#R1561439, John J. Dwaileebe, Listing Office: Howard Hanna Professionals
125 N 3rd St Olean-City, NY 14760
Property details
About 125 N 3rd St
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 and single-family homes, totaling 13 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), 305 S 8th St (single-family), 753-755 Garden Ave (2-unit), 125 N 3rd St (2-unit), 217 King St (2-unit), and 116 S 9th St (single-family). 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 $599,000, 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
Highlights
Summary
- MLS Number: R1592434
- MLS Name: NYS
- Office Name: Howard Hanna Professionals
- Office Phone: (716) 307-9256
- Listing Agent: Regis Handley
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Last updated on: 3/14/2025, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$599,000
125 N 3rd St
$7,113
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Washington West Elementary School
Public District PK-3
0.8 mi
•1626 Washington St
3
East View Elementary School
Public District PK-3
1.0 mi
•690 E Spring St
7
Allegany-Limestone Elementary School
Public District PK-5
3.2 mi
•120 Maple Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,469. Most Olean-City, NY residents have annual incomes less than $<35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
Similar homes for sale
This home is located at 125 N 3rd St in Olean-City, NY and zip code 14760. This 3,001 square foot home, which was built in 1910, sits on a 0.16 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $599,000.
In February 2025, from all listings sold in Olean-City, NY there were more than 2 sold above asking price, over 11 sold below and more than 4 were sold right at the asked price. Between January and February 2025, Olean-City, NY real estate market has seen decrease in the number of listings by 10.5%. In February 2025, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $112,000.