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Stephen Kaminsky
(607) 353-2047 Cell

316 N 2nd Street, Olean, NY 14760

New - 43 Hours Ago

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Property Description

8-Unit Investment Opportunity! Strong Cash Flow Potential! Rare opportunity to purchase two multi-family properties totaling 8 units, to be sold together for $279,000 (approximately $35,000 per unit). The properties offer immediate income potential with room for growth. Current rents are below market, providing an opportunity for increased returns with future adjustments. Many units feature separate layouts, offering flexibility for tenants. The properties have seen numerous updates, including: Metal roof (314) less than 1 year old Roof (316) approximately 5 years old There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential. Ideal opportunity for investors looking to expand their portfolio or for buyers seeking to offset living expenses by occupying one unit. Properties must be sold together (see MLS #R1667935 for additional property).

316 N 2nd Street | MLS# R1667915

This multi-family property located at 316 N 2nd Street, Olean, NY 14760 is currently listed for sale with an asking price of $139,500. N 2nd Street is located within the Olean school district. Search Olean real estate on stephen-kaminsky.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Dirt Floor
Heating: Gas, Forced Air
Lot Size: 0.19 Acres
Stories: 1.0
Taxes: $2,218
Year Built: 1917

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 1
Exterior: Brick, Stone, Vinyl Siding
Flooring: Carpet, Laminate, Varies, Vinyl
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 78X104
Parcel#: 041200-094-057-0005-015-000-0000
Parking: Paved, Two or More Spaces
Parking Notes: Paved, Two or More Spaces
Sewer: Connected
Units: 3
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Olean

Estimate Your Payment

Estimated Payment

$ 535.99 per month $310.47 Principal & Interest $184.83 Property Tax $40.69 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: EXP-Premier Listings Team
Agency Contact: 716-790-2852

Shown By

Agent Name: Stephen Kaminsky
Agent Phone: (607) 353-2047 Cell
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/21/2026. The listing information on this page last changed on 03/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/21/2026 1:46:22 AM EST) or Global MLS (last updated Sat 03/21/2026 1:22:00 AM EST) or New York State Alliance MLS (last updated Sat 03/21/2026 1:42:33 AM EST) or Hudson Valley Catskill Region MLS (last updated Sat 03/21/2026 12:11:10 AM EST) or OneKey MLS (last updated Sat 03/21/2026 1:38:14 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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