326 Tompkins StreetOlean, NY 14760
Cattaraugus County
Description
Attention investors!!!!! This is the kind of opportunity that doesn’t come around often. This impressive portfolio features 10 buildings with a total of 29 residential units, offering a strong and consistent income stream with potential gross rents approaching $300,000 annually. The unit mix provides built-in stability and flexibility, with a combination of 6-month leases, long-term tenants, and month-to-month occupants, allowing a new owner to optimize rents over time while maintaining immediate cash flow. A comprehensive package of rental riders and documentation is available, making due diligence seamless. The portfolio boasts a low turnover rate, reflecting tenant satisfaction and steady occupancy, while the properties have been well-maintained overall, with select units offering value-add potential through minor updates—an ideal scenario for increasing rents and maximizing return on investment. Conveniently located within the city, these properties are all in close proximity to employment opportunities, schools, churches, and shopping, making them highly desirable to tenants and easy to manage. Whether you’re looking to expand your existing portfolio or step into a high-performing investment, this is your chance to take control, build equity, and truly be your own boss with a scalable, income-producing asset. Rental Riders available for qualified buyers. Addresses include: 326 Tompkins St (6 unit) 112 N. 3rd (2 Unit), 230 N. 8th (4 unit), 537 Queen 2 unit), 1315-1317 Reed (3 unit), 308 S (2 unit), 661 S. Union (2 Unit), 1312 Walnut (2 unit), 602 Washington (2 unit), 710 W Sullivan (4 unit)
Property Information
- Property type
- Commercial Sale
- Sub-type
- Business
- Year built
- 1900
- Stories
- 2
- Living area
- 5,235 Sq Ft
- Lot size
- 0.15 acres
- Lot dimensions
- 48X133
- Parking spaces
- 2
- Zoning
- Residentia
- Days on market
- 166
- MLS® Listing#
- R1673942
Property Features
- Cooling
- Other
- Heating
- Other · See Remarks
- Lot features
- Rectangular Lot
- Construction
- Other
- Roof
- Other · See Remarks
- Utilities
- Sewer Connected · Water Connected
- Sewer
- Public Sewer
- Water source
- Public
Schools
- Elementary
- East View Elementary
Financial Details
- Assessed value
- $75,000
- Parcel number
- 041200-094-065-0005-009-000-0000
Listing Courtesy: EXP-Premier Listings Team - 716-307-8894
Presented by: Claudia Attard-Keary
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Fair Housing NoticeLast Updated: 2026-04-20
