About This Home

This 20-bedroom, 0-bathroom residential multi family at 305 N Work St. in Falconer, NY is listed for $1,100,000 ($47 per sqft). Built in 1938, the home offers 23,215 sqft of living space on a 1.40 acres lot.

Key Features

  • Built in 1938
  • 1.40 acre lot
  • 2 stories

Property Details

2 stories
1938
Listing Description

20-Unit Apartment Complex - Falconer, New York Presenting an exceptional investment opportunity in the heart of Falconer, New York. This well-maintained 20-unit apartment complex offers an income-producing asset in a desirable location with convenient access to shopping, restaurants, schools, parks, and major transportation routes.

The property features 18- One bedroom and 2-Two bedroom all electric serviced units, each with its own electric meter, each supplied with stove and refridgerator. Residents enjoy the convenience of two coin operated laundry rooms within the building as well as nearby amenities while benefiting from the quiet, small-town atmosphere that makes Falconer an attractive place to call home.

With steady rental demand and proximity to Jamestown, this apartment complex represents an excellent opportunity for both seasoned investors and those looking to expand their multifamily portfolio. The property's size provides economies of scale while offering long-term income potential and opportunities for future value appreciation.

Whether you're seeking a turnkey investment or a property with upside potential through strategic improvements, this 20-unit complex is well-positioned to deliver consistent returns. Property Highlights 20 residential apartment units Located in Falconer, NY Convenient access to Jamestown and surrounding communities Close to shopping, dining, school

s, and local employers Strong rental demand in an established neighborhood Excellent opportunity for long-term cash flow and portfolio growth Well Maintained!!! This multifamily property combines location, stability, and investment potential, making it a valuable addition to any real estate portfolio.

Monthly Cost Estimate

$5,883/mo

20% down · 6.5% · 30 years

Principal$796
Interest$4,767
Insurance$321

Estimates only. Actual payments may vary.

Location

305 N Work St.

Falconer, NY 14733

Features & Amenities

Exterior Features

FenceGravelDrivewayPrivateYard

Property Details

Flooring

VinylVariesLaminate

Construction

BlownInInsulation Brick

Parking

DrivewayGarage

Heating

Electric (Heating)Baseboard

Appliances

ElectricOvenElectricRangeElectricWaterHeaterRefrigerator

Questions & Answers

This 20-bedroom, 0-bathroom residential multi family at 305 N Work St. is listed at $1,100,000 ($47/sqft). The estimated monthly payment is $5,883 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1938, 1.40 acre lot, 2 stories. Exterior Features: Fence, GravelDriveway, PrivateYard.

This property is listed by Genevieve "Ginger" Johnson.

GJ

Genevieve "Ginger" Johnson

License 30JO0773088

Agent at Real Estate Advantage

Listed by Real Estate Advantage · Broker phone: (716) 484-2020 · View on Broker Site · Broker website

MLS# R1695498· Source: New York State Alliance of MLSs, LLC· 117 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.

305 N Work St., Falconer, NY 14733

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