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$139,900

Est. payment - /mo

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8 Beds

4 Baths

5,616 SqFt

Active

312 N 3rd ST Olean, NY 14760

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Michael Ablan

mike@marblekey.com +1(315) 286-3256

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Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,616 sqft

Price per Sqft $24

MLS Listing ID R1657969

Style Fourplex

Bedrooms 8

Full Baths 4

Construction Status Existing

HOA Y/N No

Year Built 1910

Annual Tax Amount $4,041

Lot Size 8,250 Sqft

Acres 0.1894

Lot Dimensions 55X150

Property Sub-Type Multi Family

Property Description

Unlock a prime investment opportunity in the heart of the Oak Hill Historic District with this four-unit apartment building located directly across from Olean High School. This property features four spacious two-bedroom units and offers significant upside potential with current rents sitting well below market rates, allowing the next owner to capitalize on immediate value-add opportunities. A standout feature for investors is the fully separate utilities, with individual meters for gas, electricity, and water already in place to minimize owners' expenses. The building has been well-maintained overall, but its older roof presents a clear opportunity for capital improvements that align with potential future rent growth. Tenants will appreciate the convenience of off-street parking and the charm of private outdoor porch areas available with three of the units. The location offers the best of both worlds, situated on a quiet, historic street while remaining highly walkable to the shops, dining, and revitalization of downtown Olean.

Location

State NY

County Cattaraugus

Area Olean-City-041200

Direction From Route 16 turn onto W Sullivan St, turn onto N 3rd, the property is on the right

Rooms

Basement Full

Interior

Interior Features Ceiling Fan(s)

Heating Gas, Forced Air

Flooring Carpet, Hardwood, Laminate, Varies

Fireplace No

Appliance Gas Water Heater

Laundry Washer Hookup

Exterior

Utilities Available Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Asphalt

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 2

Foundation Block, Stone

Sewer Connected

Water Connected, Public

Architectural Style Fourplex

Level or Stories Two

Structure Type Composite Siding,Copper Plumbing,PEX Plumbing

Construction Status Existing

Schools

Elementary Schools Washington West Elementary

Middle Schools Olean Middle

High Schools Olean Senior High

School District Olean

Others

Senior Community No

Tax ID 041200-094-057-0005-009-000-0000

Acceptable Financing Cash, FHA

Listing Terms Cash, FHA

Special Listing Condition Standard

Listed by Howard Hanna Professionals - Olean 716-378-7039

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 5

5

Washington West Elementary School

Public | PK - 3
5

East View Elementary School

Public | PK - 3
3

Olean Intermediate-Middle School

Public | 4 - 7
0

Southern Tier Catholic School

Private | PK - 12
0

Archbishop Walsh High School

Private | PK - 12

Middle Schools 1

5

Olean Senior High School

Public | 8 - 12

School and business data provided by Attom Data.

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Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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312 N 3rd ST Olean, NY 14760

Michael Ablan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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312 N 3rd ST