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Executive Summary

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, schools, 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.

Property Facts

Price $1,300,000
Price Per Unit $65,000
Sale Type Investment
No. Units 20
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 1.00 AC
Building Size 23,215 SF
Average Occupancy 90%
No. Stories 2
Year Built 1938
Parking Ratio 1.3/1,000 SF
Opportunity Zone Yes
Zoning 03 - MULTI

Amenities

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Security System
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 18 $600.00 -
2+1 2 $675.00 -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
063803-371-010-0004-001-000
Land Assessment
$31,000
Improvements Assessment
$369,000
Total Assessment
$400,000
  • Listing ID: 41446886

  • Date on Market: 7/27/2026

  • Last Updated:

  • Address: 305 N Work St, Falconer, NY 14733

Contact the Sale Advisor

305 N Work St

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