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For sale
  • $599,000

    305 S 8th St, Olean, NY 14760

    3beds
    1,136sqft
    Single Family Residence
    Built in 1890
    4,865.65 Square Feet Lot
    $-- Zestimate®
    $527/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
    |
    183
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 13, 2025 at 09:35am

    Listing by:

    Howard Hanna Professionals 716-372-1155,

    Regis Handley 716-307-9256

    Source: NYSAMLSs,MLS#: R1592359MLS 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 305 S 8th St.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Gas, Forced Air
    Appliances
    • Included: Appliances Negotiable, Gas Water Heater
    Features
    • Eat-in Kitchen, Other, See Remarks
    • Flooring: Other, See Remarks
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 1,136
    • Total interior livable area: 1,136 sqft

    Property

    Parking
    • Parking features: No Garage
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Concrete Driveway
    Lot
    • Size: 4,865.65 Square Feet
    • Dimensions: 38 x 128
    • Features: Rectangular, Residential Lot
    Details
    • Parcel number: 04120009407200050300000000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Two Story
    • Property subtype: Single Family Residence
    Materials
    • Composite Siding
    • Foundation: Block
    Condition
    • Resale
    • Year built: 1890

    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: $527/sqft
    • Tax assessed value: $40,000
    • Annual tax amount: $2,140
    • Date on market: 3/13/2025
    • Listing terms: Cash,Conventional
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