Estimated payment $704/month
Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes five properties, consisting of a mix of multi-family units, totaling 11 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), 753-755 Garden Ave (2-unit), 125 N 3rd St (2-unit), 217 King St (2-unit). 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 $440,000, 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
Listing Agent
Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-307-9256 License #10301215129 Listed on: 03/13/2025
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,356 | $62,400 | $4,200 | $58,200 |
| 2023 | $2,349 | $62,400 | $4,200 | $58,200 |
| 2022 | $2,383 | $62,400 | $4,200 | $58,200 |
| 2021 | $2,491 | $63,400 | $4,200 | $59,200 |
| 2020 | $2,509 | $63,400 | $4,200 | $59,200 |
| 2019 | $952 | $63,400 | $4,200 | $59,200 |
| 2018 | $3,420 | $63,400 | $4,200 | $59,200 |
| 2017 | $2,570 | $63,400 | $4,200 | $59,200 |
| 2016 | $2,542 | $63,400 | $4,200 | $59,200 |
| 2015 | -- | $63,400 | $4,200 | $59,200 |
| 2014 | -- | $63,400 | $4,200 | $59,200 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2025 09/13/25 | Price Changed | $79,900 | -83.1% | $27 / Sq Ft |
| 08/04/2025 08/04/25 | Price Changed | $474,000 | -17.4% | $158 / Sq Ft |
| 07/15/2025 07/15/25 | Price Changed | $574,000 | -4.2% | $191 / Sq Ft |
| 03/13/2025 03/13/25 | For Sale | $599,000 | -- | $200 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $50,000 | None Available | |
| Deed | -- | Daniel A. Derose | |
| Deed | $65,000 | Daniel Palumbo | |
| Interfamily Deed Transfer | -- | -- |
With over a decade of experience in residential, commercial, and multi-family real estate across Western New York and Northern Pennsylvania, I bring deep market knowledge, strong negotiation skills, and a hands-on approach to every transaction. Whether you're buying your first home, selling an investment property, or relocating your business, I provide personalized service and clear communication every step of the way. Backed by Howard Hanna and a strong local network, I'm committed to getting
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Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1592434
APN: 041200-094-065-0011-012-000-0000
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