316 North 2nd Street, Olean, NY 14760

• 4 beds |
• 3 baths |
• 2,033 sqft

Property Description

8-Unit Investment Opportunity! Strong Cash Flow Potential! Rare opportunity to purchase two multi-family properties totaling 8 units, to be sold together for $279,000 (approximately $35,000 per unit). The properties offer immediate income potential with room for growth. Current rents are below market, providing an opportunity for increased returns with future adjustments. Many units feature separate layouts, offering flexibility for tenants. The properties have seen numerous updates, including: Metal roof (314) less than 1 year old Roof (316) approximately 5 years old There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential. Ideal opportunity for investors looking to expand their portfolio or for buyers seeking to offset living expenses by occupying one unit. Properties must be sold together (see MLS #R1667935 for additional property).

Listing Status:

Active

Date Added:

March 19, 2026

Data Last Updated:

April 5, 2026 at 7:18AM

Listing Office:

EXP-Premier Listings Team : 888-276-0630

Listing Agent:

Deon Gayton : 716-790-2852

MLS ID:

R1667915

Interior

• Appliances: Gas Water Heater
• Basement: Dirt Floor
• Flooring: CarpetLaminateVariesVinyl
• Heating: GasForced Air
• Fireplace: Fireplaces: 0

Exterior

• Parking: PavedTwo or More Spaces

Construction

• General: BrickStoneVinyl Siding1

Location

• Road/Access: City Street
• Originating MLS: NYS_CC
• School District: Olean
• County: Cattaraugus

Lot

• Zoning: 041200-094-057-0005-015-000-0000

Utilities

• Utilities: Sewer ConnectedWater Connected
• Water: ConnectedPublic
• Sewer: Connected

Financial

• Source: NYS_CC