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37 N 3rd Street

Allegany, NY 14706
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Bed 4

Bed

Bath 2

Bath

SqFt2,048

Sqft

Acres0.17

Acre(Lot)

Side-by-side single-story duplexes don't come along often. Only a few stairs to enter, no shared floors, no neighbors overhead — just two private units, each with its own entrance and its own driveway. That layout is exactly what tenants stay put for, and it's why this property has held long-term renters year after year. At 2,048 square feet, there's real living space here, not the cramped footprint you find in most small multifamily. Both units are single-story, making them appealing to a wide tenant pool. The investor angle: one unit will be delivered vacant at closing, giving you the chance to reset that rent at market from day one. The remaining tenant is long-term, currently at $550 plus utilities, and open to negotiating a new lease. Tenants pay their own utilities, keeping you r operating costs predictable. Recent capital already in place: a portion of the roof was replaced within the last 2–3 years, with the balance approximately 12 years old — meaningful deferred maintenance already handled. Yes, it needs some TLC. That's the opportunity. Cosmetic updates here translate directly into higher rents in a village where quality rentals are genuinely hard to find. Whether you're adding to a portfolio or house-hacking your first property — live in one side, let the other side pay the mortgage — this is the kind of property that rewards a little sweat equity. Sought-after Village of Allegany location. Properties like this rarely hit the open market. Schedule your showing today.

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Detail Ic Property Details

Property Type : Residential

Price : $89,900

AD Id : 89790044

MLS Id : R1708259

Beds : 4

Lot Size : 0.17 Acre

Living Area Size : 2,048

Year Built : 1880

County : Cattaraugus

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Partial
  • Flooring Information

    Carpet, Ceramic Tile, Laminate, Varies, Vinyl
  • Interior Features

    Appliances: Gas Water Heater, Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas

  • Building Information

    Year Built: 1880 Building Area Total: 2048 Stories: 1 Patio And Porch Features: Deck, Porch Private Pool: No

  • Lot Information

    Lot Dimensions: 66X110 Main Square Feet: 0.1667 Acres Lot Size Acres: 0.1667 Lot Size Square Feet: 7260 Lot Description: Rectangular Lot

  • Listing Price Information

    Listing Price: $89900 Cash, Conventional

  • Tax Information

    Parcel Number: 042001-093-043-0004-005-000-0000 Tax Lot: 5 Annual Tax: $2575

  • Parking Information

    Gravel

  • School Information

    Elementary School: Allegany Elementary
    Junior High School: Allegany-Limestone Middle
    Senior High School: Allegany-Limestone High
  • Utility Information

    Cable Available, Sewer Connected, Water Connected
  • Location Information

    Direction: From W Main St turn onto N 3rd St, the property is on the left WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
111 W Main Street, Allegany, NY, 14706 $132,900 7 4 2,856 2,856 SqFt
2715 Five Mile Road, Allegany, NY, 14706 $1,500,000 2 2 20,876 20,876 SqFt
3986 Route 417, Allegany, NY, 14706 $174,900 4 4 2,858 2,858 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.

ByOwner last updated this listing 08/21/2026 @ 22:42

MLS: R1708259 LISTED BY: Paul Pezzimenti, Howard Hanna Professionals - Olean 716-372-1155 SOURCE: Upstate New York Real Estate Information Services (UNYREIS)

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