Real Estate Investment Properties for Sale in Allegany, NY

Looking for investment property in Allegany, NY with high ROI ?

Explore a variety of short-term homes & houses in Allegany, NY. Invest wisely with VRBO & Allegany, NY Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Allegany, NY

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4137 Chapel Hill Rd Allegany, NY Three bedroom ranch home located in Allegany with an attached two car garage. The views fr...	3 beds \| 1 baths \| 1,768 sq.ft.	$269,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 4.57% Airbnb Rental Income: $1617 Traditional Rental Income: $1915 Airbnb ROI: 1.59% Traditional ROI: 4.57%
29 Pine St Allegany, NY Nestled in a serene neighborhood, this captivating residence masterfully blends the timele...	3 beds \| 1 baths \| 2,110 sq.ft.	$259,000	Airbnb cash on cash: 1.75% Traditional cash on cash: 6.97% Airbnb Rental Income: $1617 Traditional Rental Income: $2435 Airbnb ROI: 1.75% Traditional ROI: 6.97%
Lot 9 Tanglewood Development Allegany, NY Lot 9 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.37% Airbnb Rental Income: $686 Traditional Rental Income: $836 Airbnb ROI: 1.25% Traditional ROI: 7.37%
Lot 3 Tanglewood Development Allegany, NY Lot 3 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$70,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 8.05% Airbnb Rental Income: $686 Traditional Rental Income: $836 Airbnb ROI: 1.53% Traditional ROI: 8.05%
Lot 12 Tanglewood Development Allegany, NY Lot 12 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.37% Airbnb Rental Income: $686 Traditional Rental Income: $836 Airbnb ROI: 1.25% Traditional ROI: 7.37%
Lot 17 Tanglewood Development Allegany, NY Lot 17 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.41% Airbnb Rental Income: $686 Traditional Rental Income: $839 Airbnb ROI: 1.25% Traditional ROI: 7.41%
Lot 13 Tanglewood Development Allegany, NY Lot 13 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.37% Airbnb Rental Income: $686 Traditional Rental Income: $836 Airbnb ROI: 1.25% Traditional ROI: 7.37%
Lot 11 Tanglewood Development Allegany, NY Lot 11 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.37% Airbnb Rental Income: $686 Traditional Rental Income: $836 Airbnb ROI: 1.25% Traditional ROI: 7.37%
Lot 10 Tanglewood Development Allegany, NY Lot 10 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.39% Airbnb Rental Income: $686 Traditional Rental Income: $838 Airbnb ROI: 1.25% Traditional ROI: 7.39%
Lot 8 Tanglewood Development Allegany, NY Lot 8 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.39% Airbnb Rental Income: $686 Traditional Rental Income: $838 Airbnb ROI: 1.25% Traditional ROI: 7.39%
Lot 7 Tanglewood Development Allegany, NY Lot 7 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.37% Airbnb Rental Income: $686 Traditional Rental Income: $836 Airbnb ROI: 1.25% Traditional ROI: 7.37%
Lot 5 Tanglewood Development Allegany, NY Lot 5 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 6.25% Airbnb Rental Income: $686 Traditional Rental Income: $836 Airbnb ROI: 0.81% Traditional ROI: 6.25%
Lot 4 Tanglewood Development Allegany, NY Lot 4 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 6.25% Airbnb Rental Income: $686 Traditional Rental Income: $836 Airbnb ROI: 0.81% Traditional ROI: 6.25%
Lot 1 Tanglewood Development Allegany, NY Lot 1 Tanglewood Development, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 6.25% Airbnb Rental Income: $686 Traditional Rental Income: $836 Airbnb ROI: 0.81% Traditional ROI: 6.25%
3428 Fortune Dr Allegany, NY Charming three-bedroom ranch offering comfort, space, and a peaceful setting. The spacious...	3 beds \| 1 baths \| 1,556 sq.ft.	$208,900	Airbnb cash on cash: 2.27% Traditional cash on cash: 8.76% Airbnb Rental Income: $1617 Traditional Rental Income: $2444 Airbnb ROI: 2.27% Traditional ROI: 8.76%
2 Solterra Cir Allegany, NY 2 Solterra Cir, Allegany, NY 14706 \| Single Family Residential	6 beds \| 4 baths \| 3,790 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.01% Airbnb Rental Income: $null Traditional Rental Income: $3763 Airbnb ROI: N/A Traditional ROI: 6.01%
