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David Matrulli

djmsells@yahoo.com +1(315) 225-2271

$ 850,000

Est. payment -/mo

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Active

326 Tompkins ST Olean, NY 14760

5,235 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 5,235 sqft

Price per Sqft $162

MLS Listing ID R1673942

Construction Status Existing

HOA Y/N No

Year Built 1900

Lot Size 6,459 Sqft

Acres 0.1483

Lot Dimensions 48X133

Property Sub-Type Business

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)

Location

State NY

County Cattaraugus

Area Olean-City-041200

Zoning Residentia

Interior

Heating Other, See Remarks

Cooling Other, See Remarks

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Other,See Remarks

Total Parking Spaces 2

Building

Lot Description Rectangular, Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Other

Construction Status Existing

Schools

Elementary Schools East View Elementary

School District Olean

Others

Tax ID 041200-094-065-0005-009-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by EXP-Premier Listings Team 716-307-8894

NEARBY SCHOOLS & PROPERTIES

David Matrulli

Lic. RE Salesperson | License ID: 40MA1126170

+1(315) 225-2271

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