$139,500

314 N 2nd St Olean, NY 14760

Estimated payment $1,155/month

5 Beds
-- Bath
5,700 Sq Ft
$24 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Rectangular Lot
  • Carpet
  • Baseboard Heating

About This Home

8-Unit Investment Opportunity! Strong Cash Flow Potential! Rare opportunity to purchase two multi-family properties totaling 8 units, to be sold together for $279,000 (approximately $35,000 per unit). The properties offer immediate income potential with room for growth. Current rents are below market, providing an opportunity for increased returns with future adjustments. Many units feature separate layouts, offering flexibility for tenants. The properties have seen numerous updates, including: Metal roof (314) less than 1 year old Roof (316) approximately 5 years old There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential. Ideal opportunity for investors looking to expand their portfolio or for buyers seeking to offset living expenses by occupying one unit. Properties must be sold together (see MLS #R1667915 for additional property).

Listing Agent

Deon Gayton

Listing by EXP-Premier Listings Team Brokerage Phone: 716-790-2852 License #10401396734 Listed on: 03/19/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,052

Year Built

  • Built in 1900

Lot Details

  • 10,400 Sq Ft Lot
  • Lot Dimensions are 100x104
  • Rectangular Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 5 Bedrooms
  • 5,700 Sq Ft Home
  • 2-Story Property
  • Dirt Floor

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • No Garage
  • Driveway

Utilities

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

Community Details

  • 5 Units
  • 5 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 041200-094-057-0005-016-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,052

Year Built

Built in 1900

Lot Details

10,400 Sq Ft Lot

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Water
  • Year Built: 1900
  • Attribution Contact: 716-790-2852
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Carpet, Laminate, Varies, Vinyl
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built Details: Existing
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Dirt Floor
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.2388
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Blacktop Driveway

Garage/Parking

  • Parking Features: Three or more Spaces, No Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-057-0005-016-000-0000
  • Lot Dimensions: 100X104
  • Lot Size Sq Ft: 10400.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 5052.0
  • Tax Lot: 16

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2026 03/19/26 For Sale $139,500 -- $24 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1667935

Chautauqua-Cattaraugus Board of REALTORS®
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