201 N 18th Street
Olean-City, NY 14760
- 3 beds
- 3 baths
- 1,342 sqft
- 4,200 sqft lot
- $446 per sqft
- 1985 build
- – on site
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
Last checked:
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Last updated Mar 13, 2025
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MLS# R1591964 —
The Building
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Year Built:1985
-
Year Built Details:Existing
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Construction Materials:VinylSiding
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Basement:Full
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Basement:true
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Levels:One
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Building Area Total:1342.0
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Building Area Source:PublicRecords
Interior
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Flooring:Hardwood,Varies
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Fireplace:false
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Stories:1
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Stories Total:1
Room Dimensions
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Living Area:1,342 Sqft
Financial & Terms
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Rent Includes:Water
The Property
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Property Type:Residential
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Property Subtype:MultiFamily
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Property Condition:Resale
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Parcel Number:041200-094-055-0002-020-000-0000
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Lot Features:Rectangular,ResidentialLot
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Lot Size Dimensions:40X105
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Lot Size Acres:0.0964
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Lot Size SqFt:4200.0
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Lot Size Area:0.0964
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Lot Size Units:Acres
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Waterfront:false
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Road Frontage Type:CityStreet
Listing Agent
- Contact info:
- Agent phone:
- (716) 307-9256
- Office phone:
- (716) 372-1155
Taxes
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Tax Lot:20
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Tax Annual Amount:4013.0
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Tax Assessed Value:75000
Beds
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Bedrooms Total:3
Baths
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Total Baths:3
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Full Baths:3
Heating & Cooling
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Heating:Electric,Baseboard
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Heating:true
Utilities
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Utilities:SewerConnected,WaterConnected
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Sewer:Connected
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Water Source:Connected,Public
Appliances
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Appliances:ElectricWaterHeater
Schools
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Elementary School District:Olean
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Middle Or Junior School District:Olean
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High School District:Olean
The Community
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Senior Community:false
Parking
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Garage:true
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Garage Spaces:1.0
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Parking Features:TwoOrMoreSpaces
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/13/25
Mar 13, 2025
|
Listed / Active | NYSAMLS | $599,000 |
