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Property at 2900 Gerry Ellington Road, Gerry, NY 14740
ACTIVE
$5,000
$390,000

2900 Gerry Ellington RoadGerry, NY, 14740

6 Beds5,940 SqFt0.6 Acres
Exceptional Multifamily Investment – 7.9% Cap Rate Turnkey multifamily property offering a strong 7.9% cap rate and immediate cash flow. This well-maintained asset provides stable income with solid fundamentals, making it an excellent addition to any investor’s portfolio. The property features multiple units with strong occupancy and consistent rental history. Units are well-kept with functional layouts that appeal to long-term tenants. Located in a desirable rental corridor near major employers, transportation, shopping, and everyday amenities, this property benefits from steady tenant demand and long-term appreciation potential. Investment Highlights: • 7.9% cap rate • Stable tenant base • Strong rental history • Efficient operating expenses • Potential for rental upside Ideal for both seasoned investors and those looking to expand their multifamily holdings with a cash-flowing asset in a high-demand area. Contact for full financial package, rent roll, and expense breakdown.

Est. Monthly

$1,849/mo

$390,000
$5,000

2900 Gerry Ellington Road, Gerry, NY

6 Beds5,940 SqFt0.6 Acres

Exceptional Multifamily Investment – 7.9% Cap Rate Turnkey multifamily property offering a strong 7.9% cap rate and immediate cash flow. This well-maintained asset provides stable income with solid fundamentals, making it an excellent addition to any investor’s portfolio. The property features multiple units with strong occupancy and consistent rental history. Units are well-kept with functional layouts that appeal to long-term tenants. Located in a desirable rental corridor near major employers, transportation, shopping, and everyday amenities, this property benefits from steady tenant demand and long-term appreciation potential. Investment Highlights: • 7.9% cap rate • Stable tenant base • Strong rental history • Efficient operating expenses • Potential for rental upside Ideal for both seasoned investors and those looking to expand their multifamily holdings with a cash-flowing asset in a high-demand area. Contact for full financial package, rent roll, and expense breakdown.

StatusActive
Property TypeMulti Family
Property SubtypeCommercial
Year Built1960
Days on Market186 days

Est. Monthly Payment

$1,848.59

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

2900 Gerry Ellington Road

Gerry, NY 14740 • Chautauqua
6
Beds
—
Baths
5,940
SqFt
0.6
Acres
Status
Active
Property Type
Multi Family
Property Subtype
Commercial
Year Built
196066 years ago
Days on Market
186 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $8,168
Property History
  • Price reduced
    Feb 13, 2026 • NYSAMLS • R1648651
    $395,000 → $390,000
  • Listed for sale
    Nov 22, 2025 • NYSAMLS • R1648651
    $395,000
Mortgage Calculator
Estimated monthly payment for this property
$1,848.59
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    NYSAMLS
  • MLS#
    R1648651
  • Listing Office
    ERA Team VP Real Estate
  • Last Updated
    102 days ago

Appliances

  • Appliances
    • Dryer
    • Gas Oven
    • Gas Range
    • Gas Water Heater
    • Refrigerator
    • Washer

Climate & Systems

  • Heating
    • Gas
    • Baseboard
    • Hot Water

Interior Features

  • Flooring
    • Carpet
    • Ceramic Tile
    • Laminate
    • Varies
  • Basement
    Partial

Parking

  • Parking Features
    • One And One Half Spaces
    • Driveway
    • No Garage

Lot & Grounds

  • Lot Size
    0.6 acres
  • Lot Features
    • Rectangular
    • Rectangular Lot
    • Residential Lot
  • Exterior Features
    Blacktop Driveway

Type

  • Property Type
    Multi Family
  • Property Subtype
    Commercial

Structure

  • Construction
    • Block
    • Concrete
  • Roof
    • Flat
    • Membrane
    • Rubber

Condition

  • Year Built
    1960
  • Condition
    Resale
  • Days on Market
    186 days
  • Water
    Well
  • Sewer
    Septic Tank

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

CallEmail
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