114 East Green Street
Olean, NY, 14760
$120,000
2 Beds
2 Baths
1,830 SqFt
0.21 Acres
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MLS #R1724209 image #0
Phenomenal turnkey investment opportunity in Western New York! This highly efficient, institutional-grade residential portfolio features 7 tightly clustered assets strategically located on East Green Street and adjacent Edwards Court. Offering immediate scale and high cash-flow velocity, the package delivers a stellar 16.89% Package Cap Rate based on 2026 full-year projections. For private buyers or expanding syndicates, this is a rare chance to capture an immediate, dominant local footprint with streamlined operations from day one. By securing a high-performing real estate engine in a single transaction, investors bypass years of slow, piecemeal portfolio assembly. While the seller prefers a bulk portfolio sale to maximize buyer value, individual home buyers or localized investors have the unique flexibility to acquire these properties separately. Enjoy streamlined property management and immediate operational stability with a strong 86.67% blended occupancy rate across a strong mix of multi-family layouts and classic residential structures. The portfolio includes 114 East Green St ($120k, 16.02% Cap), 116 East Green St ($120k, 17.15% Cap), 118 East Green St ($140k, 19.17% Cap), 120 East Green St ($110k, 16.28% Cap), 1 Edwards Ct ($100k, 15.02% Cap), 2 Edwards Ct ($100k, 10.23% Cap), and 9 Edwards Ct (Lot, $5k). While individual assets can be acquired at a $695,000 aggregate, the seller is offering a built-in $45,000 bulk package discount, dropping the total price to a highly competitive $650,000. Tenants enjoy premier walkability to the bustling North Union Street commercial district, public transit, local staple Ried’s Food Barn, and Four Mile Brewing. Highly accessible to neighborhood amenities like Lincoln Park, the Olean Public Library, and premier dining spots like Beef-N-Barrel and Eatery, this location ensures historically low vacancy. Significant upside remains in the Edwards Court units. Act fast to secure a massive local footprint in a single transaction! Ask your realtor for financial statement/projections.

Property Details

Price:
$120,000
MLS #:
R1724209
Status:
Active
Beds:
2
Baths:
2
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
oleancity041200
Listed Date:
Oct 23, 2026
Finished Sq Ft:
1,830
Total Sq Ft:
1,830
Lot Size:
9,120 sqft / 0.21 acres (approx)
Year Built:
1920
Units:
2
DuplexOlean-city-041200Oleancity041200OleanProbate

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Schools

School District:
Olean

Interior

Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Flooring
Carpet, Hardwood, Tile, Varies
Heating
Gas, Forced Air
Levels
Two

Exterior

Architectural Style
Duplex
Construction Materials
Attic Crawl Hatchways Insulated, Wood Siding
Garage Spaces
2
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
Two Or More Spaces, Garage
Roof
Architectural, Shingle
Stories
2

Financial

Taxes
$2,422

Map

Community

Market Summary

Current real estate data for Multi Family in Olean as of Oct 30, 2026
12
Multi Family Listed
47
Avg DOM
58
Avg $ / SqFt
$146,867
Avg List Price

Property Summary

    114 East Green Street Olean NY is a Multi Family for sale in Olean, NY, 14760. It is listed for $120,000 To schedule a showing of MLS#r1724209 at 114 East Green Street in Olean, NY, contact your Concrete Jungle Realty agent at 3472420937.

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