Multifamily Investment Opportunity: Eight
316 N 2nd St, Olean, NY 14760
Two multifamily properties totaling eight units, strong cash flow potential.
Type:Multi Family
Lot size:
0.19 Acres- Added:
- Mar 24, 2026
- Days on Market:
- 60
- Last Refresh:
- Mar 20 at 12:45 pm
Property Features for 316 N 2nd St
General Information
- Standard status
- Active
- Lot size
- 0.19 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1917
Listing agent Deon Gayton
Listing office
Listing date Mar 24, 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 for $279,000 (Approximately $35,000 Per Unit)
- Strong cash flow potential with below‑market rents
- Two vacant, renovated units ready for immediate occupancy
- Newer metal roof (less than 1 year old) on one building
- Opportunity for owner‑occupancy to offset living expenses
- Multiple units feature separate layouts
Overview
This is an opportunity to purchase two multi-family properties, totaling 8 units. The properties are to be sold together. The properties offer income potential with room for growth. Current rents are below market, providing an opportunity for increased returns with future adjustments. Many units feature separate layouts, offering flexibility for tenants. The properties have seen numerous updates, including a metal roof on one property that is less than 1 year old and a roof on the other property that is approximately 5 years old. There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential. This is an ideal 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
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4323184
- Latitude
- 42.0823898
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 316 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 for $279,000 (Approximately $35,000 Per Unit); Strong cash flow potential with below‑market rents; Two vacant, renovated units ready for immediate occupancy
