326 Tompkins Street
Olean, NY, 14760 $ 850,000
Bedrooms-- Baths-- Sq 5,235 Monthly Estimate*
$ 5,234
for $850,000. This 5,235 square foot building was built in 1900 on a lot size of 0.1483.
Attention investors!!!!! This is the kind of opportunity that doesn’t come around often. This impressive portfolio features 10 buildings with a total of 29 residential units, offering a strong and consistent income stream with potential gross rents approaching $300,000 annually. The unit mix provides built-in stability and flexibility, with a combination of 6-month leases, long-term tenants, and month-to-month occupants, allowing a new owner to optimize rents over time while maintaining immediate cash flow. A comprehensive package of rental riders and documentation is available, making due diligence seamless. The portfolio boasts a low turnover rate, reflecting tenant satisfaction and steady occupancy, while the properties have been well-maintained overall, with select units offering value-add potential through minor updates—an ideal scenario for increasing rents and maximizing return on investment. Conveniently located within the city, these properties are all in close proximity to employment opportunities, schools, churches, and shopping, making them highly desirable to tenants and easy to manage. Whether you’re looking to expand your existing portfolio or step into a high-performing investment, this is your chance to take control, build equity, and truly be your own boss with a scalable, income-producing asset. Rental Riders available for qualified buyers. Addresses include: 326 Tompkins St (6 unit) 112 N. 3rd (2 Unit), 230 N. 8th (4 unit), 537 Queen 2 unit), 1315-1317 Reed (3 unit), 308 S (2 unit), 661 S. Union (2 Unit), 1312 Walnut (2 unit), 602 Washington (2 unit), 710 W Sullivan (4 unit)
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FeaturesGeneralSewer PublicSewer
Heating Other SeeRemarks
Cooling Other SeeRemarks
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Other SeeRemarks
Zoning Residentia
Construction Materials Other
School District Olean
Year Built 1900
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Business
County Cattaraugus
Property Type CommercialSale
Possible Use Other Residential
Status Active
City Olean
High School District Olean
Zoning Description Residential Multi Use
Number Of Units Total 0
MLS Area Olean-City-041200
Lot Size Units Acres
Lot Size Square Feet 6460.0
Elementary School East View Elementary
Year Built Details Existing
Tax Annual Amount 0.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 75000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 9
Property Sub Type Additional Business Apartment
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InteriorTotal Fireplaces 0
Total Stories 2
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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ExteriorLot Features Rectangular RectangularLot
Water Source Public
Total Parking 2.0
Inclusions Land and Building
Lot Size Area 0.1483
Number of Buildings 10
Building Area Total 5235.0
Lot Dimensions 48X133
Lot Size Acres 0.1483
Waterfront Y/N No
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* Excluded FeaturesList ByExp-Premier Listings TeamBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,234
- Monthly Property Taxes
- --
- 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.
Learn more about how to save NearbyCommerical listings in Olean, NY
Average List Price $349,133
Percent of Sale Price 59%
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.
3323494 Elementary School
3218948 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/20/2026 | $850,000 | | Listed Price |