326 Tompkins Street, Olean, NY

$850,000

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5,235

Square feet

0.15

Acres

About 326 Tompkins Street

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)

Features of 326 Tompkins Street

MLS® # R1673942
Price $850,000
Bathrooms 0.00
Square Footage 5,235
Square Footage 6460
Acres 0.15
Year Built 1900
Type Commercial Sale
Sub-Type Business
Status Active

Community Information

Address 326 Tompkins Street
Area Olean-City
City Olean
County Cattaraugus
State NY
Zip Code 14760

Amenities

Utilities Sewer Connected, Water Connected
Features Rectangular, Rectangular Lot
Parking Spaces 2
Is Waterfront No
Has Pool No

Interior

Heating Other, See Remarks
Cooling Other, See Remarks
Fireplace No
# of Stories 2
Stories 2
Has Basement No

Exterior

Exterior Other
Lot Description Rectangular, Rectangular Lot
Roof Other, See Remarks
Construction Other

School Information

District Olean
Elementary East View Elementary

Additional Information

Zoning Residentia
Short Sale No
RE / Bank Owned No

Listing Details

OfficeEXP-Premier Listings Team
Contact Info716-307-8894

Listing Map

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