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Sandra Hockwater
REALTOR®, Lic. Real Estate Salesperson
(716) 481-8625
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37 N 3rd Street, Allegany, NY 14706

$89,900
  • 37 N 3rd Street, Allegany, NY 14706 Main Photo

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New to the Market Active
BEDS4 BATHS2 full SQUARE FEET2,048 MLS#R1708259
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLAllegany-Limestone

Property Description

Side-by-side single-story duplexes don't come along often. Only a few stairs to enter, no shared floors, no neighbors overhead - just two private units, each with its own entrance and its own driveway. That layout is exactly what tenants stay put for, and it's why this property has held long-term renters year after year. At 2,048 square feet, there's real living space here, not the cramped footprint you find in most small multifamily. Both units are single-story, making them appealing to a wide tenant pool. The investor angle: one unit will be delivered vacant at closing, giving you the chance to reset that rent at market from day one. The remaining tenant is long-term, currently at $550 plus utilities, and open to negotiating a new lease. Tenants pay their own utilities, keeping your operating costs predictable. Recent capital already in place: a portion of the roof was replaced within the last 2-3 years, with the balance approximately 12 years old - meaningful deferred maintenance already handled. Yes, it needs some TLC. That's the opportunity. Cosmetic updates here translate directly into higher rents in a village where quality rentals are genuinely hard to find. Whether you're adding to a portfolio or house-hacking your first property - live in one side, let the other side pay the mortgage - this is the kind of property that rewards a little sweat equity. Sought-after Village of Allegany location. Properties like this rarely hit the open market. Schedule your showing today.

37 N 3rd Street | MLS# R1708259

This multi-family property located at 37 N 3rd Street, Allegany, NY 14706 is currently listed for sale with an asking price of $89,900. N 3rd Street is located within the Allegany-Limestone school district. Search Allegany real estate on shockwater.mjpeterson.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partial
Heating: Gas, Forced Air
Home Style: Duplex
Lot Size: 0.17 Acres
Stories: 1.0
Taxes: $2,575
Year Built: 1880

Amenities

Deck

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 1
Exterior: Composite Siding, Copper Plumbing
Flooring: Carpet, Ceramic Tile, Laminate, Varies, Vinyl
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 66X110
Parcel#: 042001-093-043-0004-005-000-0000
Parking: Gravel, Two or More Spaces
Parking Notes: Gravel, Two or More Spaces
Patio/Porch: Deck, Open, Porch
Sewer: Connected
Units: 2
Utilities: Cable Available, Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

High School: Allegany-Limestone High
Middle School: Allegany-Limestone Middle
Elementary School: Allegany Elementary
School District: Allegany-Limestone

Listed By / Shown By

Listing By

Agency Name: Howard Hanna Professionals - Olean
Agency Contact: 716-378-7039

Shown By

Agent Name: Sandra Hockwater
Agent Phone: (716) 481-8625
Agency Title: MJ Peterson Real Estate

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Estimated Payment

$ 440.88 per month $200.08 Principal & Interest $214.58 Property Tax $26.22 Homeowner's Insurance

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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 08/21/2026. The listing information on this page last changed on 08/21/2026. 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 Fri 08/21/2026 11:10:59 AM EST) or New York State Alliance MLS (last updated Fri 08/21/2026 11:07:15 AM EST). Real estate listings held by brokerage firms other than MJ Peterson Real Estate 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.
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