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Property at 326 Tompkins Street, Olean, NY 14760
ACTIVE
0
$850,000

326 Tompkins StreetOlean, NY, 14760

5,235 SqFt0.1483 Acres
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)
1 / 14

Est. Monthly

$4,029/mo

$850,000

326 Tompkins Street, Olean, NY

5,235 SqFt0.1483 Acres

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)

StatusActive
Property TypeCommercial Sale
Property SubtypeBusiness
Year Built1900
Days on Market34 days

Est. Monthly Payment

$4,028.98

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

326 Tompkins Street

Olean, NY 14760 • Cattaraugus
—
Beds
—
Baths
5,235
SqFt
0.1483
Acres
Status
Active
Property Type
Commercial Sale
Property Subtype
Business
Year Built
1900126 years ago
Days on Market
34 days
Property History
  • Listed for sale
    Apr 20, 2026 • NYSAMLS • R1673942
    $850,000
Mortgage Calculator
Estimated monthly payment for this property
$4,028.98
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    NYSAMLS
  • MLS#
    R1673942
  • Listing Office
    EXP-Premier Listings Team
  • Last Updated
    30 days ago

Climate & Systems

  • Heating
    • Other
    • See Remarks

Parking

  • Parking Spaces
    2

Lot & Grounds

  • Lot Size
    0.1483 acres
  • Lot Features
    • Rectangular
    • Rectangular Lot

Type

  • Property Type
    Commercial Sale
  • Property Subtype
    Business

Structure

  • Construction
    Other
  • Roof
    • Other
    • See Remarks

Condition

  • Year Built
    1900
  • Condition
    Resale
  • Days on Market
    34 days
  • Water
    Public
  • Sewer
    Public Sewer
  • Utilities
    • Sewer Connected
    • Water Connected

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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