316 N 2nd Street, Olean, NY 14760

Olean
Local realty services provided by:ERA Team VP Real Estate
316 N 2nd Street,Olean, NY 14760
$139,500
  • 4 Beds
  • 3 Baths
  • 2,033 sq. ft.
  • Multi-family
  • Active
Listed by: deon gayton
Office: exp-premier listings team
MLS#:R1667915
Source:NY_GENRIS

Price summary

  • Price:$139,500
  • Price per sq. ft.:$68.62

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 #R1667935 for additional property).

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Home facts

  • Year built:1917
  • Listing ID #:R1667915
  • Added:7 day(s) ago
  • Updated:March 25, 2026 at 02:45 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Carpet, Laminate, Varies, Vinyl
  • Basement:Yes
  • Living area:2,033 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1917
  • Building area:2,033 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Rectangular, Residential Lot
  • Construction Materials:Brick, Stone, Vinyl Siding

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$139,500
  • Price per sq. ft.:$68.62
  • Tax amount:$2,218

Parking

  • Parking description:Paved

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