$2,126 Closing Credit¹
#R1587180, Claudia Attard-Keary, Listing Office: Premier Listings Real Estate
$599,000 List price
217 King St Olean-City, NY 14760
$7,113
Closing credit¹
2 beds
2 full
2,196 sqft
0.2 acres
$273 / sqft
Multi-Family
Property details
About 217 King 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
Size2,196 sqft
BasementYes
Lot size0.1928 Acres
Year built1895
ParkingPaved
MLS #R1592435
Summary
- MLS Number: R1592435
- 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, 6:20:50 PM 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
217 King St
$7,113
closing credit¹
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0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
3
East View Elementary School
Public District PK-3
0.4 mi
•690 E Spring St
4
Washington West Elementary School
Public District PK-3
2.0 mi
•1626 Washington St
7
Allegany-Limestone Elementary School
Public District PK-5
4.3 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 $73,242. Most Olean-City, NY residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
16%
<35k
55%
35k-100k
29%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
4%
Single, with Kids
32%
Married, No Kids
21%
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
18%
18-34 yrs old
41%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
NASCAR
College Football
Motocross
Where do the neighbors shop?
Dollar General
Express/Express For Men
Best Buy
Where do the neighbors go to eat?
Cracker Barrel
Sonic
Texas Roadhouse
What do the neighbors drive?
Ram
Kia
Jeep
What do the neighbors listen to?
Classic Country
New Country
Contemporary Christian
All data provided by Home Junction and Claritas
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This home is located at 217 King St in Olean-City, NY and zip code 14760. This 2,196 square foot home, which was built in 1895, sits on a 0.19 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $599,000.
In February 2025 more than 2 listings in Olean-City, NY were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 11 were sold below. In February 2025 in Olean-City, NY there were 10.5% less homes for sale than in January. The median list price of listings available in February 2025 was $112,000, while the average time on the real estate market was 27 days.
From Rocket Homes Real Estate and based on county public records data.