Timeless Charm and Income Potential: A Classic Multi-Family Opportunity in Jamestown, NY – $89,900
Timeless Charm and Income Potential: A Classic Multi-Family Opportunity in Jamestown, NY
Located at 835 E 2nd Street in Jamestown, New York, this well-maintained two-unit multi-family home presents an exceptional opportunity for both owner-occupants and savvy investors. Priced at $89,900, the property blends historic character, flexible living arrangements, and strong rental potential—all set on a desirable double lot with a one-car garage.
Built in 1910, this residence showcases the craftsmanship and architectural details that define early 20th-century homes, while offering the practicality today’s buyers seek.
Whether you’re looking to live in one unit and rent the other, generate dual rental income, or convert the property back into a spacious single-family home, this Jamestown property offers versatility that is increasingly hard to find at this price point.
A Flexible Two-Unit Layout
The home is currently configured as a two-unit multi-family property, featuring a total of five bedrooms and two full bathrooms across both units.
The lower unit offers two bedrooms, a bright and welcoming living area, and charming original details that immediately make the space feel like home. Large windows allow natural light to fill the rooms, creating a warm and comfortable atmosphere ideal for owner-occupancy or tenant appeal.
The upper unit features three bedrooms, providing generous living space that can comfortably accommodate families, roommates, or extended family members. With its thoughtful layout and ample room sizes, the upper unit offers excellent rental flexibility and strong income potential.
Both units maintain the home’s historic integrity while offering functional, livable spaces suited to modern needs.
Historic Details That Set This Home Apart
One of the standout features of this property is its remarkable original craftsmanship. From the moment you step inside, you’ll notice architectural elements that simply aren’t replicated in newer construction.
Highlights include:
Beautiful original woodwork throughout the home
Hardwood floors that add warmth and durability
Leaded glass windows, bringing character and filtered natural light
An original tiled entryway that makes a striking first impression
An impressive open staircase that serves as a focal point of the interior
These details contribute to the home’s timeless appeal and offer a sense of history that many buyers actively seek. For those who appreciate classic architecture, this property delivers charm in every room.
Potential to Convert to a Single-Family Home
In addition to its current multi-family configuration, this property offers the option to convert back into a single-family residence. With five bedrooms and spacious common areas, the home could easily accommodate a large household or anyone looking for extra room for home offices, guest rooms, or hobby spaces.
The layout lends itself well to reimagining the space while preserving its architectural charm. Buyers who value flexibility will appreciate the opportunity to adapt the property to their long-term needs.
A Rare Double Lot with Outdoor Possibilities
Sitting on a double lot, this property provides outdoor space that is increasingly rare in urban residential settings. The extra land opens the door to numerous possibilities, including:
Outdoor entertaining or relaxation areas
Gardening or landscaping projects
Play space for children or pets
Potential future expansion, subject to local zoning regulations
The lot also includes a one-car garage, offering secure parking and additional storage—an important feature for both owner-occupants and tenants.
Ideal for Investors and Owner-Occupants Alike
This Jamestown multi-family home is well-suited for a variety of buyers:
Investors will appreciate the dual-unit layout, strong rental potential, and affordable entry price.
Owner-occupants can live in one unit while offsetting expenses by renting the other.
Multi-generational households can use the separate units for privacy and convenience.
Restoration enthusiasts can highlight and preserve the home’s historic features while adding modern updates.
With its combination of condition, character, and flexibility, the property represents a smart investment in a stable residential neighborhood.
Convenient Jamestown Location
Situated in a well-established area of Jamestown, the home is close to schools, parks, local shopping, and downtown amenities. Residents enjoy easy access to daily necessities, recreational opportunities, and community attractions, making the location appealing to both homeowners and renters.
Jamestown’s rich history, walkable neighborhoods, and ongoing revitalization efforts continue to attract buyers seeking value and charm in Western New York.
A Solid Resale Opportunity
Classified as a resale property, this home has been well cared for, reflecting pride of ownership over the years. Built to last and thoughtfully maintained, it offers a solid foundation for future updates or enhancements while already delivering strong livability.
At a time when buyers are searching for properties that offer both character and practicality, this multi-family home stands out as a rare find.
A Unique Opportunity at an Affordable Price
With its historic charm, flexible layout, double lot, and excellent location, 835 E 2nd Street represents an outstanding opportunity in Jamestown’s real estate market. Priced at just $89,900, the property offers exceptional value for anyone looking to invest, generate rental income, or create a spacious home filled with timeless architectural appeal.
FROM ZILLOW
