5555 Nichols Run Road
About This Property
Nestled on 4.69 acres in the Town of Carrollton, this rustic camp is your ideal basecamp for outdoor adventure. Located minutes from Allegany State Park, a short drive to Allegheny National Forest, and right up the road from a vast network of ATV/UTV and snowmobile trails, you'll never run out of places to explore.
Set in a private, peaceful setting with scenic views from the deck, the property offers a solid block foundation that could be used as a garage. Inside, the forced air system isn't currently functional, but the cozy fireplace keeps the space warm and inviting. The well and septic have served the property reliably over the years, though they will not be tested or certified, as this is being sold as a camp.
Whether you're looking for a quiet getaway in the country, a hunting camp, or a home base for year-round recreation, this property delivers the charm, location, and potential you've been searching for.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2025 | Sold | ||
| Sold | |||
| Aug 27, 2025 | In contract | - | |
| In contract | |||
| Jul 22, 2025 | Listed by Howard Hanna Professionals - Olean | $84,999 | |
| Listed by Howard Hanna Professionals - Olean | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017