109 Stowe St · Jamestown, NY 14701

$45,000

3 bd · 2.0 ba · 2,479 sqft · MultiFamily public records · 38 Days on market

Built 1890 4,800 sqft lot $18/sqft · 71% below area

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Well maintained 2 unit. Vinyl sided. Large spacious rooms. Central Air in lower unit. This is a lot of house for the money!

Key facts

• New hot water tank
• Updated gas lines
• Newer windows

Tags

• MULTI-UNIT PROPERTY
• NEWER WINDOWS
• NEWER METAL ROOF
• VINYL SIDING
• UPDATED GAS LINES
• NEW HOT WATER TANK

Property features AI

Finance

• Other: Property zoned for residential 2-unit; Two separate gas meters and two separate electric meters; Operating expense details noted in remarks
• Financial info: Tenant(s) pay all utilities

Exterior

• Parking: Attached garage with 4 parking spaces; Concrete and paved parking
• Utilities: Public water connected; Sewer connected
• Home design: 2-story multifamily (2 units); Resale property; Vinyl siding exterior
• Construction: Vinyl siding construction; Existing (previously built)
• Exterior features: Rectangular residential lot; City street frontage; Lot dimensions approximately 40 x 120

Interior

• Kitchen: Eat-in kitchen in one unit
• Bedrooms: Two 3-bedroom units
• Flooring: Vinyl; Varies
• Bathrooms: Each unit has 1 full bathroom (2 full bathrooms total)
• Heating & cooling: Forced air heating; Electric and gas heating
• Interior features: Partial basement; Varied and vinyl flooring
• Laundry & utility: In-unit laundry in at least one unit; Electric and gas water heaters

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $45k.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive. Per door: $735/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $45k).
• Recommended offer: $44k (3.0% below list) — sets the bar for market timing.
• Cap rate 45.5% vs local median 16.6% in Jamestown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#470 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities D, crime F.
• Jamestown City School District (town): math 33% / reading 42% proficiency, ranked #553 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 313 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 127 units permitted in Chautauqua County in 2024 (0 in 5+ unit buildings).
• At $2,254/mo this rent would consume 54% of the median local household income ($50k/yr) (locally 1838% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Chautauqua County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $26k; list at $45k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $43,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 5.01% ✓
• Cap rate: 45.48%
• Cash-on-cash: 139.97%
• DSCR: 7.23
• GRM: 1.7

CMA / ARV

• ARV (median comp): $155,050
• List price: $45,000
• Delta: -70.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16 Bowen St	0.16mi	4/2.0 (+1)	2,250 (-9%)	3mo	$50,000	$22	69
18 Bowen St	0.16mi	4/2.0 (+1)	2,656 (+7%)	17mo	$16,500	$6	61
532 Lakeview Ave	0.43mi	4/2.0 (+1)	2,332 (-6%)	7mo	$65,500	$28	60
115 Fulton St	0.57mi	4/2.0 (+1)	2,380 (-4%)	4mo	$30,000	$13	59
161 Thayer St	0.16mi	4/2.0 (+1)	2,133 (-14%)	7mo	$100,000	$47	59
525 E 5th St	0.41mi	4/2.0 (+1)	2,564 (+3%)	14mo	$44,500	$17	58
310 E 6th St	0.60mi	4/2.0 (+1)	2,589 (+4%)	5mo	$67,000	$26	56
211 E 8th St	0.56mi	4/2.0 (+1)	2,280 (-8%)	4mo	$24,000	$11	52
1007 N Main St	0.67mi	4/2.0 (+1)	2,355 (-5%)	8mo	$35,000	$15	48
519 E 6th St	0.44mi	4/2.0 (+1)	2,271 (-8%)	16mo	$38,000	$17	47
245 Fulton St	0.50mi	4/2.0 (+1)	2,118 (-15%)	2mo	$47,000	$22	46
346 Willard	0.74mi	4/3.0 (+1)	2,128 (-14%)	6mo	$18,900	$9	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.85×
• Total profit: $86,346
• Equity at exit: $6,710

10-year hold

• IRR: —
• Equity multiple: 16.54×
• Total profit: $195,858
• Equity at exit: $3,891

Cash invested: $12,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 14701

• Home prices YoY: -18.5%
• Active inventory: 313
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $2,254 medium
• Mortgage (P&I): −$236
• Tax est. 1.5%: −$56 /mo · $675/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $1,470

