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120 E Green St, Olean, NY 14760

$110,000
•
  • 2

    bed

  • 2

    bath

  • 2,044

    Sqft ($54/Sqft)

Multi-family for sale 2 days

About 120 E Green St

Property type Multi-family
Year built 1915
HOA fee $0/month
Lot size 1,516 Sqft
Movoto estimate
Property 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.
Listed by
Listing Agent - Myoungjin Joo
Listing Agent Contact: 585-203-6393
Listing Office - Myoungjin Joo
Source: NYSAMLS’s mls logo
MLS#R1724731 • last updated 2 days ago
Movoto checked NYSAMLS’s for data 5 minutes ago
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Overview
Heating Gas, ForcedAir
Levels/Style Two
MLS # R1724731
SqFt 2044
SubType Multi Family
Status Active
Lot Size (SqFt) 1514
Lot Size (Acres) 0.0348
Property Tax 2126
Tax Assessed Value 36000
Condition Resale
Interior
Total # of Bathrooms 2
# of Full Baths 2
Total # of Bedrooms 2
Basement None
Flooring Carpet, Hardwood, Tile, Varies
Exterior
Construction AtticCrawlHatchwaysInsulated, VinylSiding
Parking On Street
Patio/ Porch Open, Porch
Lot Desc Rectangular, RectangularLot
Amenities / Utilities
Appliances Gas Water Heater
Utilities SewerConnected, WaterConnected
Sewer/ Septic Connected
Water Source Connected, Public
Location
High School District Olean
APN 041200-094-073-0006-019-000-0000
Zoning Residential 2 Unit
Multifamily Details
Owner Pays GroundsCare, SnowRemoval, TrashCollection, Water
# of Separate Electric Meters 2
# of Separate Gas Meters 2
Operating Expense Includes Rent, SnowRemoval, Supplies, Trash, WaterSewer
Lot/ Land Details
Road Frontage Main Thoroughfare
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Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

Explore everything this neighborhood has to offer.
45/100
Walk
72/100
Family
25/100
Dining
67/100
Pet
  • Real Estate
  • NY
  • Cattaraugus County
  • Olean
  • 14760
  • 120 E Green St

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