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.
Active
$1,300,000
305 N Work St, Falconer, NY 14733
20beds
0baths
23,215sqft
Multi Family
Built in 1938
-- sqft lot
$-- Zestimate®
$56/sqft
$-- HOA
What's special
All electric serviced units
- 17 hours |
- 82 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Real Estate Advantage 716-484-2020,
Genevieve "Ginger" Johnson 716-450-2110
Source: NYSAMLSs,MLS#: R1695498
Originating MLS: Chautauqua-Cattaraugus
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 0
Heating
- Baseboard, Electric
Appliances
- Included: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- Laundry: Common Area, Coin-operated
Features
- Flooring: Laminate, Varies, Vinyl
- Basement: Partial,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 23,215
- Total interior livable area: 23,215 sqft
Video & virtual tour
Property
Parking
- Parking features: One Space, Driveway, No Garage
Features
- Levels: Two
- Stories: 2
- Exterior features: Fence, Gravel Driveway, Private Yard, See Remarks
- Fencing: Partial
Lot
- Size: 1.4 Acres
- Dimensions: 185 x 287
- Features: Corner Lot, Irregular Lot
Details
- Additional structures: Barn(s), Outbuilding
- Parcel number: 371.1041
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Blown-In Insulation, Brick
- Roof: Flat,Membrane,Rubber
Condition
- Resale
- Year built: 1938
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Laundry Facilities
- Security: Security System Owned, Fire Escape, Security Service
Location
- Region: Falconer
Financial & listing details
- Price per square foot: $56/sqft
- Tax assessed value: $579,700
- Annual tax amount: $15,283
- Date on market: 7/2/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listed for sale | $1,300,000$56/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 14733
Nearby schools
GreatSchools rating
- 4/10Harvey C Fenner Elementary SchoolGrades: 3-5Distance: 0.4 mi
- 5/10Falconer Middle High SchoolGrades: 6-12Distance: 0.4 mi
- NAPaul B D Temple Elementary SchoolGrades: PK-2Distance: 5.7 mi
Schools provided by the listing agent
- Elementary: Harvey C Fenner Elementary
- Middle: Falconer Middle
- High: Falconer Middle/High
- District: Falconer
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Chautauqua County
- Falconer
- 14733
- 305 N Work St


