#B1590143, Lisa C Darling, Listing Office: Homestar Realty
201 N 18th St Olean-City, NY 14760
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
Summary
- MLS Number: R1591964
- 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
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.
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.
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.