Seller's Agent in 2025
James Dwaileebe
3D Real Estate LLC
(716) 307-2300
8 in this area
14 Total Sales
8
Beds
5
Baths
2,950
Sq Ft
6,500
Sq Ft Lot
Highlights
- Zoned Heating and Cooling
- Carpet
- 4-minute walk to Lincoln Park
- Rectangular Lot
About This Home
As of December 2025This 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.
Last Agent to Sell the Property
Listing by 3D Real Estate LLC License #10491206584 Listed on: 09/03/2024
Last Buyer's Agent
Listing by 3D Real Estate LLC License #10491206584 Listed on: 09/03/2024
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 and Cooling
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 4 Units
- 5 Separate Gas Meters
Listing and Financial Details
- Rent includes all utilities
- Assessor Parcel Number 94.065-4-18
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/01/2025 12/01/25 | Sold | $155,000 | +2.0% | $53 / Sq Ft | |
| 07/21/2025 07/21/25 | Pending | -- | -- | -- | |
| 05/23/2025 05/23/25 | For Sale | $152,000 | 0.0% | $52 / Sq Ft | |
| 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 | View Prior Sale |
| 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)
Tax History Compared to Growth
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 | $3,857 | $61,000 | $7,500 | $53,500 |
| 2023 | $2,297 | $61,000 | $7,500 | $53,500 |
| 2022 | $2,330 | $61,000 | $7,500 | $53,500 |
| 2021 | $2,397 | $61,000 | $7,500 | $53,500 |
| 2020 | $4,165 | $61,000 | $7,500 | $53,500 |
| 2019 | $916 | $61,000 | $7,500 | $53,500 |
| 2018 | $5,011 | $61,000 | $7,500 | $53,500 |
| 2017 | $2,472 | $61,000 | $7,500 | $53,500 |
| 2016 | $4,184 | $61,000 | $7,500 | $53,500 |
| 2015 | -- | $61,000 | $7,500 | $53,500 |
| 2014 | -- | $61,000 | $7,500 | $53,500 |
Source: Public Records
Agents Affiliated with this Home
-
James Dwaileebe
-
Dennis Pezzimenti
Seller's Agent in 2014
Dennis Pezzimenti
Howard Hanna
(716) 378-8989
24 in this area
51 Total Sales
-
J
Buyer's Agent in 2014
Jennifer Glatz
No Office Affiliation
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1562789
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Homes.com, LLC are marked with the IDX logo and include the Listing Broker’s Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties
are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Homes.com, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Nearby Homes