2840-2850 McDuffy Road Olean, NY $ 349,900
2840-2850 McDuffy Road
$ 349,900
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2840-2850 McDuffy Road

Olean, NY, 14760
$ 349,900
Bedrooms1 Baths10.0 Sq 4,800

Monthly Estimate*

$ 2,417

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Multi-Family Home for sale in Olean, NY

for $349,900 with 1 bedroom and 10 full baths. This 4,800 square foot home was built in 1970 on a lot size of 3.73.

Positioned on 3.73 acres, 2840–2850 McDuffy Road presents a compelling opportunity to acquire a fully rented, professionally managed residential investment featuring an apartment complex and a single-family home. Generating more than $7,500 in monthly rental revenue, this turnkey operation reflects the owners’ substantial efforts to improve the property and establish a reputable apartment community. Management by On Point Property Management provides established operational support, while numerous capital improvements strengthen the property’s appeal. Updates include various remodeled studio units, all-new appliances in the studio units, a newer hot water system, a Health Department-approved water treatment system, and landlord-controlled thermostats. The single-family home and garage feature new roofs, and the apartment building’s roof is less than 10 years old. Common coin-operated laundry adds convenience for residents and an additional potential revenue source for ownership. With full occupancy, established rental income, and meaningful improvements already completed, this offering deserves serious consideration from investors seeking to expand their residential portfolio. Financial records are available upon request for review of income, expenses, and operating performance. The single-family home and apartment complex must be purchased together, providing one cohesive investment opportunity with established management and income in place. Current rents are as follows: Unit #1: $800/month. Unit #2: $700/month. Unit #3: $850/month. Unit #4: $700/month. Unit #5: $700/month. Unit #6: $800/month. Unit #7: $700/month. Unit #8: $600/month. Unit #9: $700/month. Single Family Home (2840 McDuffy Road): $1,000/month plus utilities. Taxes and assessed value include both properties.

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Multi-Family Active

Price

$ 349,900

Bedrooms

1

Full Bath

10

Property Type

Multi-Family

Taxes

$ 11,177

Style

Lot Size

3.73

Year Built

1970

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

B1719487

Features
General
Sewer SepticTank
Heating Gas Baseboard ForcedAir HotWater
Utilities CableAvailable ElectricityConnected HighSpeedInternetAvailable
Possession CloseOfEscrow SubjectToTenantRights
Roof Metal
Appliances ElectricOven ElectricRange GasWaterHeater Refrigerator
Garage Spaces 0.0
Construction Materials VinylSiding
School District Olean
Year Built 1970
Electric CircuitBreakers
Stories Count 1
Township Not Applicable
Levels One
Property Subtype Other
Community Features None
Additional Parcels Description 103.003-2-68.2
County Cattaraugus
Property Type MultiFamily
Garage Y/N No
Rent Includes AllUtilities Electricity Parking CableTv Water
Status Active
Directions Google Maps: 2850 McDuffy (Macduffy) Road Olean NY 14760
City Olean
Senior Community Y/N No
High School District Olean
Number Of Units Total 10
MLS Area Olean- Town-046600
Lot Size Units Acres
Year Built Details Existing
Tax Annual Amount 11177.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 183000
TaxOtherAnnualAssessmentAmount 0.0
Property Sub Type Additional Other
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Interior
Basement None
Flooring Carpet Laminate Varies Vinyl
Total Fireplaces 0
Total Stories 1
Basement (Y/N) No
Heating Y/N Yes
Fireplace Y/N No
Laundry Features CommonArea
Total Bedrooms 1
Main Level Bathrooms 0
Total Baths 0
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Exterior
Exterior Amenities GravelDriveway
Parking Features OneSpace Driveway Garage NoGarage
Lot Features Rectangular RectangularLot
Water Source Well
Lot Size Area 3.73
Building Area Total 4800.0
Lot Size Acres 3.73
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 2840
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* Excluded Features
List By
Re/Max On Point

Broker

(716) 244-8924

Phone

Affordability Calculator

$3,348
Per Month
72%
28%
0%
Monthly Principal & Interest
$2,417
Monthly Property Taxes
$931
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3038230 Elementary School
3038160 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/5/2026$349,900 Listed Price

Map


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2840-2850 McDuffy Road, Olean, NY, 14760 is a Multi-Family Home for sale at $349,900 with 4,800 sqft and a lot size of 3.73. 2840-2850 McDuffy Road has 1 bedrooms, 10.0 baths, and was built in 1970. The property's zip code is 14760 which is in Olean, NY