3402 Fortune Drive Allegany, NY Charming three-bedroom ranch set on 2.33 picturesque acres featuring a in ground pool and ...	3 beds \| 2 baths \| 1,989 sq.ft.	$349,900	Airbnb cash on cash: 0.7% Traditional cash on cash: 5.49% Airbnb Rental Income: $1617 Traditional Rental Income: $2734 Airbnb ROI: 0.7% Traditional ROI: 5.49%
3383 Cherry Valley Rd Allegany, NY 3383 Cherry Valley Rd, Allegany, NY 14706 \| Single Family Residential	3 beds \| 2 baths \| 1,968 sq.ft.	$239,990	Airbnb cash on cash: 2% Traditional cash on cash: 7.98% Airbnb Rental Income: $1617 Traditional Rental Income: $2515 Airbnb ROI: 2% Traditional ROI: 7.98%
4084 W Branch Rd Allegany, NY Welcome to this very well-maintained 3-bedroom, 2.5-bath two-story home situated on 1.2 ac...	3 beds \| 2 baths \| 1,728 sq.ft.	$325,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 6.56% Airbnb Rental Income: $1617 Traditional Rental Income: $2805 Airbnb ROI: 1.17% Traditional ROI: 6.56%
3231 W Five Mile Rd Allegany, NY 3231 W Five Mile Rd, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$84,900	Airbnb cash on cash: 0.82% Traditional cash on cash: 7.7% Airbnb Rental Income: $686 Traditional Rental Income: $956 Airbnb ROI: 0.82% Traditional ROI: 7.7%
122 E Union St Allegany, NY 122 E Union St, Allegany, NY 14706 \| Single Family Residential	4 beds \| 1 baths \| 1,486 sq.ft.	$162,500	Airbnb cash on cash: 1.76% Traditional cash on cash: 9.09% Airbnb Rental Income: $1204 Traditional Rental Income: $2001 Airbnb ROI: 1.76% Traditional ROI: 9.09%
3431 Five Mile Rd Allegany, NY	3 beds \| 2 baths \| 1,144 sq.ft.	$239,900	Airbnb cash on cash: 2.14% Traditional cash on cash: 7.02% Airbnb Rental Income: $1617 Traditional Rental Income: $2267 Airbnb ROI: 2.14% Traditional ROI: 7.02%
2337 Five Mile Road Allegany, NY Welcome to this inviting 4-bedroom, 1.5-bath home nestled on just under one acre in the de...	4 beds \| 2 baths \| 2,272 sq.ft.	$199,900	Airbnb cash on cash: 0.85% Traditional cash on cash: 11.65% Airbnb Rental Income: $1204 Traditional Rental Income: $2863 Airbnb ROI: 0.85% Traditional ROI: 11.65%
2715 Five Mile Rd Allegany, NY 2715 Five Mile Rd, Allegany, NY 14706 \| Multi Family	4 beds \| 3 baths \| 20,876 sq.ft.	$1,500,000	Airbnb cash on cash: -2.19% Traditional cash on cash: -1.57% Airbnb Rental Income: $1204 Traditional Rental Income: $1679 Airbnb ROI: -2.19% Traditional ROI: -1.57%
854 Four Mile Rd Allegany, NY Welcome to this spacious 5-bedroom, 2-bath ranch situated on a beautiful 1.70-acre corner ...	5 beds \| 2 baths \| 2,164 sq.ft.	$269,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $2715 Airbnb ROI: N/A Traditional ROI: 7.15%
114 N 3rd St Allegany, NY Welcome to this spacious 4-bedroom, 3-full-bath home located in the highly desirable Villa...	4 beds \| 3 baths \| 1,697 sq.ft.	$229,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 10.82% Airbnb Rental Income: $1204 Traditional Rental Income: $2895 Airbnb ROI: 1.22% Traditional ROI: 10.82%
75 E Main St Allegany, NY Step into the timeless charm of this well-maintained 1890's home, offering the perfect ble...	5 beds \| 2 baths \| 2,094 sq.ft.	$306,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.53% Airbnb Rental Income: $null Traditional Rental Income: $2631 Airbnb ROI: N/A Traditional ROI: 6.53%
3507 Cherry Valley Rd Allegany, NY 3507 Cherry Valley Rd, Allegany, NY 14706 \| Manufactured Home	3 beds \| 2 baths \| 1,568 sq.ft.	$254,900	Airbnb cash on cash: 1.73% Traditional cash on cash: 6.28% Airbnb Rental Income: $1617 Traditional Rental Income: $2253 Airbnb ROI: 1.73% Traditional ROI: 6.28%
2057 Eldorado Dr Allegany, NY 2057 Eldorado Dr, Allegany, NY 14706 \| Single Family Residential	3 beds \| 2 baths \| 1,851 sq.ft.	$289,900	Airbnb cash on cash: 1.2% Traditional cash on cash: 5.77% Airbnb Rental Income: $1617 Traditional Rental Income: $2406 Airbnb ROI: 1.2% Traditional ROI: 5.77%
2456 Keim Hollow Rd Allegany, NY 2456 Keim Hollow Rd, Allegany, NY 14706 \| Single Family Residential	3 beds \| 2 baths \| 1,500 sq.ft.	$249,900	Airbnb cash on cash: 1.82% Traditional cash on cash: 6.85% Airbnb Rental Income: $1617 Traditional Rental Income: $2346 Airbnb ROI: 1.82% Traditional ROI: 6.85%
2615 N Nine Mile Allegany, NY 2615 N Nine Mile, Allegany, NY 14706 \| Other	N/A beds \| N/A baths \| N/A	$89,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 7.25% Airbnb Rental Income: $686 Traditional Rental Income: $956 Airbnb ROI: 0.66% Traditional ROI: 7.25%

