7411 Leonard Avenue, Caneadea, NY 14744

Property Description

This 4-unit investment opportunity is located in the heart of Houghton NY, Allegany County. Capitalize on the consistent demand of Houghton's college rental market with this 2,720-square-foot, four-unit investment property located on a quiet dead-end street within walking distance of Houghton University. Currently between academic-year leases, the property offers the opportunity to secure tenants for the upcoming school year while acquiring an established student rental property. Each of the four apartments offers one bedroom, one full bath, a spacious living room, and a large kitchen complete with appliances. The building includes two units on the main level and two upstairs with a covered front porch for the lower units, a second-story balcony for the upper units, and convenient off-street parking. Major capital improvements have already been completed including a newer metal roof, recently painted exterior, and newer high-efficiency gas furnace helping reduce future maintenance costs. Whether you're expanding an existing portfolio or purchasing your first multi-family investment, this property combines a sought-after location, a proven student rental layout, and significant infrastructure updates in one income-producing asset. With strong demand driven by Houghton University, a walkable location, and key improvements already in place, this property is well-positioned for dependable rental income and long-term investment potential.