Closed

$156,000

314 N 2nd St, Olean, NY 14760

5beds

0baths

5,700sqft

Multi Family

Built in 1900

-- sqft lot

$155,900 Zestimate^®

$27/sqft

$1,900 Estimated rent

Home value

$155,900

$145,000 - $167,000

$1,900/mo

Zestimate^® history

Owner options

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$1,900/mo

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$1,900/mo

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$1,215/mo

Est. payment

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$1,215/mo

Est. payment

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What's special

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).

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 0

Heating

Electric, Gas, Baseboard, Forced Air

Appliances

Included: Gas Water Heater

Features

Flooring: Carpet, Laminate, Varies, Vinyl
Basement: Dirt Floor
Has fireplace: No

Interior area

Total structure area: 5,700
Total interior livable area: 5,700 sqft

Property

Parking

Parking features: Three or more Spaces, No Garage

Features

Levels: Two
Stories: 2
Exterior features: Blacktop Driveway

Lot

Size: 10,402 Square Feet
Dimensions: 100 x 104
Features: Rectangular, Rectangular Lot, Residential Lot

Details

Parcel number: 04120009405700050160000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Metal

Condition

Resale
Year built: 1900

Utilities & green energy

Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: None

Location

Region: Olean

Financial & listing details

Price per square foot: $27/sqft
Tax assessed value: $90,000
Annual tax amount: $5,052
Date on market: 3/19/2026
Cumulative days on market: 32 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
7/9/2026	Sold	$156,000+20%$27/sqft
Source: NYSAMLSs #R1667935 Report a problem
4/20/2026	Pending sale	$130,000$23/sqft
Source: NYSAMLSs #R1667935 Report a problem
4/12/2026	Price change	$130,000-3.3%$23/sqft
Source: NYSAMLSs #R1667935 Report a problem
4/7/2026	Price change	$134,500-3.6%$24/sqft
Source: NYSAMLSs #R1667935 Report a problem
3/19/2026	Listed for sale	$139,500$24/sqft
Source: NYSAMLSs #R1667935 Report a problem