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1 Bed
0 Baths
4,800 sqft

$349,900

2840-2850 McDuffy Road, Olean NY, 14760

Price per sqft$72.90
Built in1970
Property size4,800 sqft
Property typeOther

Overview

Active

Listed Oct 5, 2026

Updated 5 days ago

Positioned on 3.73 acres, 2840–2850 McDuffy Road presents a compelling opportunity to acquire a fully rented, professionally managed residential investment featuring an apartment complex and a single-family home. Generating more than $7,500 in monthly rental revenue, this turnkey operation reflects the owners’ substantial efforts to improve the property and establish a reputable apartment community. Management by On Point Property Management provides established operational support, while numerous capital improvements strengthen the property’s appeal. Updates include various remodeled studio units, all-new appliances in the studio units, a newer hot water system, a Health Department-approved water treatment system, and landlord-controlled thermostats. The single-family home and garage feature new roofs, and the apartment building’s roof is less than 10 years old. Common coin-operated laundry adds convenience for residents and an additional potential revenue source for ownership. With full occupancy, established rental income, and meaningful improvements already completed, this offering deserves serious consideration from investors seeking to expand their residential portfolio. Financial records are available upon request for review of income, expenses, and operating performance. The single-family home and apartment complex must be purchased together, providing one cohesive investment opportunity with established management and income in place. Current rents are as follows: Unit #1: $800/month. Unit #2: $700/month. Unit #3: $850/month. Unit #4: $700/month. Unit #5: $700/month. Unit #6: $800/month. Unit #7: $700/month. Unit #8: $600/month. Unit #9: $700/month. Single Family Home (2840 McDuffy Road): $1,000/month plus utilities. Taxes and assessed value include both properties.

$2,328/mo

Est. mortgage payment based on a $349,900 home price.

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

Additional information

MLS® ID
B1719487

Interior Features

Bedrooms
1
Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
3.73 Acres

Other Property Details

Taxes
$11,177
Tax Frequency
Annually
MLS provider logo

 

Courtesy of RE/MAX On Point, Ciji L VanDyke

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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), Claire Starusnak, 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 5:14 AM UTC, 10/6/2026

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