314 N 2nd St, Olean, NY 14760
PENDING

314 N 2nd St
Olean, NY 14760

  • 5 Beds
  • 5,700 sqft

$130,000

Est. Mortgage $964/mo*
Get Pre-Qualified

$130,000

Est. Mortgage $964/mo*
Get Pre-Qualified
5 Beds
5,700 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

8-Unit Investment Opportunity! Strong Cash Flow Potential!

Rare opportunity to purchase two multi-family properties totaling 8 units, to be sold together for $279,000 (approximately $35,000 per unit).

The properties offer immediate income potential with room for growth. Current rents are below market, providing an opportunity for increased returns with future adjustments.

Many units feature separate layouts, offering flexibility for tenants. The properties have seen numerous updates, including:

Metal roof (314) less than 1 year old

Roof (316) approximately 5 years old

There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential.

Ideal opportunity for investors looking to expand their portfolio or for buyers seeking to offset living expenses by occupying one unit.

Properties must be sold together (see MLS #R1667915 for additional property).

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$23
Listed
53 days ago
Last check for updates: about 14 hours ago
Listing by: EXP-Premier Listings Team, (888) 276-0630
Deon Gayton, (716) 790-2852
Originating MLS: Chautauqua-Cattaraugus
Source: NYSAMLSs, MLS#R1667935
Also Listed on NYSAMLSs.

Home Details for 314 N 2nd St

Active Status

MLS Status: Pending

Interior Features

Interior Details
Basement: Dirt Floor
Beds & Baths
Number of Bedrooms: 5
Dimensions and Layout
Living Area: 5700 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water ConnectedAppliances: Gas Water Heater
Heating & Cooling
Heating: Electric,Gas,Baseboard,Forced AirHas HeatingHeating Fuel: Electric
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate, Varies, Vinyl
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoFloors: Carpet, Laminate, Varies, Vinyl

Exterior Features

Exterior Home Features
Roof: MetalExterior: Blacktop Driveway
Parking & Garage
No GarageParking: Three or more Spaces,No Garage
Frontage
Road Frontage: City StreetNot on Waterfront
Water & Sewer
Sewer: Connected

Days on Market

Cumulative Days on Market: 32Days on Market: 53

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Vinyl Siding
Property Information
Condition: ResaleParcel Number: 04120009405700050160000000

Price & Status

Price
List Price: $130,000Price Per Sqft: $23
Status Change & Dates
Off Market Date: Mon Apr 20 2026Possession Timing: Closing

Location

Direction & Address
City: Olean
School Information
Elementary School District: OleanJr High / Middle School District: OleanHigh School District: Olean

Agent Information

Listing Agent
Listing ID: R1667935

Building

Building Area
Building Area: 5700 Square Feet

Community

Community Features: NoneNot Senior Community

HOA

Association for this Listing: Chautauqua-Cattaraugus

Lot Information

Lot Area: 10402.128 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Rental Terms, Policies & Fees

Rent Includes: WaterOwner Pays: Water

Miscellaneous

Mls Number: R1667935Living Area Range Units: Square FeetAttribution Contact: 716-790-2852Universal Property Id: US-36009-N-04120009405700050160000000-R-N

Additional Information

None

Price History for 314 N 2nd St

DatePriceEventSource
04/20/2026$130,000PendingNYSAMLSs #R1667935
04/12/2026$130,000PriceChange
NYSAMLSs #R1667935
04/07/2026$134,500PriceChange
NYSAMLSs #R1667935
03/19/2026$139,500Listed For SaleNYSAMLSs #R1667935

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Comparable Sales for 314 N 2nd St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
312 N 3rd St, Olean, NY
0.07
Multi-Family Home
$161,000
04/27/26
8
4
5,616
412-14 Laurens St, Olean, NY
0.21
Multi-Family Home
$130,000
08/07/25
5
4
4,369
212 N 3rd St, Olean, NY
0.16
Multi-Family Home
$210,000
08/15/25
8
3
4,658
602 W Sullivan St, Olean, NY
0.23
Multi-Family Home
$150,000
08/12/25
4
4
3,800
301 Coleman St, Olean, NY
0.28
Multi-Family Home
$84,900
04/17/26
4
3
2,764
605 N 1st St, Olean, NY
0.32
Multi-Family Home
$45,000
01/02/26
4
2
2,240
135 N 6th St, Olean, NY
0.35
Multi-Family Home
$140,000
09/12/25
6
2
2,957
411 Irving St, Olean, NY
0.56
Multi-Family Home
$110,000
05/07/26
6
2.5
3,576
204 N Barry St, Olean, NY
0.29
Multi-Family Home
$155,000
12/01/25
8
5
2,950

