114 E Green Street, Olean, NY 14760
Local realty services provided by:HUNT Real Estate ERA
114 E Green Street,Olean, NY 14760
$120,000
- 2 Beds
- 2 Baths
- 1,830 sq. ft.
- Multi-family
- Active
Listed by: myoungjin joo
Office: myoungjin joo
MLS#:R1724209
Source:NY_GENRIS
Price summary
- Price:$120,000
- Price per sq. ft.:$65.57
About this home
Phenomenal turnkey investment opportunity in Western New York! This highly efficient, institutional-grade residential portfolio features 7 tightly clustered assets strategically located on East Green Street and adjacent Edwards Court. Offering immediate scale and high cash-flow velocity, the package delivers a stellar 16.89% Package Cap Rate based on 2026 full-year projections. For private buyers or expanding syndicates, this is a rare chance to capture an immediate, dominant local footprint with streamlined operations from day one. By securing a high-performing real estate engine in a single transaction, investors bypass years of slow, piecemeal portfolio assembly. While the seller prefers a bulk portfolio sale to maximize buyer value, individual home buyers or localized investors have the unique flexibility to acquire these properties separately. Enjoy streamlined property management and immediate operational stability with a strong 86.67% blended occupancy rate across a strong mix of multi-family layouts and classic residential structures. The portfolio includes 114 East Green St ($120k, 16.02% Cap), 116 East Green St ($120k, 17.15% Cap), 118 East Green St ($140k, 19.17% Cap), 120 East Green St ($110k, 16.28% Cap), 1 Edwards Ct ($100k, 15.02% Cap), 2 Edwards Ct ($100k, 10.23% Cap), and 9 Edwards Ct (Lot, $5k). While individual assets can be acquired at a $695,000 aggregate, the seller is offering a built-in $45,000 bulk package discount, dropping the total price to a highly competitive $650,000. Tenants enjoy premier walkability to the bustling North Union Street commercial district, public transit, local staple Ried's Food Barn, and Four Mile Brewing. Highly accessible to neighborhood amenities like Lincoln Park, the Olean Public Library, and premier dining spots like Beef-N-Barrel and Eatery, this location ensures historically low vacancy. Significant upside remains in the Edwards Court units. Act fast to secure a massive local footprint in a single transaction! Ask your realtor for financial statement/projections....
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Home facts
- Year built:1920
- Listing ID #:R1724209
- Added:3 day(s) ago
- Updated:October 27, 2026 at 05:01 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Hardwood, Tile, Varies
- Basement:Yes
- Basement Description:Full
- Living area:1,830 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Shingle
- Year built:1920
- Building area:1,830 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Rectangular, Residential Lot
- Architectural Style:Duplex
- Construction Materials:Wood Siding
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$120,000
- Price per sq. ft.:$65.57
- Tax amount:$2,422
Parking
- Parking description:Garage
- Garage:Yes
- Garage spaces:2
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