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Olean Two-Unit Income Property
For Sale
$35,000

305 Tompkins St, Olean, NY 14760

Two-unit property near Jamestown Community College, ideal for rental income.

Days on Market101

Property Features for 305 Tompkins St

General Information

Standard status Active
Property subtype Multi Family

Building Details

Year Built 1910
Listing Agency: EXP-Premier Listings Team
Listed By: Christine Calbi
Source: Elliman
Added: Apr 21 Changed: Jul 10 Last Checked: Jul 29 at 10:26AM

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 EXP-Premier Listings Team

Investment Insights

Based on property information with market context.

Located in Olean, this two-unit property presents an opportunity for those seeking to expand their portfolio or initiate rental income streams. The property features separate gas, electric, and water utilities, offering convenience and flexibility. Situated just off the parking area of Jamestown Community College, the location enhances accessibility and visibility. The property's price reflects the need for improvements, providing an opportunity to maximize its potential. With updates, it could become a strong income-producing asset. The location is near local amenities, shopping, and dining. The bike score is 67, indicating it is bikeable, and the walk score is 75, indicating it is very walkable.

Key Highlights

  • Two‑unit property ideal for rental income or portfolio expansion
  • Separate gas, electric, and water utilities for each unit
  • Convenient location near Jamestown Community College

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store HVAC Service Daycare Center 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.

Location Intelligence

Trade Area within ½ mile

809
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?
Duplex - Two-unit property near Jamestown Community College, ideal for rental income.
Where is this duplex located?
The property is located at 305 Tompkins St Olean, NY.
What is the asking price?
The asking price for this property is $35,000.
What are key features of this property?
This property features: Two‑unit property ideal for rental income or portfolio expansion; Separate gas, electric, and water utilities for each unit; Convenient location near Jamestown Community College
More about this property
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