12 Crown St · Jamestown, NY 14701

$80,000

8 bd · 2.0 ba · 2,308 sqft · MultiFamily public records · 93 Days on market

Built 1895 Poor condition 6,250 sqft lot $35/sqft · 20% below area Est $100k · 20% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• 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

Large 2 Family situated on the Southside of Jamestown. All utilities are paid by the tenants. Off street parking. Strong ROI.

Key facts

• Off street parking
• 6,250 sq ft lot
• 2 parking spots

Tags

• OFF STREET PARKING

What this means for you Summary

Snapshot

• This is a 2 × 4-bed/1.0-bath units multifamily listed at $80k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $2k ($18k/yr) — positive. Per door: $763/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $80k).
• Recommended offer: $73k (9.0% below list) — sets the bar for market timing.
• Cap rate 29.2% 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; 127 units permitted in Chautauqua County in 2024 (0 in 5+ unit buildings).
• At $2,718/mo this rent would consume 66% 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 $553 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $9k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,800 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% 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. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1895 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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.
11. 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.
12. 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: 3.40% ✓
• Cap rate: 29.17%
• Cash-on-cash: 81.71%
• DSCR: 4.64
• GRM: 2.5

CMA / ARV

• ARV (median comp): $100,485
• List price: $80,000
• Delta: -20.39%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
323 Newland Ave	0.35mi	7/4.0 (-1)	2,475 (+7%)	9mo	$84,900	$34	51

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: 82.0%
• Equity multiple: 4.76×
• Total profit: $84,269
• Equity at exit: $11,928

10-year hold

• IRR: 85.3%
• Equity multiple: 9.88×
• Total profit: $198,814
• Equity at exit: $6,917

Cash invested: $22,400 (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: 4.9×

Monthly cashflow live

• Estimated rent: $2,718 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$169 /mo · $2,028/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$571
• Net cashflow: $1,525

Break-even live

Break-even rent $787

Max offer price $80,000

Occupancy floor 39%

Sensitivity live

Price	-10% $1,571	-5% $1,548	+0% $1,525	+5% $1,503	+10% $1,480
Rent	-10% $1,311	-5% $1,418	+0% $1,525	+5% $1,633	+10% $1,740
Rate	-1.0pp $1,566	-0.5pp $1,546	base $1,525	+0.5pp $1,505	+1.0pp $1,484

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

Units	Beds	Baths	Est. rent
▸ 2× units	4	1	$2,718
Total (2 units)			$2,718

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $80,000 Active 93 DOM
2. 2026-06-18
   days on market $80,000 Active 92 DOM
3. 2026-06-17
   days on market $80,000 Active 91 DOM
4. 2026-06-17
   price $80,000 Active 90 DOM
5. 2026-06-16
   days on market $83,000 Active 90 DOM
6. 2026-06-15
   days on market $83,000 Active 89 DOM
7. 2026-06-14
   days on market $83,000 Active 87 DOM
8. 2026-06-12
   days on market $83,000 Active 86 DOM
9. 2026-06-09
   days on market $83,000 Active 83 DOM
10. 2026-06-08
    days on market $83,000 Active 82 DOM
11. 2026-06-07
    days on market $83,000 Active 81 DOM
12. 2026-06-05
    days on market $83,000 Active 78 DOM
13. 2026-06-02
    pricedays on market $83,000 Active 76 DOM
14. 2026-06-01
    days on market $86,000 Active 75 DOM
15. 2026-05-31
    days on market $86,000 Active 74 DOM
16. 2026-05-30
    days on market $86,000 Active 73 DOM
17. 2026-05-04
    price $86,000 125-char remark

    Show marketing remark (125 chars)

    Large 2 Family situated on the Southside of Jamestown. All utilities are paid by the tenants. Off street parking. Strong ROI.

18. 2026-03-18
    listed $89,000 Active 125-char remark

    Show marketing remark (125 chars)

    Large 2 Family situated on the Southside of Jamestown. All utilities are paid by the tenants. Off street parking. Strong ROI.

19. 2022-11-01
    soldstatus $81,000 Closed Sale or Rented 409-char remark

    Show marketing remark (409 chars)

    Large 2 family with great rental income up for sale. 2 electric, 2 gas and 2 water meters. Lower unit is a 4 bedroom currently rented for $700 per month plus all utilities. Upper is a 3 bedroom that is rented for $750 per month with the seller paying the utilities. Both are long term tenants at reduced rate for the size of the units. Situated on a large lot with a detached garage that is great for storage.

