About This Home

This 3-bedroom, 2-bathroom residential multi family at 228 Forest Avenue in Jamestown, NY is listed for $29,900 ($14 per sqft). Built in 1865, the home offers 2,080 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1865
  • 0.11 acre lot

Property Details

1 story
2 full
1865
Listing Description

Excellent opportunity to acquire a fully rented two-unit property offered below market value for a quick sale. This income-producing property provides immediate rental income from day one and is an ideal opportunity for an investor seeking a turnkey addition to their portfolio.

Both units are currently occupied, offering established cash flow and no need to wait for lease-up. The property presents strong potential for long-term investment, with the opportunity to benefit from future appreciation and possible rent growth. Whether you are a first-time investor or an experienced landlord looking to expand, this two-unit property offers affordability, immediate income and excellent value.

Priced to sell quickly-don't miss this opportunity to secure a fully rented investment property below market value.

Monthly Cost Estimate

$160/mo

20% down · 6.5% · 30 years

Principal$22
Interest$130
Insurance$9

Estimates only. Actual payments may vary.

Location

228 Forest Avenue

Jamestown, NY 14701

Property Details

Flooring

LaminateVariesVinyl

Construction

WoodSiding

Heating

Forced AirNatural GasBaseboard

Appliances

GasWaterHeater

Questions & Answers

This 3-bedroom, 2-bathroom residential multi family at 228 Forest Avenue is listed at $29,900 ($14/sqft). The estimated monthly payment is $160 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1865, 0.11 acre lot.

This property is listed by Andrea Eckman.

AE

Andrea Eckman

License 10401279663

Agent at Century 21 Turner Brokers

Listed by Century 21 Turner Brokers · Broker phone: (716) 763-7506 · View on Broker Site · Broker website

MLS# R1718641· Source: New York State Alliance of MLSs, LLC· 20 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

228 Forest Avenue, Jamestown, NY 14701

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