2715 Five Mile Road Allegany, NY $ 1,500,000
2715 Five Mile Road
$ 1,500,000
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2715 Five Mile Road

Allegany, NY, 14706
$ 1,500,000
Bedrooms2 Baths2.0 Sq 20,876

Monthly Estimate*

$ 9,471

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Multi-Family Home for sale in Allegany, NY

for $1,500,000 with 2 bedrooms and 2 full baths. This 20,876 square foot home was built in 1900 on a lot size of 6.13.

Rarely does a property of this caliber become available! Situated on approximately 6 picturesque acres, this extraordinary multi-use estate offers the perfect combination of luxury living, business opportunities, and income potential. Whether you're an entrepreneur, investor, or looking for a private family compound, the possibilities are endless. The centerpiece is a stunning, completely updated 4,020 sq. ft. home showcasing beautiful natural woodwork and modern finishes throughout. The heart of the home features an incredible 1,000+ sq. ft. open-concept kitchen, formal dining area, two living rooms, and a four-season sunroom, all warmed by three cozy fireplaces. Step outside to a welcoming covered porch, perfect for relaxing or entertaining. Upstairs you'll find four spacious bedrooms, each with generous 4' x 6' closets. The spectacular 550 sq. ft. primary suite boasts 12' cathedral ceilings, a luxurious two-person 4' x 8' walk-in shower, an oversized walk-in closet complete with its own dressing room and built-in bureau, plus the convenience of a second-floor laundry room. A third-floor loft makes an ideal office, studio, or playroom, while the full basement with radiant heated floors and partially finished space offers endless possibilities. Beyond the home, this remarkable estate includes a separate five-station beauty salon, two detached income-producing rental buildings, a large five-bay automotive repair shop, a magnificent two-story timber-frame barn with exceptional craftsmanship, and an additional storage barn. Whether you choose to operate your own businesses, generate multiple rental incomes, expand your investment portfolio, or simply enjoy the privacy and versatility of this incredible property, opportunities like this are exceptionally rare. Luxury, craftsmanship, income potential, and endless possibilities—all in one unforgettable property. For more info and pictures for the entire property, see Mls #R1697031, #R1697048, R1697184

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 10,534

Style

MultiFamily

Lot Size

6.13

Year Built

1900

Town/City

Allegany

County/Region

Cattaraugus

MLS | Web ID

R1697184

Features
Interior
Interior Amenities CathedralCeilings NaturalWoodwork
Basement Full PartiallyFinished
Flooring Carpet LuxuryVinyl Varies
Total Fireplaces 4
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N Yes
Half Baths 0
Total Bedrooms 2
Main Level Bathrooms 0
Total Baths 2
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General
Sewer SepticTank
Heating Gas MultipleHeatingUnits Radiant
Possession CloseOfEscrow
Roof Asphalt Architectural Metal Shingle
Appliances GasWaterHeater
Garage Spaces 5.0
Patio/Porch Features Covered Open Porch Screened
Construction Materials AtticCrawlHatchwaysInsulated BlownInInsulation Other SeeRemarks
School District Allegany-Limestone
Year Built 1900
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
County Cattaraugus
Property Type Residential
Rent Includes AllUtilities
Full Baths 2
Status Active
City Allegany
Senior Community Y/N No
High School District Allegany-Limestone
Zoning Description Residential Multi Use
Number Of Units Total 3
MLS Area Allegany-042089
Lot Size Units Acres
Lot Size Square Feet 385506.0
Year Built Details Existing
Tax Annual Amount 10534.0
Property Condition Resale
Virtual Tour https://tourwizard.net/cp/500f1790/
Standard Status Active
Middle/Junior School District Allegany-Limestone
Elementary School District Allegany-Limestone
Tax Assessed Value 305000
TaxOtherAnnualAssessmentAmount 581.0
Tax Lot 28
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Exterior
Exterior Amenities Porch
Parking Features Gravel Paved TwoOrMoreSpaces Unpaved
Lot Features CornerLot Rectangular RectangularLot
Water Source Well
Lot Size Area 6.13
Foundation Details Block
Building Area Total 20876.0
Lot Dimensions 580X412
Lot Size Acres 6.13
Waterfront Y/N No
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type MainThoroughfare
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Internal Only
Street Number 1 2715
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* Excluded Features
List By
Exp-Premier Listings Team

Broker

(716) 907-7205

Phone

Affordability Calculator

$10,349
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,471
Monthly Property Taxes
$878
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3323961 Elementary School
3323524 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/10/2026$1,500,000 Listed Price

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2715 Five Mile Road, Allegany, NY, 14706 is a Multi-Family Home for sale at $1,500,000 with 20,876 sqft and a lot size of 6.13. 2715 Five Mile Road has 2 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 14706 which is in Allegany, NY