2840-2850 Mcduffy Road, Olean, New York image 1
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2840-2850 Mcduffy Road

Olean, NY 14760
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$349,900 $1,475/Mo
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Bed 1

Bed

Bath 0

Bath

SqFt4,800

Sqft

Acres3.73

Acres(Lot)

Positioned on 3.73 acres, 2840–2850 McDuffy Road presents a compelling opportunity to acquire a fully rented, professionally managed residential investment featuring an apartment complex and a single-family home. Generating more than $7,500 in monthly rental revenue, this turnkey operation reflects the owners’ substantial efforts to improve the property and establish a reputable apartment community. Management by On Point Property Management provides established operational support, while numerous capital improvements strengthen the property’s appeal. Updates include various remodeled studio units, all-new appliances in the studio units, a newer hot water system, a Health Department-approved water treatment system, and landlord-controlled thermostats. The single-family home and garage fea ture new roofs, and the apartment building’s roof is less than 10 years old. Common coin-operated laundry adds convenience for residents and an additional potential revenue source for ownership. With full occupancy, established rental income, and meaningful improvements already completed, this offering deserves serious consideration from investors seeking to expand their residential portfolio. Financial records are available upon request for review of income, expenses, and operating performance. The single-family home and apartment complex must be purchased together, providing one cohesive investment opportunity with established management and income in place. Current rents are as follows: Unit #1: $800/month. Unit #2: $700/month. Unit #3: $850/month. Unit #4: $700/month. Unit #5: $700/month. Unit #6: $800/month. Unit #7: $700/month. Unit #8: $600/month. Unit #9: $700/month. Single Family Home (2840 McDuffy Road): $1,000/month plus utilities. Taxes and assessed value include both properties.

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Detail Ic Property Details

Property Type : Residential Income

Price : $349,900

AD Id : 91671722

MLS Id : B1719487

Beds : 1

Lot Size : 3.73 Acres

Living Area Size : 4,800 Sq. Ft

Tax Amount : $11,177

Year Built : 1970

County : Cattaraugus

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Feature Features

  • Bedroom Information

    Total beds: 1

    Room Information

    Basement: None

  • Flooring Information

    Carpet, Laminate, Varies, Vinyl

  • Roofing Information

    Metal

  • Interior Features

    High Speed Internet Roof: Metal Appliances: Electric Oven, Electric Range, Gas Water Heater, Refrigerator, Water Heater Laundry Features: Common Area

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Baseboard, Forced Air, Hot Water

  • Building Information

    Year Built: 1970 Building Area Total: 4800 Construction Materials: Vinyl Siding Stories: 1 Private Pool: No

  • Lot Information

    Main Square Feet: 3.73 Acres Lot Size Acres: 3.73 Lot Description: Rectangular Lot

  • Listing Price Information

    Listing Price: $349900 Cash, Conventional

  • Tax Information

    Parcel Number: 046600-103-003-0002-067-000-0000 Annual Tax: $11177

  • Parking Information

    Driveway, Garage, No Garage, Gravel

  • Utility Information

    Cable Available, Electricity Connected

  • Location Information

    Direction: Google Maps: 2850 McDuffy (Macduffy) Road, Olean, NY 14760 WaterSource: Private, Well
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
305 Tompkins Street, Olean, NY, 14760 $35,000 5 2 2,256 0.08 Acre
303 E Water Street, Olean, NY, 14760 $129,900 7 4 3,780 0.22 Acre
947 N Union Street, Olean, NY, 14760 $159,900 6 3 3,536 0.12 Acre
207 N 5th Street, Olean, NY, 14760 $45,000 4 2 2,545 0.13 Acre
708 W Green Street, Olean, NY, 14760 $39,000 6 3 2,506 0.15 Acre
813 W Sullivan Street, Olean, NY, 14760 $49,900 3 2 1,368 0.12 Acre
201 N 13th Street, Olean, NY, 14760 $139,999 4 3 2,064 0.08 Acre
1313 Reed Street, Olean, NY, 14760 $59,000 4 2 1,666 0.10 Acre

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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 10/07/2026 @ 02:11

MLS: B1719487 LISTED BY: Ciji VanDyke, RE/MAX On Point 716-373-7325 SOURCE: Western New York Real Estate Information Services (WNYREIS)

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