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$599,000

125 N 3rd St Olean-City, NY 14760

$7,113
Closing credit¹
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5 beds
2 full
3,001 sqft
0.2 acres
$200 / sqft
Multi-Family

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

Home typeMulti Family
HeatingNatural Gas, Forced Air
StatusActive
Size3,001 sqft
BasementYes
Lot size0.156 Acres
Year built1910
ParkingGravel, Paved
MLS #R1592434

Summary

  • MLS Number: R1592434
  • MLS Name: NYS
  • Office Name: Howard Hanna Professionals
  • Office Phone: (716) 307-9256
  • Listing Agent: Regis Handley

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
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© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
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.

Street view

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traditional style home with driveway, covered porch, and a front yard

$599,000

125 N 3rd St

$7,113

closing credit¹

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Seller rebate

0.5% sale price²

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.

All data from GreatSchools

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.

How much money do the neighbors make?

49%
<35k
44%
35k-100k
6%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

63%
Single, No Kids
14%
Single, with Kids
14%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
7%
12-17 yrs old
33%
18-34 yrs old
37%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Pro WrestlingPro Wrestling
  • Figure SkatingFigure Skating
  • College FootballCollege Football

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • KmartKmart
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • Bob EvansBob Evans
  • SonicSonic

What do the neighbors drive?

  • FordFord
  • BuickBuick
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • New CountryNew Country
  • OldiesOldies
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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.

From Rocket Homes Real Estate and based on county public records data.

More resources

More homes for sale in Olean

Housing market reports in Cattaraugus County

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