$139,500

316 N 2nd St Olean, NY 14760

Estimated payment $931/month

Total Views 1,371
4 Beds
3 Baths
2,033 Sq Ft
$69 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Carpet
  • 1-Story Property
  • Rectangular Lot

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 #R1667935 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

  • $2,218

Year Built

  • Built in 1917

Lot Details

  • 8,112 Sq Ft Lot
  • Lot Dimensions are 78x104
  • Rectangular Lot

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Stone

Interior Spaces

  • 2,033 Sq Ft Home
  • 1-Story Property
  • Dirt Floor

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

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

Community Details

  • 3 Units
  • 3 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 041200-094-057-0005-015-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,218

Year Built

Built in 1917

Lot Details

8,112 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Hot Water, Snow Removal, Water
  • Year Built: 1917
  • Attribution Contact: 716-790-2852
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Carpet, Laminate, Varies, Vinyl
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Dirt Floor
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 1

Exterior Features

  • Acres: 0.1862
  • Waterfront: No
  • Construction Type: Brick, Stone, Vinyl Siding

Garage/Parking

  • Parking Features: Paved, Two or More Spaces

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: 041200-094-057-0005-015-000-0000
  • Lot Dimensions: 78X104
  • Lot Size Sq Ft: 8112.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 2218.0
  • Tax Lot: 15

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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
2025 $2,498 $39,500 $4,900 $34,600
2024 $2,498 $39,500 $4,900 $34,600
2023 $1,487 $39,500 $4,900 $34,600
2022 $1,509 $39,500 $4,900 $34,600
2021 $1,552 $39,500 $4,900 $34,600
2020 $1,563 $39,500 $4,900 $34,600
2019 $593 $39,500 $4,900 $34,600
2018 $2,131 $39,500 $4,900 $34,600
2017 $1,601 $39,500 $4,900 $34,600
2016 $1,584 $39,500 $4,900 $34,600
2015 -- $39,500 $4,900 $34,600
2014 -- $39,500 $4,900 $34,600
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 -- $69 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1667915

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-057-0005-015-000-0000

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