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For sale
  • $599,000

    201 N 18th St, Olean, NY 14760

    3beds
    1,342sqft
    Multi Family
    Built in 1985
    -- sqft lot
    $-- Zestimate®
    $446/sqft
    $-- HOA

    What's special

    Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes seven properties consisting of a mix of multi-family and single-family homes, totaling 13 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers seeking a solid, diversified entry into the market. Included in this portfolio are 201 N 18th St (3-unit), 206 S 13th St (2-unit), 305 S 8th St (single-family), 753-755 Garden Ave (2-unit), 125 N 3rd St (2-unit), 217 King St (2-unit), and 116 S 9th St (single-family). These properties are located in strong rental demand areas, ensuring a steady stream of income. With a combination of multi-family and single-family units, this portfolio offers a diverse investment strategy, reducing risk while maximizing potential returns. Priced at $599,000, this investment presents a great cap rate opportunity with room for increased cash flow through strategic management. The Olean rental market remains strong and stable, making this an attractive long-term investment. Don’t miss out on this turnkey portfolio
    43 days
    on Zillow
    |
    173
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 19, 2025 at 06:17am

    Listing by:

    Howard Hanna Professionals 716-372-1155,

    Regis Handley 716-307-9256

    Source: NYSAMLSs,MLS#: R1591964MLS LogoOriginating MLS: Chautauqua-Cattaraugus
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 201 N 18th St.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Electric, Baseboard
    Appliances
    • Included: Electric Water Heater
    Features
    • Flooring: Hardwood, Varies
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 1,342
    • Total interior livable area: 1,342 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Two or More Spaces
    • Garage spaces: 1
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 4,199.18 Square Feet
    • Dimensions: 40 x 105
    • Features: Rectangular, Residential Lot
    Details
    • Parcel number: 04120009405500020200000000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    Condition
    • Resale
    • Year built: 1985

    Utilities & green energy

    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Location
    • Region: Olean

    Financial & listing details

    • Price per square foot: $446/sqft
    • Tax assessed value: $75,000
    • Annual tax amount: $4,013
    • Date on market: 3/13/2025
    • Listing terms: Cash,Conventional
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