$139,500

316 North 2nd Street, Olean, NY 14760

  • 4 beds |
  • 3 baths |
  • 2,033 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1917
  • Property Lot Size Icon8,111sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $69/sqft
  • Property List Date Icon Listed 17 days ago

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
  • Appliances: Gas Water Heater
  • Basement: Dirt Floor
  • Flooring: CarpetLaminateVariesVinyl
  • Heating: GasForced Air
  • Fireplace: Fireplaces: 0
  • Parking: PavedTwo or More Spaces
  • General: BrickStoneVinyl Siding1
  • Road/Access: City Street
  • Originating MLS: NYS_CC
  • School District: Olean
  • County: Cattaraugus
  • Zoning: 041200-094-057-0005-015-000-0000
  • Utilities: Sewer ConnectedWater Connected
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: NYS_CC

This listing courtesy of Deon Gayton , EXP-Premier Listings Team

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Olean Intermediate-Middle School

401 Wayne St, Olean, NY, 14760

Grades 4-7

0.18 miles away

O

Olean Senior High School

410 W Sullivan St, Olean, NY, 14760

Grades 8-12

0.11 miles away

O

Olean Senior High School

410 W Sullivan St, Olean, NY, 14760

Grades 8-12

0.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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