37 N 3rd ST Allegany, NY 14706
4 Beds
2 Baths
2,048 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,048 sqft
Price per Sqft $43
MLS Listing ID R1708259
Style Duplex
Bedrooms 4
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1880
Annual Tax Amount $2,575
Lot Size 7,261 Sqft
Acres 0.1667
Lot Dimensions 66X110
Property Sub-Type Duplex
Property Description
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.
Location
State NY
County Cattaraugus
Area Allegany-Village-042001
Direction From W Main St turn onto N 3rd St, the property is on the left
Rooms
Basement Partial
Interior
Heating Gas, Forced Air
Flooring Carpet, Ceramic Tile, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Deck
Utilities Available Cable Available, Sewer Connected, Water Connected
Porch Deck, Open, Porch
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 1
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories One
Structure Type Composite Siding,Copper Plumbing
Construction Status Existing
Schools
Elementary Schools Allegany Elementary
Middle Schools Allegany-Limestone Middle
High Schools Allegany-Limestone High
School District Allegany-Limestone
Others
Senior Community No
Tax ID 042001-093-043-0004-005-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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