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
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
- 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#: R1592359
Originating MLS: Chautauqua-Cattaraugus

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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