316 N 2nd Street Olean, NY $ 139,500
316 N 2nd Street
$ 139,500
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316 N 2nd Street

Olean, NY, 14760
$ 139,500
Bedrooms4 Baths3.0 Sq 2,033

Monthly Estimate*

$ 859

316 N 2nd Street, Olean, NY 14760 - Image 1
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Multi-Family Home for sale in Olean, NY

for $139,500 with 4 bedrooms and 3 full baths. This 2,033 square foot home was built in 1917 on a lot size of 0.1862.

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 #R1667935 for additional property).

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Multi-Family Active

Price

$ 139,500

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,218

Style

MultiFamily

Lot Size

0.1862

Year Built

1917

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1667915

Features
General
Sewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession Closing
Appliances GasWaterHeater
Garage Spaces 0.0
Construction Materials Brick Stone VinylSiding
School District Olean
Year Built 1917
Township Not Applicable
Property Subtype MultiFamily
County Cattaraugus
Property Type Residential
Rent Includes HotWater SnowRemoval Water
Full Baths 3
Status Active
City Olean
Senior Community Y/N No
High School District Olean
Number Of Units Total 3
MLS Area Olean-City-041200
Lot Size Units Acres
Lot Size Square Feet 8112.0
Year Built Details Existing
Tax Annual Amount 2218.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 39500
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 15
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Interior
Basement DirtFloor
Flooring Carpet Laminate Varies Vinyl
Total Fireplaces 0
Total Stories 1
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 4
Main Level Bathrooms 0
Total Baths 3
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Exterior
Parking Features Paved TwoOrMoreSpaces
Lot Features Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.1862
Building Area Total 2033.0
Lot Dimensions 78X104
Lot Size Acres 0.1862
Waterfront Y/N No
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Road Frontage Type CityStreet
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Internal Only
Street Number 1 316
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* Excluded Features
List By
Exp-Premier Listings Team

Broker

(716) 790-2852

Phone

Affordability Calculator

$1,044
Per Month
82%
18%
0%
Monthly Principal & Interest
$859
Monthly Property Taxes
$185
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3219381 Elementary School
3218948 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2026$139,500 Listed Price

Map


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316 N 2nd Street, Olean, NY, 14760 is a Multi-Family Home for sale at $139,500 with 2,033 sqft and a lot size of 0.1862. 316 N 2nd Street has 4 bedrooms, 3.0 baths, and was built in 1917. The property's zip code is 14760 which is in Olean, NY