Real Estate investment in Allegany, NY

There are 31 properties for sale in the city of Allegany . The median list price in Allegany is $89,951 and the average price per square foot is $33. In August 2026, the average monthly cash on cash return in Allegany is 7.00%. The average monthly rental income in Allegany is $1,915.

Allegany, NY Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 31 investment properties available for sale in Allegany.

In 2026, the best neighborhood to buy investment property is Allegany.

The ROI for Long-Term is higher than the Short-Term in Allegany with average rental income of $1,915.

Your search for investment property begins and ends here

Investment Property for Sale in Allegany, NY

4137 Chapel Hill Rd

Allegany, NY

3 beds | 1 baths | 1,768 sq.ft.

$269,000

Airbnb cash on cash: 1.59%

Traditional cash on cash: 4.57%

Airbnb Rental Income: $1617

Traditional Rental Income: $1915

Airbnb ROI: 1.59%

Traditional ROI: 4.57%

29 Pine St

Allegany, NY

3 beds | 1 baths | 2,110 sq.ft.

$259,000

Airbnb cash on cash: 1.75%

Traditional cash on cash: 6.97%

Airbnb Rental Income: $1617

Traditional Rental Income: $2435

Airbnb ROI: 1.75%

Traditional ROI: 6.97%

Lot 9 Tanglewood Development

Allegany, NY

N/A beds | N/A baths | N/A

$75,000

Airbnb cash on cash: 1.25%

Traditional cash on cash: 7.37%

Airbnb Rental Income: $686

Traditional Rental Income: $836

Airbnb ROI: 1.25%

Traditional ROI: 7.37%

Lot 3 Tanglewood Development

Allegany, NY

N/A beds | N/A baths | N/A

$70,000

Airbnb cash on cash: 1.53%

Traditional cash on cash: 8.05%

Airbnb Rental Income: $686

Traditional Rental Income: $836

Airbnb ROI: 1.53%

Traditional ROI: 8.05%

Lot 12 Tanglewood Development

Allegany, NY

N/A beds | N/A baths | N/A

$75,000

Airbnb cash on cash: 1.25%

Traditional cash on cash: 7.37%

Airbnb Rental Income: $686

Traditional Rental Income: $836

Airbnb ROI: 1.25%

Traditional ROI: 7.37%

Lot 17 Tanglewood Development

Allegany, NY

N/A beds | N/A baths | N/A

$75,000

Airbnb cash on cash: 1.25%

Traditional cash on cash: 7.41%

Airbnb Rental Income: $686

Traditional Rental Income: $839

Airbnb ROI: 1.25%

Traditional ROI: 7.41%

Lot 13 Tanglewood Development

Allegany, NY

N/A beds | N/A baths | N/A

$75,000

Airbnb cash on cash: 1.25%

Traditional cash on cash: 7.37%

Airbnb Rental Income: $686

Traditional Rental Income: $836

Airbnb ROI: 1.25%

Traditional ROI: 7.37%

Lot 11 Tanglewood Development

Allegany, NY

N/A beds | N/A baths | N/A

$75,000

Airbnb cash on cash: 1.25%

Traditional cash on cash: 7.37%

Airbnb Rental Income: $686

Traditional Rental Income: $836

Airbnb ROI: 1.25%