Attention investors! Bring your vision and take advantage of the potential this three-unit property has to offer. With spacious units, flexible living areas, and renovations already underway, this property presents an excellent value-add opportunity for an investor looking to build equity and maximize rental potential.
The first-floor unit offers two bedrooms with the possibility of a third, along with a living room, dining room, kitchen, pantry, and convenient in-unit laundry.
The second-floor unit features two bedrooms, a family room, and additional living space in the attic, including one of the bedrooms and full bath. This unit is ready for renovation and offers plenty of space and possibilities for the new owner to make it their own.
The basement unit has been completely gutted and is approximately 70% of the way through its remodel. Improvements already completed include new drywall, insulation, and some new plumbing. Even better, many of the materials needed to finish the project are already there, including a toilet, shower, vanity, flooring, and more.
Whether you're an experienced investor, contractor, or someone looking for a multi-unit property where you can add value through improvements, this property offers plenty of potential. Finish the renovations, put your own touches on each unit, and turn this property into an income-producing investment!
Active
Price cut: $10K (9/25)
$45,000
196 Falconer St, Jamestown, NY 14701
5beds
2,546sqft
Triplex, Multi Family
Built in 1876
-- sqft lot
$-- Zestimate®
$18/sqft
$-- HOA
What's special
- 53 days
- 137
- 12
Zillow last checked:
Listing updated:
Listed by:
Real Estate Advantage 716-484-2020,
Holly Hackett 716-737-5411
Source: NYSAMLSs,MLS#: R1707771
Originating MLS: Chautauqua-Cattaraugus
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Stove, Wall Furnace
Appliances
- Included: Electric Water Heater, Gas Water Heater
Features
- Flooring: Carpet, Hardwood, Laminate, Varies
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 2,546
- Total interior livable area: 2,546 sqft
- Finished area below ground: 672
Video & virtual tour
Property
Parking
- Parking features: Gravel, Two or More Spaces
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Deck
Lot
- Size: 3,598 Square Feet
- Dimensions: 30 x 120
- Features: Other, Rectangular, Rectangular Lot, See Remarks
Details
- Parcel number: 0608003700200003048000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Resale
- Year built: 1876
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Jamestown
Financial & listing details
- Price per square foot: $18/sqft
- Tax assessed value: $30,000
- Annual tax amount: $1,633
- Date on market: 8/17/2026
- Listing terms: Cash,Conventional,Rehab Financing
Estimated market value
Not available
Estimated sales range
Not available
$1,145/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Price change | $45,000-18.2%$18/sqft |
Source: | ||
| 8/17/2026 | Listed for sale | $55,000+48.6%$22/sqft |
Source: | ||
| 1/21/1997 | Sold | $37,000$15/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $30,000 |
| 2024 | -- | $30,000 |
| 2023 | -- | $30,000 |
| 2022 | -- | $30,000 |
| 2021 | -- | $30,000 |
| 2020 | -- | $30,000 +20% |
| 2019 | -- | $25,000 |
| 2018 | -- | $25,000 |
| 2017 | $491 | $25,000 |
| 2016 | -- | $25,000 |
| 2015 | -- | $25,000 |
| 2014 | -- | $25,000 |
| 2013 | -- | $25,000 |
| 2012 | -- | $25,000 |
| 2011 | -- | $25,000 -9.1% |
| 2010 | -- | $27,500 |
| 2009 | -- | $27,500 |
| 2008 | -- | $27,500 |
| 2007 | -- | $27,500 |
| 2006 | -- | $27,500 +210% |
| 2005 | -- | $8,870 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 14701
Nearby schools
Schools provided by the listing agent
- Elementary: Carlyle C Ring Elementary
- Middle: Washington Middle
- High: Jamestown High
- District: Jamestown
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




