$599,000

125 N 3rd St Olean, NY 14760

Estimated payment $3,615/month

Total Views 2,488
5 Beds
2 Baths
3,001 Sq Ft
$200 Price per Sq Ft

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Rectangular Lot

About This Home

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

Listing Agent

Regis Handley

Listing by Howard Hanna Professionals Brokerage Phone: 716-307-9256 License #10301215129

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,339

Year Built

  • Built in 1910

Lot Details

  • 6,795 Sq Ft Lot
  • Lot Dimensions are 45x151
  • Rectangular Lot

Home Design

  • Aluminum Siding

Interior Spaces

  • 3,001 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • Gravel Driveway
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 041200-094-065-0011-012-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,339

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1910
  • Attribution Contact: 716-307-9256
  • Lot Features: Rectangular, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Hardwood, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.156
  • Waterfront: No
  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: Gravel, Paved

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-065-0011-012-000-0000
  • Lot Dimensions: 45X151
  • Lot Size Sq Ft: 6795.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 3339.0
  • Tax Lot: 12

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

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 $3,962 $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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2025 03/13/25 For Sale $599,000 -- $200 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Deed History

Date Type Sale Price Title Company
Warranty Deed $50,000 None Available
Deed -- Daniel A. Derose
Deed $65,000 Daniel Palumbo
Interfamily Deed Transfer -- --
Source: Public Records

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See All Homes in Olean

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1592434

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-065-0011-012-000-0000

New York Cattaraugus County Olean 14760

125 N 3rd St, Olean, NY

Homes for Sale in Olean, NY

This home is located at 125 N 3rd St, Olean, NY 14760 and is currently priced at $599,000, approximately $199 per square foot. This property was built in 1910. 125 N 3rd St is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and Southern Tier Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Chautauqua-Cattaraugus Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Regis Handley
Listing Agent
Regis Handley
Section Image
Howard Hanna Professionals
(585) 844-8436