NOT LISTED FOR SALE

509 Irving St Olean, NY 14760

Estimated Value: $73,000 - $78,000

4 Beds
2 Baths
2,205 Sq Ft
$35/Sq Ft Est. Value

Last Sold March 21, 2025

Last sale price $76,000 $34 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $547/month

4 Days on Market

Highlights

  • Forced Air Heating System
  • Rectangular Lot
  • Vinyl Flooring

About This Home

As of March 2025

Fantastic investment opportunity in Olean, NY! This side-by-side 2-unit property offers a practical and appealing layout, perfect for investors or owner-occupants seeking rental income. Each unit features a welcoming first floor with a living room, kitchen, and dining room, creating a comfortable and functional living space. Upstairs, you’ll find two well-sized bedrooms and a full bathroom in each apartment, offering privacy and convenience for tenants or occupants. The property boasts a good-sized yard, ideal for outdoor enjoyment or entertaining, and a charming front deck to enhance curb appeal. Off-street parking adds a valuable convenience for tenants or guests. Whether you're looking to add to your portfolio or take the first step into real estate investing, this property is an excellent choice with its desirable location and practical amenities. Don’t miss your chance to own this versatile and promising property!

Last Agent to Sell the Property

Regis Handley

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-307-9256 License #10301215129 Listed on: 11/18/2024

Howard Hanna Professionals - Olean

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,024

Year Built

  • Built in 1910

Lot Details

  • 10,860 Sq Ft Lot
  • Lot Dimensions are 60x181
  • Rectangular Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,205 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Rent includes water
  • Tax Lot 17
  • Assessor Parcel Number 041200-094-072-0004-017-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,024

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1910
  • Attribution Contact: 716-307-9256
  • Lot Features: Rectangular, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Laminate, Varies, Vinyl
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

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

Exterior Features

  • Acres: 0.2493
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • 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: 041200-094-072-0004-017-000-0000
  • Lot Dimensions: 60X181
  • Lot Size Sq Ft: 10860.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 2024.0
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Mar 14, 2025
Sold by
D & A Development Llc
Bought by
Liliang Llc
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$79,900
Sold Price
$76,000
Premium/Discount to List
-$3,900
-4.88%
Views
5
Current Estimated Value
$76,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$629
Avg. Annual Appreciation
3.35%

Purchase Details

Closed on
Jan 8, 2024
Sold by
Odell Edward J
Bought by
D & A Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2001
Sold by
Clute Russell and Clute Nancy
Bought by
Odell Edward
Source: Public Records

Similar Homes in the area

  • 108 N 4th St, Olean, NY 14760

    $87,900

    • 4 Beds
    • 2 Baths
    • 2,388 Sq Ft
    • 108 N 4th St
    • Olean, NY

    Excellent investment opportunity or perfect for owner-occupancy! This well-maintained 2,388 sq ft two-unit property is ideally located near downtown Olean, offering easy access to shopping, dining, schools, parks, and other local amenities. Each unit features 2 bedrooms, 1 full bathroom, spacious living and dining areas, and separate utilities for tenant convenience. On-street parking is

    Regis Handley Howard Hanna Professionals - Olean

    Section Image
  • 123 Fulton St, Olean, NY 14760

    $79,900

    • 4 Beds
    • 2 Baths
    • 2,432 Sq Ft
    • 123 Fulton St
    • Olean, NY

    Check out this two family income property.

    John Dwaileebe Howard Hanna Professionals - Olean

    Section Image
  • 301 Coleman St, Olean, NY 14760

    $79,900

    • 4 Beds
    • 3 Baths
    • 2,764 Sq Ft
    • 301 Coleman St
    • Olean, NY

    Prime Investment Opportunity in North Olean!Nestled in the heart of North Olean, this 3-unit property offers incredible potential for investors or owner-occupiers. Located just around the corner from Olean Intermediate Middle School and a short stroll to Downtown Olean, this property provides convenience and accessibility in a highly desirable area.Each unit features separate

    Paul Pezzimenti Howard Hanna Professionals - Olean

    Section Image
  • Unlisted Address

    $79,900

    • 4 Beds
    • 2 Baths
    • 1,738 Sq Ft

    Great investment property two family home . set up a viewing today.

    John Dwaileebe Howard Hanna Professionals - Olean

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Liliang Llc $76,000 None Available
D & A Development Llc $50,000 None Available
Odell Edward $37,000 Thomas Rickert
Odell Edward $37,000 Thomas Rickert
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner D & A Development Llc $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 Sold $76,000 -4.9% $34 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
11/18/2024 11/18/24 For Sale $79,900 -- $36 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Tax History Compared to Growth

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 $1,435 $38,000 $5,200 $32,800
2023 $1,431 $38,000 $5,200 $32,800
2022 $1,451 $38,000 $5,200 $32,800
2021 $1,493 $38,000 $5,200 $32,800
2020 $1,504 $38,000 $5,200 $32,800
2019 $992 $38,000 $5,200 $32,800
2018 $1,485 $38,000 $5,200 $32,800
2017 $1,540 $38,000 $5,200 $32,800
2016 $1,523 $38,000 $5,200 $32,800
2015 -- $38,000 $5,200 $32,800
2014 -- $38,000 $5,200 $32,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1577970

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-072-0004-017-000-0000