20. 2022-10-18
    status Pending Sale 409-char remark

    Show marketing remark (409 chars)

    Large 2 family with great rental income up for sale. 2 electric, 2 gas and 2 water meters. Lower unit is a 4 bedroom currently rented for $700 per month plus all utilities. Upper is a 3 bedroom that is rented for $750 per month with the seller paying the utilities. Both are long term tenants at reduced rate for the size of the units. Situated on a large lot with a detached garage that is great for storage.

21. 2022-10-14
    historical 409-char remark

    Show marketing remark (409 chars)

    Large 2 family with great rental income up for sale. 2 electric, 2 gas and 2 water meters. Lower unit is a 4 bedroom currently rented for $700 per month plus all utilities. Upper is a 3 bedroom that is rented for $750 per month with the seller paying the utilities. Both are long term tenants at reduced rate for the size of the units. Situated on a large lot with a detached garage that is great for storage.

22. 2022-10-14
    listed $81,000 409-char remark

    Show marketing remark (409 chars)

    Large 2 family with great rental income up for sale. 2 electric, 2 gas and 2 water meters. Lower unit is a 4 bedroom currently rented for $700 per month plus all utilities. Upper is a 3 bedroom that is rented for $750 per month with the seller paying the utilities. Both are long term tenants at reduced rate for the size of the units. Situated on a large lot with a detached garage that is great for storage.

23. 2022-01-26
    historical
24. 2021-12-01
    status Active
25. 2021-10-15
    historical Continue to Show- Under Contract
26. 2021-08-31
    listed $69,900 Active

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

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $2,028 · $169/mo
• Projected year-2 tax: $2,028 · $169/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 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: $32,616
• − Mortgage interest: −$4,481
• − Property taxes: −$2,028
• − Insurance: −$400
• − Repairs & maintenance: −$2,609
• − Management: −$2,609
• − Depreciation: −$2,327
• Taxable income: $18,161
• Est. tax owed @ 24.0%: −$4,359
• After-tax cash flow: $13,945/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.

Condition & rehab AI · 1 photo

Poor 20/100 Extensive rehab

This multi-family home requires extensive repairs and maintenance, including roof repair and exterior painting, to improve its condition and value.

Repairs flagged

• Major Ice dams on roof — Ice dams are a serious structural issue
• Major Snow and ice on roof — Ice dams can cause water damage
• Major Exterior siding — Siding is visibly damaged and peeling
• Major Foundation — No photos of foundation, but snow and ice suggest potential water damage

Value-add opportunities

• Both Roof repair and ice dam removal — Fixing ice dams and roof damage will improve both resale and rental value
• Both Exterior painting — Fresh paint will improve curb appeal and home value
• Rental HVAC system inspection and maintenance — A functional HVAC system is crucial for rental properties

Renovation cost estimate screening

Repair item	Severity	Est. cost
Ice dams on roof · Ice dams are a serious structural issue	Major	$15,000–50,000
Snow and ice on roof · Ice dams can cause water damage	Major	$15,000–50,000
Exterior siding · Siding is visibly damaged and peeling	Major	$15,000–50,000
Foundation · No photos of foundation, but snow and ice suggest potential water damage	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both Roof repair and ice dam removal — Fixing ice dams and roof damage will improve both resale and rental value ↑
• Both Exterior painting — Fresh paint will improve curb appeal and home value ↑
• Rental HVAC system inspection and maintenance — A functional HVAC system is crucial for rental properties ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+23.0% since first listed

10 events — show timeline

• 2026-05-04 Price Changed $86,000 UNYREIS
• 2026-03-18 Listed $89,000 UNYREIS
• 2022-11-01 Sold (MLS) $81,000 UNYREIS
• 2022-10-18 Pending — UNYREIS
• 2022-10-14 Listed $81,000 UNYREIS
• 2022-10-14 Listing Removed — UNYREIS
• 2022-01-26 Listing Removed — UNYREIS
• 2021-12-01 Relisted — UNYREIS
• 2021-10-15 Contingent — UNYREIS
• 2021-08-31 Listed $69,900 UNYREIS

Property tax history

+29.2%/yr

Latest (2025): $2,028 · +4.8% YoY. Source: county tax records.