$349,900
1 Bed
4,800 sqft (on 3.73 acres)
2840-2850 McDuffy Rd, Olean, NY 14760
Est. Mortgage $2,695/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1970
3.73 acre lot
$73/sqft
Local Information
- Map ViewExplore the area around 2840-2850 McDuffy Rd.
- Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
- Shop & Eat
-- mins to
About this House
What's unique:Newer hot water systemLandlord-controlled thermostatsRemodeled studio units
Positioned on 3.73 acres, 2840–2850 McDuffy Road presents a compelling opportunity to acquire a fully rented, professionally managed residential investment featuring an apartment complex and a single-family home. Generating more than $7,500 in monthly rental revenue, this turnkey operation reflects the owners’ substantial efforts to improve the property and establish a reputable apartment community. Management by On Point Property Management provides established operational support, while numerous capital improvements strengthen the property’s appeal. Updates include various remodeled studio units, all-new appliances in the studio units, a newer hot water system, a Health Department-approved water treatment system, and landlord-controlled thermostats. The single-family home and garage feature new roofs, and the apartment building’s roof is less than 10 years old. Common coin-operated laundry adds convenience for residents and an additional potential revenue source for ownership. With full occupancy, established rental income, and meaningful improvements already completed, this offering deserves serious consideration from investors seeking to expand their residential portfolio. Financial records are available upon request for review of income, expenses, and operating performance. The single-family home and apartment complex must be purchased together, providing one cohesive investment opportunity with established management and income in place. Current rents are as follows: Unit #1: $800/month. Unit #2: $700/month. Unit #3: $850/month. Unit #4: $700/month. Unit #5: $700/month. Unit #6: $800/month. Unit #7: $700/month. Unit #8: $600/month. Unit #9: $700/month. Single Family Home (2840 McDuffy Road): $1,000/month plus utilities. Taxes and assessed value include both properties.
Last check for updates: about 13 hours ago
Listing by: RE/MAX On Point, (716) 373-7325
Ciji L VanDyke, (716) 244-8924
Originating MLS: Buffalo
Source: NYSAMLSs, MLS#B1719487
Also Listed on NYSAMLSs.
Home Details for 2840-2850 McDuffy Rd
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Interior Details Basement: None |
Beds & Baths Number of Bedrooms: 1 |
Dimensions and Layout Living Area: 4800 Square Feet |
Appliances & Utilities Utilities: Cable Available, Electricity Connected, High Speed Internet AvailableAppliances: Electric Oven, Electric Range, Gas Water Heater, RefrigeratorLaundry: Common AreaRefrigerator |
Heating & Cooling Heating: Gas,Baseboard,Forced Air,Hot WaterHas HeatingHeating Fuel: Gas |
Fireplace & Spa No Fireplace |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Flooring: Carpet, Laminate, Varies, Vinyl |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneFloors: Carpet, Laminate, Varies, Vinyl |
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Exterior Home Features Roof: MetalExterior: Gravel Driveway |
Parking & Garage No GarageParking: One Space,Driveway,Garage,No Garage |
Frontage Road Frontage: Main ThoroughfareNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
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Days on Market: 1 |
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Year Built Year Built: 1970 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Vinyl Siding |
Property Information Condition: ResaleParcel Number: 04660010300300020670000000Additional Parcels Description: 103.003268.2 |
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Price List Price: $349,900Price Per Sqft: $73 |
Status Change & Dates Possession Timing: Close Of Escrow, Subject To Tenant Rights |
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MLS Status: Active |
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Direction & Address City: Olean |
School Information Elementary School District: OleanJr High / Middle School District: OleanHigh School District: Olean |
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Listing Agent Listing ID: B1719487 |
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Building Area Building Area: 4800 Square Feet |
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Community Features: NoneNot Senior Community |
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Association for this Listing: Buffalo |
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Lot Area: 3.73 Acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional |
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Rent Includes: All Utilities, Electricity, Parking, Cable TV, WaterOwner Pays: All Utilities, Cable TV, Electricity, Garage, Water |
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Mls Number: B1719487Living Area Range Units: Square FeetAttribution Contact: 716-244-8924Universal Property Id: US-36009-N-04660010300300020670000000-R-N |
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None |
Around this home
What Locals Say about Olean
At least 74 Trulia users voted on each feature.
