Zoocasa Realty Inc., Brokerage

114 E Green St, Olean, NY

Name: 114 E Green St, For Sale in Olean - Zoocasa
Brand: Myoungjin Joo
SKU: R1724209
Price: 120000 USD

House

For Sale

Listed price in listed location currency (USD).

$120,000

222

MLS® R1724209

Overview

Key Facts

Type Multi Family

Levels Residential

Size 1830 sqft

Garage Yes

Taxes $2,422

Days Active 10

Lot Size 0.2094 Acres

Approx. Age 1920

Avg. Price Per Sqft $65

MLS® Number R1724209

Property Address: 114 E Green St, Olean, NY, 14760-3604

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberR1724209

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1920

BasementFull

DrivewayTwo Or More Spaces, Garage

Garage Spaces

HeatGas, Forced Air

A/C

Extras

Map

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