$152,000
PENDING $37K PRICE DROP

204 N Barry St Olean, NY 14760

Estimated payment $1,114/month

Total Views 55,255
8 Beds
5 Baths
2,950 Sq Ft
$52 Price per Sq Ft

Highlights

  • Zoned Heating
  • Carpet
  • 4-minute walk to Lincoln Park
  • Rectangular Lot

About This Home

This is a 5 unit apartment complex located in downtown Olean next to JCC. Zoned Commercial. 3 of the units are currently rented by long term tenants that pay on time. The 4th unit is vacant and ready to move in. The 5th unit is under construction. The Broker/Appraiser estimates the gross yearly rent to be $48,000 annually with a $28,000 Net profit. The CAP rate at full asking price is 15.8 %. 5 total units, 8 total bedrooms, 5 total bathrooms. Off Street parking. 2 minute walk to downtown Olean.

Listing Agent

James Dwaileebe

Listing by 3D Real Estate LLC License #10491206584

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,249

Year Built

  • Built in 1930

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Rectangular Lot

Parking

  • Parking Available

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • 2,950 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Zoned Heating
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units
  • 5 Separate Gas Meters

Listing and Financial Details

  • Assessor Parcel Number 94.065-4-18

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,249

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: All Utilities
  • Year Built: 1930
  • Lot Features: Rectangular
  • Directions: Next door to JCC
  • Architectural Style: Fourplex
  • Flooring: Carpet, Varies, Vinyl
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Crawl Space
  • Full Bathrooms: 5
  • Total Bedrooms: 8
  • Stories: 2
  • Stories: 2

Exterior Features

  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Parking Available

Utilities

  • Cooling: Zoned
  • Heating: Gas, Zoned
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 94.065-4-18
  • Lot Dimensions: 50X130
  • Lot Size Sq Ft: 6500.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: Commercial
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 3249.0

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

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 Pending -- -- --
03/05/2025 03/05/25 Price Changed $152,000 -1.9% $52 / Sq Ft
03/03/2025 03/03/25 Price Changed $154,900 -2.6% $53 / Sq Ft
12/18/2024 12/18/24 Price Changed $159,000 -11.2% $54 / Sq Ft
12/04/2024 12/04/24 Price Changed $179,000 -5.3% $61 / Sq Ft
09/03/2024 09/03/24 For Sale $189,000 +293.8% $64 / Sq Ft
10/03/2014 10/03/14 Sold $48,000 -18.6% $21 / Sq Ft
05/20/2014 05/20/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $59,000 -- $26 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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

MLS Number: B1562789

Western New York Real Estate Information Services (WNYREIS)