$599,000

201 N 18th St Olean-City, NY 14760

$7,113
Closing credit¹
3 beds
3 full
1,342 sqft
0.10 acres
$446 / sqft
Multi-Family

Property details

About 201 N 18th 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
HeatingElectric, Baseboard
StatusActive
Size1,342 sqft
BasementYes
Lot size0.0964 Acres
Year built1985
ParkingTwo or More Spaces
MLS #R1591964
Garage1 space

Summary

  • MLS Number: R1591964
  • 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
harmless.

© 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.

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view of front of property

$599,000

201 N 18th 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

0.1 mi

1626 Washington St

3

East View Elementary School

Public District PK-3

1.9 mi

690 E Spring St

7

Allegany-Limestone Elementary School

Public District PK-5

2.3 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 $54,750. Typical income of Olean-City, NY residents is less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

44%
<35k
28%
35k-100k
27%
100k-200k
1%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

44%
Single, No Kids
19%
Single, with Kids
25%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

21%
<11 yrs old
8%
12-17 yrs old
19%
18-34 yrs old
37%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • Extreme SportsExtreme Sports
  • MotocrossMotocross

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • GameStopGameStop

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Little CaesarsLittle Caesars
  • SonicSonic

What do the neighbors drive?

  • RamRam
  • ChevroletChevrolet
  • JeepJeep

What do the neighbors listen to?

  • Classic CountryClassic Country
  • CountryCountry
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 201 N 18th St in Olean-City, NY and zip code 14760. This 1,342 square foot home, which was built in 1985, sits on a 0.10 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $599,000.

While more than 2 listings in Olean-City, NY in February 2025 were sold above asking price, there were more than 4 listings sold at asking price, and more than 11 were sold below. In February 2025 in Olean-City, NY there were 10.5% less homes for sale than in January. While the average time on the market in February 2025 was 27 days, the median list price was $112,000.

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

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