314 N 2Nd St Olean, NY 14760
8-Unit Investment Opportunity! Strong Cash Flow Potential! Rare opportunity to purchase two multi-family properties totaling 8 units, to be sold together for $279,000 (approximately $35,000 per unit). The properties offer immediate 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: Metal roof (314) less than 1 year old Roof (316) approximately 5 years old There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential. 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 (see MLS #R1667915 for additional property). bikeScore: 67, Bikeable walkScore: 75, Very Walkable
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.