314 N 2nd Street, Olean, NY 14760
Local realty services provided by:Team VP Real Estate
314 N 2nd Street,Olean, NY 14760
$130,000
- 5 Beds
- - Baths
- 5,700 sq. ft.
- Multi-family
- Pending
Listed by: deon gayton
Office: exp-premier listings team
MLS#:R1667935
Source:NY_GENRIS
Price summary
- Price:$130,000
- Price per sq. ft.:$22.81
About this home
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 #R1667915 for additional property).
Contact an agent
Home facts
- Year built:1900
- Listing ID #:R1667935
- Added:96 day(s) ago
- Updated:June 24, 2026 at 08:56 AM
Rooms and interior
- Bedrooms:5
- Flooring:Carpet, Laminate, Varies, Vinyl
- Basement:Yes
- Living area:5,700 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric, Forced Air, Gas
Structure and exterior
- Roof:Metal
- Year built:1900
- Building area:5,700 sq. ft.
- Lot area:0.24 Acres
- Lot Features:Rectangular, Residential Lot
- Construction Materials:Vinyl Siding
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$130,000
- Price per sq. ft.:$22.81
- Tax amount:$5,052
Parking
- Parking description:No Garage
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