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6 Beds
4 Baths
3,744 sqft

$175,000

707 West Sullivan Street, Olean NY, 14760

Price per sqft$46.74
Built in1890
Property size3,744 sqft
Property typeMulti-family

Overview

Active

Listed Nov 11, 2026

Updated 2 days ago

INVESTORS, TAKE NOTICE! Here's your opportunity to own a 4-unit income-producing property with immediate rental income and excellent potential for increased cash flow! Three of the four apartments are currently occupied by responsible tenants, including one 2-bedroom and two 1-bedroom units. Since purchasing the property in 2018, the owner has made interior updates to each of these apartments, making this an attractive addition to your investment portfolio! The fourth unit, a spacious 2-bedroom apartment, has been completely gutted to the studs and is ready for its transformation! Even better, the majority of the materials needed to complete the renovation are already included, such as flooring, cabinets, bathroom and kitchen fixtures and appliances, lighting, and more! The seller had plans to finish the project but has since relocated, leaving the next owner an excellent opportunity to build equity and add another income stream without starting from scratch. With room for rental increases and the potential to generate income from all four units, there's plenty of upside for a savvy investor! The property also offers a large backyard with space for tenant parking and outdoor enjoyment. Whether you're looking to expand your rental portfolio or invest in a property with value-add potential, this one deserves a closer look! Please allow a minimum of 48 hours' notice for all showings to respect the privacy of the current tenants.

$1,164/mo

Est. mortgage payment based on a $175,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
R1728601

Interior Features

Bedrooms
6
Bathrooms
4
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$2,835
Tax Frequency
Annually
Municipality
Not Applicable
MLS provider logo

 

Courtesy of EXP-Premier Listings Team, Claudia Attard-Keary

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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Robert Zaccaria, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

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Data last updated 4:48 AM UTC, 11/13/2026

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