Bryan Bennett | Realtor® | The Mosher Team at River Hills Properties

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$574,000
137 Days On Site

125 N 3rd Street
Olean, NY 14760

For Sale|Multi Family|Active
5
Beds
2
Total Baths
2
Full Baths
3,001
SqFt
$191
/SqFt
1910
Built
County:
Cattaraugus
Listing courtesy of Regis Handley of Howard Hanna Professionals - Olean 7163079256
Call Now: 315-612-6683
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315-612-6683
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Monthly Payment (Est.)

$2,619
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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

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Listing Snapshot
Price 
$574,000
Days On Site 
137 Days
Bedrooms 
5
Inside Area (SqFt) 
3,001 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.156 Acres
Year Built 
1910
MLS® Number 
R1592434
Status 
Active
Property Tax 
$3,339
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 weeks agoPrice changed to $574,000
2 weeks agoListing updated with changes from the MLS®
5 months agoListing first seen on site
General Features
Acres 
0.156
Cross Street 
State St
Number Of Stories 
2
Parking 
GravelPaved
Property Sub Type 
Multi Family
Special Circumstances 
Standard
SqFt Total 
3001
Stories 
Two
Utilities 
Sewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
Gas Water HeaterWater Heater
Basement 
Full
Flooring 
HardwoodVaries
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
Aluminum Siding
Lot Features 
Rectangular Lot
Road Frontage 
City Street
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Olean-City-041200
School District 
Olean
Township 
Not Applicable
Schools
School District
Olean
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Regis Handley of Howard Hanna Professionals - Olean 7163079256



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 firms other than are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

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 shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © Last checked: 2025-07-29 12:19 AM UTC CNYIS, UNYREIS, WNYREIS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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