David E. Cornwell
Licensed Real Estate Salesperson
REALTOR®
Walton, NY
Office: (607) 865-7000 (607) 437-8941

120 E Green Street, Olean, NY 14760

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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.

120 E Green Street | MLS# R1724731

This multi-family property located at 120 E Green Street, Olean, NY 14760 is currently listed for sale with an asking price of $110,000. E Green Street is located within the Olean school district. Search Olean real estate on david-cornwell.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: None
Heating: Gas, Forced Air
Lot Size: 0.03 Acres
Stories: 2.0
Taxes: $2,126
Year Built: 1915

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 2
Exterior: Attic/Crawl Hatchway(s) Insulated, Vinyl Siding
Flooring: Carpet, Hardwood, Tile, Varies
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 20X75
Parcel#: 041200-094-073-0006-019-000-0000
Parking: On Street
Parking Notes: On Street
Patio/Porch: Open, Porch
Sewer: Connected
Units: 2
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Olean

Estimate Your Payment

Estimated Payment

$ 454.06 per month $244.81 Principal & Interest $177.17 Property Tax $32.08 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Myoungjin Joo
Agency Contact: 585-203-6393

Shown By

Agent Name: David E. Cornwell
Agent Phone: (607) 437-8941
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/26/2026. The listing information on this page last changed on 10/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 10/26/2026 12:13:48 AM EST) or Global MLS (last updated Mon 10/26/2026 12:08:11 AM EST) or New York State Alliance MLS (last updated Mon 10/26/2026 12:11:00 AM EST) or Hudson Valley Catskill Region MLS (last updated Mon 10/26/2026 12:11:12 AM EST) or OneKey MLS (last updated Mon 10/26/2026 12:07:24 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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