Assigned Schools

These are the assigned schools for 314 N 2nd St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

Learn more about our methodology.
  • Treshina Parks
    "There is a dog park. There are two spaces and they are separated by a fence. And people are very respectful. "
    0
    Flag
  • Kcchase5
    "I do not own a dog. But I see the dogs being walked around town and in the parks. As long as they are calm and not aggressive. "
    0
    Flag
  • Trulia User
    "what kind of education and attention their getting from school! Its beat to know what kind of ppl their hanging around, role models and inspiring ppl!"
    0
    Flag
  • Susan.kriner
    "We’re close to many public events at War Vets Park and Bradners Stadium. Too many to list! Far enough away to hear the echo’s but not have it overwhelmingly take over our daily life. "
    2
    Flag
  • Kristin B.
    "This is a great place to live and raise your kids. Police patrol regularly in crime is low. Recreational activities available as well"
    0
    Flag
  • Kristin B.
    "Recreational programs offered like ice skating, sports events, youth sport sign ups. Police patrol through the city often"
    0
    Flag
  • Kristin B.
    "I lived here for 10 years and it’s a great place to raise kids. House prices are reasonable and there is a heavy police presence protecting the area all the time"
    2
    Flag
  • Skbb18
    "Strollean - big fun party. Local breweries. Great fireworks. Cutco visitor’s center. Lots of parks. Beef and barrel restaurant."
    0
    Flag
  • Corinne Q.
    "Dogs are being walked all the time. The neighborhood is quiet and peaceful. There are sidewalks which are well maintained and neighbors are friendly. "
    0
    Flag
  • Katlyn L.
    "Incredibly walkable, which is great for teenagers and people without cars. Some areas are not great traffic wise but that's to be expected."
    1
    Flag
  • TZ
    "I just moved out of the city but lived there in my last house for ten years. My neighbors became my friends. We helped each other and looked after each other. Everyone on our block maintained their homes and yards well. It was a great West End neighborhood. Plus, it was convenient to everything - grocery, bank, gym, restaurant, movie and even the liquor store!"
    0
    Flag
  • Kelly
    "Restaurants, groceries and retail shops all within easy walking distance but with the river nearby there is a country-feel too"
    0
    Flag
  • Robert W.
    "I have lived here for almos 40 years and have never encountered neighbors like these. These neighbors drive past our house blowing their horns at obscene hours of the day, they tell obscenities at me and my mother and claim they are "vigilantes" carrying out "mob rule." We have had enough of the harassing comments, destruction of our property, and the camera pointed off their house and into my bedroom. Someone moving into Fountain Street beware."
    14
    Flag
  • Bob K.
    "there are many families and many grandparents in this neighborhood. There is a nice playground with ballground and basketball hoop. The park has a spotlight to illuminate at night ."
    0
    Flag
  • Karri E. J.
    "I work and live here. It's a great place to either retire or raise children. Downtown is only a couple of blocks away. The library is located a block away. "
    1
    Flag
  • Saadzmirza
    "A nice neighborhood with friendly people and scenically overlooks the Olean Metro Area. Some notable Olean residents live here."
    1
    Flag

LGBTQ Local Legal Protections

Deon Gayton, EXP-Premier Listings Team, (888) 276-0630
Agent Phone: (716) 790-2852
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program 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 2026-05-11 05:06:49 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. © 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.
314 N 2nd St, Olean, NY 14760 is a 5 bedroom, 5,700 sqft multi-family built in 1900. This property is currently available for sale and was listed by NYSAMLSs on Mar 19, 2026. The MLS # for this home is MLS# R1667935.