314 N 2nd St Olean, NY 14760

Building Details

Year Built

1900

Listing office d***@gmail.com Show Phone

Listing date Mar 23, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This offering presents an opportunity to acquire two multi-family properties, comprising a total of eight units, to be sold together. The properties offer immediate income potential with prospects for growth through future rent adjustments, as current rents are below market rates. Many units feature separate layouts, providing flexibility for tenants. Recent updates include a metal roof on one building that is less than one year old, and a roof on the other building that is approximately five years old. There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential. This is an 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.

Key Highlights

• 8 Units Totaling $279,000 (Approximately $35,000 Per Unit)
• Strong Cash Flow Potential with Below Market Rents
• Two Vacant, Renovated Units Ready for Immediate Occupancy

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FAQs

What type of property is this?

Apartment building - Two multifamily properties totaling eight units, strong cash flow potential.

Where is this apartment building located?

The property is located at 314 N 2nd St Olean, NY.

What is the asking price?

The asking price for this property is $130,000.

What are key features of this property?

This property features: 8 Units Totaling $279,000 (Approximately $35,000 Per Unit); Strong Cash Flow Potential with Below Market Rents; Two Vacant, Renovated Units Ready for Immediate Occupancy