314 N 2nd Street
Olean, NY 14760
5
Bed
0
Bath
5,700Sqft
0.24Acre(Lot)
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 b
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Room Information
Has Basement: Yes Basement: Dirt Floor -
Flooring Information
Carpet, Laminate, Varies, Vinyl -
Roofing Information
Metal -
Interior Features
Roof: Metal Appliances: Gas Water Heater, Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Electric, Baseboard, Forced Air, Natural Gas
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Building Information
Year Built: 1900 Building Area Total: 5700 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 100X104 Main Square Feet: 0.2388 Acres Lot Size Acres: 0.2388 Lot Size Square Feet: 10400 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $130000 Original Price: $139500 Cash, Conventional
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Tax Information
Parcel Number: 041200-094-057-0005-016-000-0000 Tax Lot: 16 Annual Tax: $5052
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Parking Information
Parking Total: 3 No Garage, Paved
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Utility Information
Sewer Connected, Water Connected -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 308 N Clark Street, Olean, NY, 14760 | $89,900 | 3 | 1 | 1,256 | 1,256 SqFt |
| 1065 Kingston Drive, Olean, NY, 14760 | $369,900 | 3 | 3 | 3,035 | 3,035 SqFt |
| 536 King Street, Olean, NY, 14760 | $64,900 | 4 | 2 | 2,004 | 2,004 SqFt |
| 760 Genesee Street, Olean, NY, 14760 | $284,900 | 5 | 2 | 3,458 | 3,458 SqFt |
| 372 Hamilton Avenue, Olean, NY, 14760 | $249,900 | 2 | 2 | 1,108 | 1,108 SqFt |
| 335 E Riverside Drive, Olean, NY, 14760 | $214,999 | 3 | 1 | 1,484 | 1,484 SqFt |
| 521 E Spring Street, Olean, NY, 14760 | $169,900 | 3 | 1 | 1,188 | 1,188 SqFt |
| 422 York Street, Olean, NY, 14760 | $324,900 | 4 | 3 | 2,934 | 2,934 SqFt |
| 413 4th Avenue, Olean, NY, 14760 | $144,900 | 3 | 1 | 1,127 | 1,127 SqFt |
| 330 Laurel Avenue, Olean, NY, 14760 | $185,000 | 4 | 3 | 2,513 | 2,513 SqFt |
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ByOwner last updated this listing 06/04/2026 @ 19:31
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