17-Unit Apartment
For Sale
Contact for pricing
Pending
113 S 6th 521 Second Ave 316 N 5th St 203 N Clinton Street, Olean, NY 14760
Fully occupied multifamily holdings include remodeled buildings and a mix of one-, two-, and three-bedroom apartments.
Property SizeContact for details
Days on Market143
Property Features for 113 S 6th 521 Second Ave 316 N 5th St 203 N Clinton Street
General Information
Standard status
Pending
Property subtype
Multifamily, Special Purpose
Occupancy
100%
Units
Unit Mix
6 x 1BR, 5 x 2BR, 6 x 3BR
Multifamily Units
17
Additional Details
Cap Rate
12.3%
Building Details
Buildings
4
Tenancy
Multi
Listing Agency:
Howard Hanna Professionals
(716) 378-7039
Listed By:
Paul Pezzimenti · License #NY 10401272385
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 5:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Professionals
Investment Insights
Based on property information with market context.
This 17-unit apartment portfolio combines four properties in Olean, New York, with a range of residential layouts. The holdings include a fully remodeled four-unit building at 203-205 N Clinton Street, a fully remodeled seven-unit property at 113 S 6th Street with five one-bedroom apartments, two two-bedroom apartments, and a garage, a four-unit building at 521 Second Ave, and a duplex at 316 N 5th Street with three bedrooms in each unit.
The portfolio was fully occupied at the time of listing, with tenants paying rent across the properties. The offering carries a reported 12.3% CAP RATE and includes Tax Map IDs 94.050-1-31, 94.056-8-21, 94.064-13-40, 94.064-13-41, and 94.065-7-8.
The portfolio was fully occupied at the time of listing, with tenants paying rent across the properties. The offering carries a reported 12.3% CAP RATE and includes Tax Map IDs 94.050-1-31, 94.056-8-21, 94.064-13-40, 94.064-13-41, and 94.065-7-8.
Key Highlights
- 17‑unit portfolio across four Olean, NY apartment properties
- Reported 12.3% CAP RATE
- Fully occupied at listing with all tenants paying rent
Property Analytics
Current Use
Lease Details
17
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 14760, NY
18,031
Population
8,917
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
277
Density / Sq Mi
$52,569
Median Household Income
$35,754
Median Earnings
$777
Median Rent
$99,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily holdings include remodeled buildings and a mix of one-, two-, and three-bedroom apartments.
Where is this apartment building located?
The property is located at 113 S 6th 521 Second Ave 316 N 5th St 203 N Clinton Street Olean, NY.
What are key features of this property?
This property features: 17‑unit portfolio across four Olean, NY apartment properties; Reported 12.3% CAP RATE; Fully occupied at listing with all tenants paying rent
