$7,113 Closing Credit¹
#R1592440, Regis Handley, Listing Office: Howard Hanna Professionals
$599,000 List price
305 S 8th St Olean-City, NY 14760
$7,113
Closing credit¹
3 beds
1 full
1,136 sqft
0.1 acres
$527 / sqft
House
Property details
About 305 S 8th 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 typeSingle Family Residence
HeatingNatural Gas, Forced Air
StatusActive
CoolingOther
Size1,136 sqft
BasementYes
Lot size0.1117 Acres
Year built1890
ParkingNo Garage
MLS #R1592359
Summary
- Full Bathrooms: 1
- Appliances: Gas Water Heater
- Basement: Yes
- Flooring Type: Other, See Remarks
- Interior: Eat-in Kitchen, Other, See Remarks
- Total Bedroom Count: 3
- Parking: No Garage
- Exterior: Concrete Driveway
- Architectural Style: Two Story
- Heating: Natural Gas, Forced Air
- Cooling: Other
- List Price: $599,000
- Price/SqFt: $527
- Lot: Rectangular Lot
- Year Built: 1890
- Stories: 2
- Living Area: 1,136 SqFt
- Lot Size: 0.1117 Acres
- MLS Number: R1592359
- 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: 5/9/2025, 10:20:28 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
305 S 8th 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
0.7 mi
•1626 Washington St
3
East View Elementary School
Public District PK-3
1.4 mi
•690 E Spring St
7
Allegany-Limestone Elementary School
Public District PK-5
3.0 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 $46,725. Typical income of Olean-City, NY residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
32%
<35k
51%
35k-100k
18%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
41%
Single, No Kids
14%
Single, with Kids
26%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
NASCAR
Motocross
Where do the neighbors shop?
Academy Sports & Outdoors
Dollar General
GameStop
Where do the neighbors go to eat?
Little Caesars
Cracker Barrel
Sonic
What do the neighbors drive?
Chevrolet
Ram
Jeep
What do the neighbors listen to?
Country- Classic Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 305 S 8th St
The listing price of 305 S 8th St property is $599,000.
The property 305 S 8th St is a house located in Olean-City, New York, 14760.
Active Listing: 305 S 8th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 305 S 8th St are: Washington West Elementary School (GreatSchools Rating 4/10), East View Elementary School (GreatSchools Rating 3/10), Allegany-Limestone Elementary School (GreatSchools Rating 7/10), Olean Intermediate-Middle School (GreatSchools Rating 4/10), Floyd C. Fretz Middle School (GreatSchools Rating 5/10), Cuba-Rushford Middle School (GreatSchools Rating 3/10), Olean Senior High School (GreatSchools Rating 3/10), Allegany-Limestone Middle-High School (GreatSchools Rating 5/10), Portville Junior-Senior High School (GreatSchools Rating 8/10).
The property at 305 S 8th St has 3 bedrooms and 1 bathroom.
The property 305 S 8th St is 1,136 SqFt (source: MLS/tax record).
The year of construction for 305 S 8th St is 1890.
This home is located at 305 S 8th St in Olean-City, NY and zip code 14760. This 1,136 square foot home, which was built in 1890, sits on a 0.11 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $599,000.
In April 2025 more than 3 listings in Olean-City, NY were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 8 were sold below. In April 2025 in Olean-City, NY there were 5.2% less homes for sale than in March. While the average time on the market in April 2025 was 50 days, the median list price was $115,000.
From Rocket Homes Real Estate and based on county public records data.