314 N 2nd Street, Olean, NY 14760

Local realty services provided by:CENTURY 21 Galloway Realty
314 N 2nd Street,Olean, NY 14760
$156,000
  • 5 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: deon gayton
Office: exp-premier listings team
MLS#:R1667935
Source:NY_GENRIS

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Price summary

  • Price:$156,000

About this home

8-Unit Investment Opportunity! Strong Cash Flow Potential! Rare opportunity to purchase two multi-family properties totaling 8 units, to be sold together for $279,000 (approximately $35,000 per unit). The properties offer immediate income potential with room for growth. Current rents are below market, providing an opportunity for increased returns with future adjustments. Many units feature separate layouts, offering flexibility for tenants. The properties have seen numerous updates, including: Metal roof (314) less than 1 year old Roof (316) approximately 5 years old There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential. Ideal opportunity for investors looking to expand their portfolio or for buyers seeking to offset living expenses by occupying one unit. Properties must be sold together (see MLS #R1667915 for additional property).

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Home facts

  • Year built:1900
  • Listing ID #:R1667935
  • Added:132 day(s) ago
  • Updated:July 30, 2026 at 06:39 AM

Rooms and interior

  • Bedrooms:5
  • Flooring:Carpet, Laminate, Varies, Vinyl
  • Basement:Yes

Heating and cooling

  • Heating:Baseboard, Electric, Forced Air, Gas

Structure and exterior

  • Roof:Metal
  • Year built:1900
  • Lot Features:Rectangular, Residential Lot
  • Construction Materials:Vinyl Siding
  • Levels:2 Stories

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$156,000
  • Tax amount:$5,052

Parking

  • Parking description:No Garage