Opportunity awaits in the heart of Olean! This two-unit property is a solid option for those looking to add to their portfolio or start building rental income. Featuring separate gas, electric, and water utilities, the setup allows for added convenience and flexibility. Positioned just off the parking area of Jamestown Community College, this location adds to the property’s overall accessibility and visibility.
The property is priced to reflect the work needed, offering the chance to improve and maximize its potential. With the right updates, this could become a strong income-producing asset.
Conveniently located near local amenities, shopping, and dining, this property combines location, value, and opportunity—an ideal project for those ready to make it their own.
The property is priced to reflect the work needed, offering the chance to improve and maximize its potential. With the right updates, this could become a strong income-producing asset.
Conveniently located near local amenities, shopping, and dining, this property combines location, value, and opportunity—an ideal project for those ready to make it their own.
Property Details
Price:
$35,000
MLS #:
R1673237
Status:
Active
Beds:
5
Baths:
2
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
oleancity041200
Listed Date:
Apr 20, 2026
Finished Sq Ft:
2,256
Total Sq Ft:
2,256
Lot Size:
3,364 sqft / 0.08 acres (approx)
Year Built:
1910
Units:
2
See this Listing
Schools
School District:
Olean
Interior
Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Flooring
Hardwood, Laminate, Varies
Heating
Gas, Hot Water
Levels
Two
Exterior
Construction Materials
Other, See Remarks
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
One Space
Stories
2
Financial
Taxes
$1,617
Map
Community
- Address305 Tompkins Street Olean NY
- CityOlean
- CountyCattaraugus
- Zip Code14760
Market Summary
Current real estate data for Multi Family in Olean as of Jul 17, 2026
22
Multi Family Listed
127
Avg DOM
176
Avg $ / SqFt
$267,632
Avg List Price
Property Summary
- 305 Tompkins Street Olean NY is a Multi Family for sale in Olean, NY, 14760. It is listed for $35,000
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Courtesy of EXP-Premier Listings Team. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 305 Tompkins Street
Olean, NY