88 % Say there are sidewalks
87 % Say yards are well-kept
87 % Say it's dog friendly
83 % Say parking is easy
79 % Say there's holiday spirit
78 % Say car is needed
74 % Say kids play outside
73 % Say it's walkable to restaurants
72 % Say it's walkable to grocery stores
68 % Say streets are well-lit
63 % Say people would walk alone at night
61 % Say there's wildlife
55 % Say neighbors are friendly
51 % Say it's quiet
43 % Say they plan to stay for at least 5 years
26 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Olean
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
63
9MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.89 | Multi-Family Home | $280,000 | 04/01/26 | 6 | 2 | 1,326 | |
3.28 | Multi-Family Home | $135,000 | 02/06/26 | 7 | - | 4,000 | |
3.58 | Multi-Family Home | $110,000 | 05/07/26 | 6 | 2.5 | 3,576 | |
3.54 | Multi-Family Home | $145,000 | 07/10/26 | 6 | 2 | 2,570 | |
3.67 | Multi-Family Home | $103,500 | 11/21/25 | 2 | 2 | 1,614 | |
3.67 | Multi-Family Home | $173,000 | 02/24/26 | 4 | 3 | 2,587 | |
3.60 | Multi-Family Home | $55,000 | 08/26/26 | 4 | 2 | 1,877 | |
3.64 | Multi-Family Home | $60,000 | 03/13/26 | 5 | 2.5 | 2,448 | |
3.67 | Multi-Family Home | $79,900 | 10/29/25 | 3 | 3 | 1,918 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.00 | $126,800 | Studio | 4 | 1,152 | Off Market | |
0.03 | - | Studio | - | 2,592 | Off Market | |
0.05 | $201,700 | 3 | 2 | 1,620 | Off Market | |
0.06 | - | Studio | - | 4,800 | Off Market | |
0.17 | - | 4 | - | 1,268 | Off Market | |
0.17 | - | - | - | - | Off Market | |
0.18 | - | Studio | 1 | 720 | Off Market | |
0.20 | - | 1 | 1 | - | Off Market | |
0.20 | - | 1 | 1 | - | Off Market | |
0.20 | - | 3 | 1 | - | Off Market | |
0.20 | - | Studio | 1 | - | Off Market | |
0.20 | - | 1 | 1 | - | Off Market | |
0.20 | - | 1 | 1 | - | Off Market | |
0.20 | - | - | - | - | Off Market | |
0.36 | - | 4 | 1.5 | 2,352 | Off Market | |
0.39 | - | 2 | 2 | 2,146 | Off Market | |
0.39 | - | 2 | 2 | 2,146 | Off Market | |
0.39 | $162,000 | 2 | 2 | 2,146 | Off Market | |
0.44 | $50,000 | - | - | - | Recently Sold | |
0.45 | - | - | - | - | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Oct 5, 2026 Source: NYSAMLSs #B1719487 | Listed For Sale | $349,900 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Ciji L VanDyke, RE/MAX On Point, (716) 373-7325
Agent Phone: (716) 244-8924
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of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with
the IDX logo and include the Listing Broker’s Firm Name. Listing Data last updated at 2026-10-06 11:32:52 PDT.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties
are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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Frequently asked questions about 2840-2850 McDuffy Rd
- What is the estimated monthly payment for 2840-2850 McDuffy Rd?Based on a $349,900 list price with 20% down at today's rates, the estimated monthly payment for 2840-2850 McDuffy Rd in Olean, NY is approximately $2,752 (about $1,963 principal & interest, $714 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Olean?Residents describe Olean, NY as pedestrian-friendly, well-kept, and dog-friendly. See homes for sale in Olean, NY.
- What are the closest schools to 2840-2850 McDuffy Rd?The closest schools to 2840-2850 McDuffy Rd in Olean, NY are East View Elementary School (Pre-K, rated 3/10), Olean Middle School (Elementary, rated 4/10), Olean Senior High School (Middle, rated 6/10).
- Does 2840-2850 McDuffy Rd have laundry facilities?Yes, 2840-2850 McDuffy Rd in Olean, NY has laundry facilities.
2840-2850 McDuffy Rd, Olean, NY 14760 is a 1 bedroom, 4,800 sqft multi-family built in 1970. This property is currently available for sale and was listed by NYSAMLSs on Oct 5, 2026. The MLS # for this home is MLS# B1719487.