37 N 3rd Street, Allegany, NY 14706
Local realty services provided by:ERA Team VP Real Estate
37 N 3rd Street,Allegany, NY 14706
$89,900
- 4 Beds
- 2 Baths
- 2,048 sq. ft.
- Multi-family
- Active
Listed by: paul pezzimenti
Office: howard hanna professionals - olean
MLS#:R1708259
Source:NY_GENRIS
Price summary
- Price:$89,900
- Price per sq. ft.:$43.9
About this home
Side-by-side single-story duplexes don't come along often. Only a few stairs to enter, no shared floors, no neighbors overhead — just two private units, each with its own entrance and its own driveway. That layout is exactly what tenants stay put for, and it's why this property has held long-term renters year after year.
At 2,048 square feet, there's real living space here, not the cramped footprint you find in most small multifamily. Both units are single-story, making them appealing to a wide tenant pool.
The investor angle: one unit will be delivered vacant at closing, giving you the chance to reset that rent at market from day one. The remaining tenant is long-term, currently at $550 plus utilities, and open to negotiating a new lease. Tenants pay their own utilities, keeping your operating costs predictable.
Recent capital already in place: a portion of the roof was replaced within the last 2–3 years, with the balance approximately 12 years old — meaningful deferred maintenance already handled.
Yes, it needs some TLC. That's the opportunity. Cosmetic updates here translate directly into higher rents in a village where quality rentals are genuinely hard to find. Whether you're adding to a portfolio or house-hacking your first property — live in one side, let the other side pay the mortgage — this is the kind of property that rewards a little sweat equity.
Sought-after Village of Allegany location. Properties like this rarely hit the open market. Schedule your showing today....
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Home facts
- Year built:1880
- Listing ID #:R1708259
- Added:2 day(s) ago
- Updated:August 23, 2026 at 02:52 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Ceramic Tile, Laminate, Varies, Vinyl
- Basement:Yes
- Basement Description:Partial
- Living area:2,048 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Year built:1880
- Building area:2,048 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Rectangular, Residential Lot
- Architectural Style:Duplex
- Construction Materials:Composite Siding, Copper Plumbing
- Exterior Features:Deck, Open, Porch
- Foundation Description:Stone
- Levels:1 Story
Schools
- High school:Allegany-Limestone High
- Middle school:Allegany-Limestone Middle
- Elementary school:Allegany Elementary
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$89,900
- Price per sq. ft.:$43.9
- Tax amount:$2,575
Features and amenities
- Amenities:Deck
Parking
- Parking description:Gravel Driveway
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