114 E Green Street
Olean, NY, 14760 $ 120,000
Bedrooms2 Baths2.0 Sq 1,830 Monthly Estimate*
$ 829
for $120,000 with 2 bedrooms and 2 full baths. This 1,830 square foot home was built in 1920 on a lot size of 0.2094.
Phenomenal turnkey investment opportunity in Western New York! This highly efficient, institutional-grade residential portfolio features 7 tightly clustered assets strategically located on East Green Street and adjacent Edwards Court. Offering immediate scale and high cash-flow velocity, the package delivers a stellar 16.89% Package Cap Rate based on 2026 full-year projections. For private buyers or expanding syndicates, this is a rare chance to capture an immediate, dominant local footprint with streamlined operations from day one. By securing a high-performing real estate engine in a single transaction, investors bypass years of slow, piecemeal portfolio assembly. While the seller prefers a bulk portfolio sale to maximize buyer value, individual home buyers or localized investors have the unique flexibility to acquire these properties separately. Enjoy streamlined property management and immediate operational stability with a strong 86.67% blended occupancy rate across a strong mix of multi-family layouts and classic residential structures. The portfolio includes 114 East Green St ($120k, 16.02% Cap), 116 East Green St ($120k, 17.15% Cap), 118 East Green St ($140k, 19.17% Cap), 120 East Green St ($110k, 16.28% Cap), 1 Edwards Ct ($100k, 15.02% Cap), 2 Edwards Ct ($100k, 10.23% Cap), and 9 Edwards Ct (Lot, $5k). While individual assets can be acquired at a $695,000 aggregate, the seller is offering a built-in $45,000 bulk package discount, dropping the total price to a highly competitive $650,000. Tenants enjoy premier walkability to the bustling North Union Street commercial district, public transit, local staple Ried's Food Barn, and Four Mile Brewing. Highly accessible to neighborhood amenities like Lincoln Park, the Olean Public Library, and premier dining spots like Beef-N-Barrel and Eatery, this location ensures historically low vacancy. Significant upside remains in the Edwards Court units. Act fast to secure a massive local footprint in a single transaction! Ask your realtor for financial statement/projections.
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FeaturesGeneralSewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow Closing
Roof Architectural Shingle
Appliances GasWaterHeater
Garage Spaces 2.0
Architectural Style Duplex
Construction Materials AtticCrawlHatchwaysInsulated WoodSiding
School District Olean
Year Built 1920
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
County Cattaraugus
Property Type Residential
Garage Y/N Yes
Rent Includes Parking SnowRemoval TrashCollection Water
Full Baths 2
Status Active
City Olean
Senior Community Y/N No
High School District Olean
Zoning Description Residential Multi Use
Number Of Units Total 2
MLS Area Olean-City-041200
Lot Size Units Acres
Lot Size Square Feet 9120.0
Year Built Details Existing
Tax Annual Amount 2422.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 34500
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 6
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InteriorBasement Full
Flooring Carpet Hardwood Tile Varies
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 2
Main Level Bathrooms 0
Total Baths 2
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ExteriorParking Features TwoOrMoreSpaces Garage
Lot Features Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.2094
Building Area Total 1830.0
Lot Dimensions 38X240
Lot Size Acres 0.2094
Waterfront Y/N No
Number of Separate Gas Meters 3
Number of Separate Electric Meters 2
Road Frontage Type CityStreet MainThoroughfare
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $829
- Monthly Property Taxes
- $202
- 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.
Learn more about how to save NearbyMulti-family listings in Olean, NY
Average List Price $148,937
Percent of Sale Price 24%
About Olean, NY 18,368 Population
-9% Since 2002
$ 45,156 Median Income
40.82 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
3219381 Elementary School
3218948 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/24/2026 | $120,000 | | Listed Price |