120 E Green StreetOlean, NY 14760

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.

Property Information

Property type

Residential

Sub-type

Multi Family

Year built

1915

Stories

2

Living area

2,044 Sq Ft

Lot size

0.03 acres

Lot dimensions

20X75

Days on market

5

MLS^® Listing#

R1724731

Property Features

Appliances

Gas Water Heater · Water Heater

Heating

Forced Air · Natural Gas

Flooring

Carpet · Hardwood · Tile · Varies

Basement

None

Parking

On Street

Patio

Porch

Lot features

Rectangular Lot

Construction

Attic/Crawl Hatchway(s) Insulated · Vinyl Siding

Utilities

Sewer Connected · Water Connected

Water source

Public

Financial Details

Annual taxes

$2,126

Assessed value

$36,000

Parcel number

041200-094-073-0006-019-000-0000