$149,900

521 2nd Ave Olean, NY 14760

Estimated payment $1,206/month

Total Views 280
5 Beds
4 Baths
3,202 Sq Ft
$47 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • Carpet
  • Ceiling Fan
  • Rectangular Lot

About This Home

This 4 unit investment property is located in the heart of Olean, close to the hospital, manufacturing locations, schools, the highway and the restaurants and shops downtown! Currently, this building has one vacant unit and the property is managed by On Point Property Management. Which is great news for investors or someone who wants to owner occupy the building. All of the utilities have been split up and are paid by the tenants.

Listing Agent

Patricia Collier

Listing by RE/MAX On Point Brokerage Phone: 716-373-7325 License #10401295212 Listed on: 12/15/2025

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,051

Year Built

  • Built in 1910

Lot Details

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

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,202 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Common or Shared Parking
  • Gravel Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • 4 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 041200-094-050-0001-031-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,051

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1910
  • Attribution Contact: 716-373-7325
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Carpet, 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: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1492
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Common, Gravel, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-050-0001-031-000-0000
  • Lot Dimensions: 50X130
  • Lot Size Sq Ft: 6500.0
  • ResoLotSizeUnits: Acres

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: 4

Tax Info

  • Tax Annual Amount: 5051.0
  • Tax Lot: 31

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 List to Sale Price per Sq Ft Prior Sale
12/15/2025 12/15/25 For Sale $149,900 +87.4% $47 / Sq Ft
09/14/2020 09/14/20 Sold $80,000 -27.3% $25 / Sq Ft View Prior Sale
06/19/2020 06/19/20 Pending -- -- --
05/20/2020 05/20/20 Price Changed $110,000 -21.4% $34 / Sq Ft
04/08/2020 04/08/20 For Sale $139,900 +64.6% $44 / Sq Ft
10/05/2015 10/05/15 Sold $85,000 -32.0% $27 / Sq Ft View Prior Sale
08/01/2015 08/01/15 Pending -- -- --
01/21/2014 01/21/14 For Sale $125,000 -- $39 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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

MLS Number: B1654936

Western New York Real Estate Information Services (WNYREIS)