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
For sale
$599,000
217 King St, Olean, NY 14760
2beds
2,196sqft
Multi Family
Built in 1895
-- sqft lot
$-- Zestimate®
$273/sqft
$-- HOA
What's special
- 43 days
- on Zillow |
- 132 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: March 16, 2025 at 07:43am
Listing by:
Howard Hanna Professionals 716-372-1155,
Regis Handley 716-307-9256
Source: NYSAMLSs,MLS#: R1592435
Originating MLS: Chautauqua-Cattaraugus

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,196
- Total interior livable area: 2,196 sqft
Property
Parking
- Parking features: Paved
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,398.37 Square Feet
- Dimensions: 70 x 120
- Features: Rectangular, Residential Lot
Details
- Parcel number: 04120009406700070100000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Composite Siding
Condition
- Resale
- Year built: 1895
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: $273/sqft
- Tax assessed value: $35,000
- Annual tax amount: $1,872
- Date on market: 3/13/2025
- Listing terms: Cash,Conventional
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