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726 N James Street, 
Rome, NY 13440

$229,900


10

Beds


3

Baths


4,098

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Lori A. Frieden

315-339-2222

Last updated:

August 23, 2026, 02:52 PM

MLS#

S1697845

Source:

NY GENRIS

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About This Home

726 N James Street

EXCEPTIONALLY UNIQUE INVESTMENT OPPORTUNITY offering possibilities far beyond the typical two-unit rental. While city tax records classify the property as a two-family residence, the income-producing potential tells a MUCH greater! The main level features a spacious 3 bed, 1 bath apartment with both side and rear entrances, creating an ideal setup for owner occupancy or a traditional rental unit. Currently generating $900 per month in rental income, market potential is estimated between $1,200 and $1,800 per month. The front portion of the property operates in a rooming house or hostel-style configuration, offering seven private single-room units, two shared full bathrooms, and a communal kitchen. Each room currently rents for approximately $320 to $350 per month, creating an impressive annual income potential estimated between $32,000 and $38,000. For an owner-occupant, this presents a remarkable opportunity to live comfortably in the three bedroom apartment while benefiting from substantial income generated by the remainder of the property. Several tenants are long-term occupants who would welcome the opportunity to remain, providing valuable continuity for the next owner. Additional improvements include updated vinyl windows throughout, a walk-up attic that is both insulated and well ventilated, and a dry, functional basement housing the mechanical systems. Conveniently located near grocery stores, the post office, dining options, and public transportation, this property offers both accessibility and exceptional versatility for investors and owner-occupants alike. Rome City taxes reflect the inclusion of unmetered water, public sewer, and weekly garbage & green waste pick up for that of a 2 unit rental, making operating costs incredibly economical.

Home Facts

Multi-Family

3 Baths

10 Bedrooms

Built in 1890

Price Summary

229,900

$56 per Sq. Ft.

MLS #:

S1697845

Last Updated:

August 23, 2026, 02:52 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

4,098 Sq. Ft.


Structure

Structure

Building Area:

4,098 Sq. Ft.

Year Built:

1890


Lot

Lot Size (Sq. Ft):

12,197


Finances & Disclosures

Finances

Price:

$229,900

Price per Sq. Ft:

$56 per Sq. Ft.

Source:NY GENRIS
The information being provided by New York State Alliance Of Mlss is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 New York State Alliance Of Mlss All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.