Backup offers
#R1590629, Anthony Benedetto, Listing office: Real Estate Advantage
$200,000 List price
515 Newland Ave Jamestown, NY 14701
5 beds
3 full, 1 partial
2,772 sqft
0.1 acres
$72 / sqft
Multi-Family
Property details
About 515 Newland Ave
Welcome to 515 Newland – A Prime Investment Opportunity! Whether you're a seasoned investor or a savvy homebuyer looking to live in one unit while generating income from the others, this property offers flexibility and financial potential. Built in 1955 and fully updated in the 2000s, this triplex is significantly newer than many similar properties in the City of Jamestown. The well-maintained exterior boasts strong curb appeal with a charming façade and a brand-new metal roof being installed this week! Inside, the building features three thoughtfully laid out units. The spacious lower apartment includes 3 bedrooms and 1 full bathroom, while the upper level hosts two well-designed 1 bedroom, 1 bathroom units – all three bathrooms have been recently updated. Additional amenities include off-street parking for up to 5 vehicles, a two-story deck for shared outdoor enjoyment, ample storage space, and three laundry hookups in the first-floor utility room. All units are currently tenant occupied, offering immediate cash flow of $2,300 a month. Perfectly located in the heart of Jamestown, you're just minutes from downtown, schools, shopping, parks, and major transportation routes. Don't miss your chance to own a turn-key, income-generating multi-unit property!
Highlights
Home typeMulti Family
HeatingElectric, Natural Gas, Baseboard
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Size2,772 sqft
Lot size0.1351 Acres
Year built1955
ParkingPaved, Two or More Spaces
MLS #R1618062
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Electric Water Heater, Gas Water Heater
- Flooring Type: Carpet, Varies
- Total Bedroom Count: 5
- Parking: Paved, Two or More Spaces
- Exterior: Balcony
- Architectural Style: Triplex
- Heating: Electric, Natural Gas, Baseboard
- List Price: $200,000
- Price/SqFt: $72
- Annual Tax Amount: $1,610
- Tax Year: 2023
- Lot: Rectangular Lot
- Directions: Foote to Newland
- Year Built: 1955
- Stories: 2
- Living Area: 2,772 SqFt
- Lot Size: 0.1351 Acres
- MLS Number: R1618062
- MLS Name: NYS
- Office Name: ERA Team VP Real Estate
- Office Phone: (716) 708-5000
- Listing Agent: Heather Shea-Canaley
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.
© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 7/24/2025, 12:55:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 08, 2024 | Home Sold | $147,000 |
| Jul 19, 2021 | Home Sold | $97,500 |
| Apr 04, 2018 | Home Sold | $55,590 |
| Feb 09, 2005 | Home Sold | $50,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $65,000 | $1,610 |
| 2022 | $65,000 | $1,610 |
| 2021 | $65,000 | $2,105 |
| 2020 | $50,000 | $1,628 |
| 2019 | $50,000 | $980 |
| 2018 | $50,000 | $980 |
| 2017 | $50,000 | $2,598 |
History based on county public records data.
Nearby schools
2
Milton J Fletcher Elementary School
Public District PK-4
0.3 mi
•301 Cole Ave
5
Abraham Lincoln Elementary School
Public District PK-4
0.9 mi
•301 Front St
4
Samuel G Love Elementary School
Public District PK-4
1.0 mi
•50 E 8th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,692. Most Jamestown, NY residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
59%
<35k
36%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
48%
Single, No Kids
25%
Single, with Kids
15%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
10%
12-17 yrs old
26%
18-34 yrs old
34%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
Horse Races
Where do the neighbors shop?
Family Dollar
Burlington
Stein Mart
Where do the neighbors go to eat?
Burger King
Popeyes
LongHorn Steakhouse
What do the neighbors drive?
Buick
Dodge
Oldsmobile
What do the neighbors listen to?
