Backup offers
$1,721 Closing Credit¹
#B1590143, Lisa C Darling, Listing Office: Homestar Realty
$599,000 List price
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
The 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, 10:20:50 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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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
0.1 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. The majority of Olean-City, NY residents have income less than $<35k annually. Most families are single, no kids. Most 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?
NASCAR
Extreme Sports
Motocross
Where do the neighbors shop?
Dollar General
Academy Sports & Outdoors
GameStop
Where do the neighbors go to eat?
Cracker Barrel
Little Caesars
Sonic
What do the neighbors drive?
Ram
Chevrolet
Jeep
What do the neighbors listen to?
Classic Country- Country
Contemporary Inspirational
All data provided by Home Junction and Claritas
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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.
Olean-City, NY housing market in February 2025 saw over 2 listings sold above listed price, more than 4 sold at listed price and over 11 sold below. Between January and February 2025, Olean-City, NY real estate market has seen decrease in the number of listings by 10.5%. 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.