Break-even live

Break-even rent $394

Max offer price $45,000

Occupancy floor 30%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,254
Total (2 units)			$2,254

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 Butler St Jamestown, NY	2.0	1.0	2683	$1,200	$0.45	43d	1	0.82mi

Listing history 20 events

1. 2026-06-19
   days on market $45,000 Active 38 DOM
2. 2026-06-18
   days on market $45,000 Active 37 DOM
3. 2026-06-17
   days on market $45,000 Active 36 DOM
4. 2026-06-16
   days on market $45,000 Active 35 DOM
5. 2026-06-15
   days on market $45,000 Active 34 DOM
6. 2026-06-14
   days on market $45,000 Active 32 DOM
7. 2026-06-12
   days on market $45,000 Active 31 DOM
8. 2026-06-09
   days on market $45,000 Active 28 DOM
9. 2026-06-08
   days on market $45,000 Active 27 DOM
10. 2026-06-07
    days on market $45,000 Active 26 DOM
11. 2026-06-05
    days on market $45,000 Active 23 DOM
12. 2026-06-02
    days on market $45,000 Active 21 DOM
13. 2026-06-01
    days on market $45,000 Active 20 DOM
14. 2026-05-31
    days on market $45,000 Active 19 DOM
15. 2026-05-30
    days on market $45,000 Active 18 DOM
16. 2026-05-12
    listed $45,000 Active 510-char remark
17. 2025-03-31
    historical
18. 2024-09-27
    listed $79,000 Active
19. 2008-02-15
    soldstatus $26,500

    Show marketing remark (123 chars)

    Well maintained 2 unit. Vinyl sided. Large spacious rooms. Central Air in lower unit. This is a lot of house for the money!

20. 2008-01-04
    listed $29,900

    Show marketing remark (123 chars)

    Well maintained 2 unit. Vinyl sided. Large spacious rooms. Central Air in lower unit. This is a lot of house for the money!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,048
• − Mortgage interest: −$2,521
• − Property taxes: −$675
• − Insurance: −$225
• − Repairs & maintenance: −$2,164
• − Management: −$2,164
• − Depreciation: −$1,309
• Taxable income: $17,991
• Est. tax owed @ 24.0%: −$4,318
• After-tax cash flow: $13,318/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Jamestown City School District
• NCES district ID: 3615630
• Math proficiency: 33% ▼ -3.00%
• Reading proficiency: 42% ▲ 5.00%
• Median HH income: $32,240
• Composite: 30.69/100
• National rank: #6176
• State rank: #553 of 590 in NY

Livability — Jamestown

• Score: 69/100
• State rank: #470
• US rank: #8213

Category grades

Amenities D Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jamestown, NY
• County: Chautauqua County · 38,461 people
• City population: 38,461
• Metro: Jamestown-Dunkirk-Fredonia, NY
• Population (ZIP): 38,461
• Household income: $49,685
• Rent vs Own: 42.8% rent · 57.2% own
• Severe rent burden: 1838.0

Population outlook (Chautauqua County) Hauer SSP2

• Today (2025): 123,454 people
• By 2030: 118,509 · -4.0%
• By 2040: 107,311 · -13.1%
• By 2050: 96,703 · -21.7%
• By 2075: 76,757 · -37.8%
• By 2100: 60,984 · -50.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 11% Two or more races 6% Black 3%
• Hispanic origin (detail): Puerto Rican 8%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Chautauqua

• 2024 margin: Strong R (+22.0) · D 39.0% · R 61.0%
• 2008→2024 swing: -22.9pp toward R · 2008: 0.9pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.8 2016: R+24.6 2012: R+8.2 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.93%
• Current HPI: 259.402
• Rent YoY: —
• Metro: Jamestown-Dunkirk-Fredonia, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+50.5% since first listed

5 events — show timeline

• 2026-05-12 Listed $45,000 UNYREIS
• 2025-03-31 Listing Removed — UNYREIS
• 2024-09-27 Listed $79,000 UNYREIS
• 2008-02-15 Sold (MLS) $26,500 UNYREIS
• 2008-01-04 Listed $29,900 UNYREIS

Property tax history

-4.2%/yr

Latest (2025): $2,302 · +4.8% YoY. Source: county tax records.