Urban Contemporary
Contemporary Inspirational
Rock
All data provided by Home Junction and Claritas
Similar homes for sale
#R1603652, Richard Benedetto, Listing office: Real Estate Advantage
#R1606899, Taylor Bennett, Listing office: Keller Williams Realty
#R1592682, Nathan Walrod, Listing office: Walrod Realty
#R1592685, Nathan Walrod, Listing office: Walrod Realty
#R1608988, Nathan Walrod, Listing office: Walrod Realty
#R1618585, Brenda Strasser, Listing office: Howard Hanna Holt - Lakewood
6 days on Rocket
#R1623194, Heidi Brooks, Listing office: Real Estate Advantage
#R1606463, Heather Shea-Canaley, Listing office: ERA Team VP Real Estate
Backup offers
#R1614155, Elizabeth "Beth" Korcyl, Listing office: Howard Hanna Holt - Lakewood
Frequently asked questions
Living in Jamestown, NY
Transportation options in Jamestown feature a network of roads that connect residents to nearby cities and attractions, with public transit available to facilitate local travel. The community's walkability varies by area, with certain neighborhoods offering more pedestrian-friendly environments than others. Bike paths and lanes are also present, encouraging alternative modes of transportation. While ride-sharing services are present, they complement the existing transportation infrastructure, providing additional mobility solutions for residents and visitors.
The community benefits from a solid educational system, with several public schools serving different age groups and a number of private institutions that offer alternative educational opportunities. Healthcare services in Jamestown include a central hospital equipped with various specialized departments to cater to the community's needs. The city also features a public library system that serves as a resource and gathering place for residents. Retail and dining options in Jamestown reflect the local culture, with a mix of independent shops and eateries that showcase the area's culinary diversity.
Jamestown is celebrated for its vibrant history and the legacy of Lucille Ball, with the annual Lucille Ball Comedy Festival drawing visitors and locals alike. The community prides itself on a strong sense of local identity, with numerous parks and cultural venues that contribute to the city's unique character. Residents enjoy a variety of year-round activities that foster a close-knit community atmosphere.
The housing landscape in Jamestown offers a diverse array of options, with single-family homes being a significant component of the market. Architectural styles vary, with a mix of historic homes that reflect the city's rich past and more contemporary designs for modern living. The market is complemented by a selection of apartments and townhouses, accommodating a range of preferences and needs. The homeownership rate in Jamestown is indicative of a community that values long-term residency and investment in the area.
About 515 Newland Ave
The listing price of 515 Newland Ave property is $200,000.
The property 515 Newland Ave is a multi located in Jamestown, New York, 14701.
Accepting Backup Offers: 515 Newland Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 515 Newland Ave are: Milton J Fletcher Elementary School (GreatSchools Rating 2/10), Abraham Lincoln Elementary School (GreatSchools Rating 5/10), Samuel G Love Elementary School (GreatSchools Rating 4/10), Persell Middle School (GreatSchools Rating 5/10), Thomas Jefferson Middle School (GreatSchools Rating 5/10), George Washington Middle School (GreatSchools Rating 4/10), Jamestown High School (GreatSchools Rating 3/10), Southwestern Senior High School (GreatSchools Rating 7/10), Falconer Middle/High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $1,610 (source: MLS/based on county public records data).
The last sale was on April 8, 2024 for $147,000 (source: MLS/tax record).
The property 515 Newland Ave is 2,772 SqFt (source: MLS/tax record).
The year of construction for 515 Newland Ave is 1955.
This home is located at 515 Newland Ave in Jamestown, NY and zip code 14701. This 2,772 square foot home, which was built in 1955, sits on a 0.14 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 26, 2025 and is currently priced at $200,000.
Over 11 listings were sold over their listed price in June 2025 in Jamestown, NY. In the same period over 10 listings were sold below the listed price and 4 listings were sold for the listed price. The number of homes for sale in Jamestown, NY decreased by 2.2% between May and June 2025. While the average time on the market in June 2025 was 29 days, the median list price was $115,000.
From Rocket Homes Real Estate and based on county public records data.