Multifamily Investment Opportunity: Eight
314 N 2nd St, Olean, NY 14760
Two multifamily properties totaling eight units, strong cash flow potential.
Type:Investment
Lot size:
0.24 Acres- Added:
- Mar 23, 2026
- Days on Market:
- 61
- Last Refresh:
- Mar 20 at 12:45 pm
Property Features for 314 N 2nd St
General Information
- Standard status
- Active
- Lot size
- 0.24 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing agent Deon Gayton
Listing office
Listing date Mar 23, 2026
Source Elliman
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 Deon Gayton
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
- Opportunity for Owner‑Occupancy to Offset Living Expenses
- Metal Roof Less Than 1 Year Old
- Numerous Updates Throughout Properties
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.432252
- Latitude
- 42.0822792
Nearby Similar for Sale
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 $139,500.
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
