$32,000

1390 Olean Portville Rd Olean, NY 14760

Estimated payment $289/month

Total Views 6,494
3 Beds
4 Baths
2,400 Sq Ft
$13 Price per Sq Ft

Highlights

  • Wood Flooring
  • Attic Fan
  • Ceiling Fan
  • Portville Elementary School Rated A-
  • Forced Air Heating System
  • Rectangular Lot

About This Home

Unlock the potential in this fully vacant 4-unit property located in the Town of Portville. A true value-add opportunity, this building is ready for renovation and ideal for investors looking to rehab, reposition, and maximize rental income. With no current tenants, you can start work immediately without the challenges of inherited leases or occupancy delays. The property needs substantial updates, offering the chance to redesign floor plans, modernize systems, and bring the building to its highest and best use. Conveniently situated near local amenities, shopping, and major roadways, this location remains attractive for future renters. Whether you’re expanding your portfolio or searching for your next project, this multifamily structure provides strong upside for the right buyer.

Listing Agent

Austin Lopez

Listing by eXp Realty Brokerage Phone: 716-936-0806 License #10401304373 Listed on: 11/21/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1890

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 45x290
  • Rectangular Lot

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Block Foundation
  • Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Attic Fan

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Schools

  • Portville Junior-Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • PEX Plumbing
  • Well
  • Gas Water Heater
  • Septic Tank

Community Details

  • 4 Units
  • 1 Separate Gas Meter

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 047489-095-017-0003-025-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,462

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1890
  • Attribution Contact: 716-936-0806
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street, Main Thoroughfare
  • Architectural Style: Fourplex
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Varies
  • Interior Features: Ceiling Fan(s)
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.2996
  • Waterfront: No
  • Construction Type: Composite Siding, PEX Plumbing
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Two or More Spaces

Utilities

  • Cooling: Attic Fan
  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Electricity Connected
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Portville
  • Ninth Grade High School: Portville Junior-Senior High

Lot Info

  • Parcel Number: 047489-095-017-0003-025-000-0000
  • Lot Dimensions: 45X290
  • Lot Size Sq Ft: 13050.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: Residential Multi Use

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 1462.0
  • Tax Lot: 25

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,546 $36,000 $7,300 $28,700
2023 $1,519 $36,000 $7,300 $28,700
2022 $1,455 $36,000 $7,300 $28,700
2021 $1,486 $36,000 $7,300 $28,700
2020 $1,492 $36,000 $7,300 $28,700
2019 $830 $36,000 $7,300 $28,700
2018 $1,510 $36,000 $7,300 $28,700
2017 $1,487 $36,000 $7,300 $28,700
2016 $2,357 $36,000 $7,300 $28,700
2015 -- $36,000 $7,300 $28,700
2014 -- $36,000 $7,300 $28,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2025 11/21/25 For Sale $32,000 -- $13 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Purchase History

Date Type Sale Price Title Company
Deed $15,000 Carole Mc Nall
Source: Public Records

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1651697

Western New York Real Estate Information Services (WNYREIS)

APN: 047489-095-017-0003-025-000-0000