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326 Tompkins Street , Olean, NY 14760

$850,000
  • 326 Tompkins Street , Olean, NY 14760 Main Photo

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New to the Market Active
SQUARE FEET5,235 MLS#R1673942
STATUSActive PROPERTY TYPECommercial - Business SCHOOLOlean

Property 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)

326 Tompkins Street | MLS# R1673942

This commercial property located at 326 Tompkins Street , Olean, NY 14760 is currently listed for sale with an asking price of $850,000. Tompkins Street is located within the Olean school district. Search Olean real estate on www.mjpeterson.com today.

Property Features

Property Type: Commercial - Business
Cooling: Other, SeeRemarks
Heating: Other, SeeRemarks
Lot Size: 0.15 Acres
Roof Type: Other, SeeRemarks
Stories: 2.0
Taxes: $0
Year Built: 1900

Feature Descriptions

Lot: Rectangular, RectangularLot
Lot Dimensions: 48X133
Parcel#: 041200-094-065-0005-009-000-0000
Sewer: PublicSewer
Utilities: SewerConnected, WaterConnected
Water: Public

Local Schools

Elementary School: East View Elementary
School District: Olean

Listed By / Shown By

Listing By

Agency Name: EXP-Premier Listings Team
Agency Contact: 716-307-8894

Shown By

Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234

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