118 E Green Street Olean, NY $ 140,000
118 E Green Street
$ 140,000
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118 E Green Street

Olean, NY, 14760
$ 140,000
Bedrooms2 Baths2.0 Sq 2,044

Monthly Estimate*

$ 967

118 E Green Street, Olean, NY 14760 - Image 1
118 E Green Street, Olean, NY 14760 - Image 2
118 E Green Street, Olean, NY 14760 - Image 3
118 E Green Street, Olean, NY 14760 - Image 4

Multi-Family Home for sale in Olean, NY

for $140,000 with 2 bedrooms and 2 full baths. This 2,044 square foot home was built in 1915 on a lot size of 0.0348.

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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Multi-Family Active

Price

$ 140,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,713

Style

MultiFamily

Lot Size

0.0348

Year Built

1915

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1724730

Features
General
Sewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow Closing
Roof Asphalt
Appliances GasWaterHeater
Garage Spaces 0.0
Construction Materials AtticCrawlHatchwaysInsulated VinylSiding
School District Olean
Year Built 1915
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
County Cattaraugus
Property Type Residential
Rent Includes Gardener SnowRemoval TrashCollection Water
Full Baths 2
Status Active
City Olean
Senior Community Y/N No
High School District Olean
Zoning Description Residential 2 Unit
Number Of Units Total 2
MLS Area Olean-City-041200
Lot Size Units Acres
Lot Size Square Feet 1514.0
Year Built Details Existing
Tax Annual Amount 1713.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 29000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 10
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Interior
Basement 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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Exterior
Parking Features OnStreet
Lot Features Rectangular RectangularLot
Water Source Connected Public
Lot Size Area 0.0348
Building Area Total 2044.0
Lot Dimensions 20X75
Lot Size Acres 0.0348
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 1 118
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* Excluded Features
List By
Myoungjin Joo

Broker

(585) 203-6393

Phone

Affordability Calculator

$1,110
Per Month
87%
13%
0%
Monthly Principal & Interest
$967
Monthly Property Taxes
$143
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
3219381 Elementary School
3218948 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/24/2026$140,000 Listed Price

Map


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118 E Green Street, Olean, NY, 14760 is a Multi-Family Home for sale at $140,000 with 2,044 sqft and a lot size of 0.0348. 118 E Green Street has 2 bedrooms, 2.0 baths, and was built in 1915. The property's zip code is 14760 which is in Olean, NY