201 N 18th Street, Olean, NY 14760
- Added:
- Jun 16, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 11:06 pm
Property Features for 201 N 18th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Basement, Bedroom 3
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 041200-094-055-0002-020-000-0000
- Size
- 1,342 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4305
Utilities
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Hardwood, Varies
- Building materials
- VinylSiding
Listing agent Regis Handley License #10301215129 (716) 307-9256
Listing office Howard Hanna Professionals - Olean 410 Wayne Street, Mayville, NY (716) 372-1155
Listing date Jun 16, 2026
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Portfolio package includes five properties in Olean, NY
- Total of 11 rental units across the five properties
- Included addresses: 201 N 18th St (3‑unit), 206 S 13th St (2‑unit), 753‑755 Garden Ave (2‑unit), 125 N 3rd St (2‑unit), 217 King St (2‑unit)
- Public water source available
- Year built listed as 1985
- Electric water heater and electric baseboard heating; vinyl siding exterior
Overview
All properties are located in Olean, New York, within Cattaraugus County. The package structure provides a straightforward consolidation of holdings, with each property contributing to the overall rental unit count while keeping the portfolio diversified across several addresses.
For investors and owner-operators, this configuration can be attractive as a diversified entry point into multi-family residential income. With 11 total units spread across five buildings of two- and three-unit scale, the portfolio may suit buyers who want to manage multiple units while avoiding exposure concentrated in a single property. It is also suited for buyers seeking a turnkey-style acquisition, as characterized in the offering materials, with the ability to review each asset individually within the broader package.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.7k | $10.20 |
| − Vacancy | −$1.4k | −$1.02 |
| EGI | $12.3k | $9.18 |
| − OpEx | −$3.7k | −$2.75 |
| NOI | $8.6k | $6.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.451838
- Latitude
- 42.079969
