37 N 3rd Street

Allegany, NY
$ 84,900 Beds 4 Baths 2 Sq 2,048
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 84,900
  • City
  • Allegany
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • CATTARAUGUS
  • Half Bathrooms
  • 0
  • Area
  • Allegany-Village
  • Lot Size
  • 0.1667 Acres
  • Zip
  • 14706
  • Sqr Footage
  • 2,048
  • Year Built
  • 1880
  • Taxes
  • $ 2575
  • Style
  • Duplex
  • MLS#
  • R1708259
Listed By: Paul Pezzimenti with Howard Hanna Professionals - Olean;
Data Source: Greater Rochester AOR (GRAR)

Features

General

Sewer Connected
Heating Gas,ForcedAir
Utilities CableAvailable,SewerConnected,WaterConnected
Possession CloseOfEscrow
Appliances GasWaterHeater
Garage Spaces 0.0
Patio/Porch Features Deck,Open,Porch
Architectural Style Duplex
Construction Materials CompositeSiding,CopperPlumbing
School District Allegany-Limestone
Year Built 1880
Electric CircuitBreakers,Fuses
Stories Count 1
Township Allegany-Village
Levels One
Property Subtype Duplex
OwnerPays Water
County Cattaraugus
Property Type Residential
Rent Includes Water
Full Baths 2
Status Active
Directions From W Main St turn onto N 3rd St,the property is on the left
High School Allegany-Limestone High
City Allegany
Senior Community Y/N No
High School District Allegany-Limestone
Number Of Units Total 2
MLS Area Allegany-Village-042001
Lot Size Units Acres
Lot Size Square Feet 7260.0
Elementary School Allegany Elementary
Year Built Details Existing
Tax Annual Amount 2575.0
Middle/Junior High School Allegany-Limestone Middle
Property Condition Resale
Structure Type Duplex
Standard Status Active
Middle/Junior School District Allegany-Limestone
Elementary School District Allegany-Limestone
Tax Assessed Value 60000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 5
Property Sub Type Additional Duplex

Interior Features

Basement Partial
Flooring Carpet,CeramicTile,Laminate,Varies,Vinyl
Total Stories 1
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 4
Total Baths 2

Exterior Features

Exterior Amenities Deck
Parking Features Gravel,TwoOrMoreSpaces
Lot Features Rectangular,RectangularLot,ResidentialLot
Water Source Connected,Public
Lot Size Area 0.1667
Foundation Details Stone
Building Area Total 2048.0
Lot Dimensions 66X110
Lot Size Acres 0.1667
Waterfront Y/N No
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type CityStreet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Rochester, NY office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Allegany Elementary
Middle School Allegany-Limestone Middle
High School Allegany-Limestone High

Price History

8/20/2026 Listed $89,900
9/9/2026 6% - $84,900

Property vs Zip Code Average in 14706

Price
AVG $300K
$80K
Taxes
AVG $3,718
$2,575
Year Built
AVG 1943
1880
Visits
AVG 17
5
Data Provided by Inside Real Estate®

Areas That We Cover

37 N 3rd Street Allegany, NY is a Single Family Home for sale at $84900 with 2048 sqft and a lot size of 0.1667 Acres Acre(s). 37 N 3rd Street Allegany has 4 bedrooms, 2 baths and was built in 1880. The property's zip code is 14706 which is in Allegany, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site 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.

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