$574,000
About this home
Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes seven properties, consisting of a mix of multi-family units, totaling 11 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers seeking a solid, diversified entry into the market. Included in this portfolio are 201 N 18th St (3-unit), 206 S 13th St (2-unit), 753-755 Garden Ave (2-unit), 125 N 3rd St (2-unit), and 217 King St (2-unit). These properties are located in strong rental demand areas, ensuring a steady stream of income. With a combination of multi-family and single-family units, this portfolio offers a diverse investment strategy, reducing risk while maximizing potential returns. Priced at $474, 000, this investment presents a great cap rate opportunity with room for increased cash flow through strategic management. The Olean rental market remains strong and stable, making this an attractive long-term investment. Don’t miss out on this turnkey portfolio
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.
- Real estate (PITI + HOA + PMI)
- $4,799
- Utilities
- $1,107
- Transportation
- $0
- Other (entertainment)
- $133
Quick facts
At a glance
Home features
Lot features
Rectangular, RectangularLot, ResidentialLot
Neighborhood — 14760
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 18,732 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -14.00% | 8.00% | 20.00% |
| Population Density | 294 | 395 | — |
| Male | 8,861 | 9,381,926 | 147,432,321 |
| Female | 9,871 | 9,969,168 | 151,655,844 |
| Never Married | 4,428 | 4,946,391 | 63,775,926 |
| Married | 7,258 | 7,166,701 | 123,120,365 |
| Separated | 1,026 | 1,159,673 | 12,639,686 |
| Widowed | 1,367 | 1,110,245 | 15,467,586 |
| Divorced | 1,465 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 7,099 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.44 | 2.64 | 2.60 |
| Medial Age | 37.05 | 36.53 | 35.46 |
| Median House Hold Income | $35,386 | $49,847 | $48,276 |
| Average House Hold Income | $46,879 | $70,032 | $63,629 |
| P C I | $18,889 | $26,569 | $24,529 |
| M D I | $31,259 | $42,210 | $41,133 |
| A T H E | $41,723 | $54,185 | $50,898 |
| S T R | 8.00% | 4.00% | — |
| W C J | 84.88% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 3/13/2025. Provided courtesy of Howard Hanna Professionals - Olean via Buffalo MLS. Information deemed reliable but not guaranteed.