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.
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
Estimated Payment
$ 440.88 per month $200.08 Principal & Interest $214.58 Property Tax $26.22 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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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.