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Three-Unit Residential Income Property
For Sale
Contact for pricing
Pending

119 S 11th Street, Olean, NY 14760

Triplex offers three-bedroom units with landlord-paid water and current monthly rental income.

Property SizeContact for details
Days on Market131

Property Features for 119 S 11th Street

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 3
Listing Agency: Howard Hanna Professionals
Listed By: Paul Pezzimenti · License #NY 10401272385
Source: Crexi
Added: Apr 12 Changed: Aug 11 Last Checked: Aug 18 at 10:24AM

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 three-unit residential income property includes a house at the front and two apartments. Each unit is currently described as a three-bedroom layout, with the front house potentially convertible to a four-bedroom configuration. The landlord pays for water only.

Current gross monthly income is stated as $800 for the front house and $635 and $595 for Apt. 1 and Apt. 2, respectively.

The property is positioned as an income-producing triplex opportunity with three similar three-bedroom units and one unit noted as potentially offering additional bedroom flexibility.

Key Highlights

  • Triplex with three‑bedroom units: $800 (house out front), $635 (Apt. 1), and $595 (Apt. 2)
  • All three units are three‑bedroom layouts; the front house could be a four‑bedroom
  • Landlord pays for water only

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Electrical Service Locksmith Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex offers three-bedroom units with landlord-paid water and current monthly rental income.
Where is this triplex located?
The property is located at 119 S 11th Street Olean, NY.
What are key features of this property?
This property features: Triplex with three‑bedroom units: $800 (house out front), $635 (Apt. 1), and $595 (Apt. 2); All three units are three‑bedroom layouts; the front house could be a four‑bedroom; Landlord pays for water only
(716) 378-7039 Call to check price and availability
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