$144,900
PENDING

635 S Union St Olean, NY 14760

Estimated payment $1,150/month

Total Views 25,789
7 Beds
-- Bath
4,000 Sq Ft
$36 Price per Sq Ft

Highlights

  • Baseboard Heating
  • Rectangular Lot
  • Carpet
  • Garage
  • Wood Siding

About This Home

Excellent investment opportunity with this 7-unit apartment building offering strong rental income potential and plenty of off-street parking for tenants, with 10+ spaces available. Unit 1 is a freshly remodeled 1-bedroom, 1-bath apartment, currently vacant and ready to lease for $850–$900. Unit 2 has also been newly remodeled and vacant, a spacious 1-bedroom, 1-bath unit with rental potential of $800–$850. Units 3 and 4 are currently rented, each bringing in approximately $750 per month, while Unit 5 is also leased at $750. Unit 6 is rented at $700, and Unit 7, also at $700, is currently in the eviction process. With updated units already in place, solid rental history, and immediate income potential, this property is ideal for an investor looking to grow their portfolio with a mix of renovated and income-producing apartments.

Listing Agent

Regis Handley

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-307-9256 License #10301215129 Listed on: 09/12/2025

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,769

Year Built

  • Built in 1910

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 106x128
  • Rectangular Lot

Home Design

  • Slab Foundation
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 7 Bedrooms
  • 4,000 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Parking

  • Garage
  • No Garage
  • Driveway

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 7 Units

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 041200-094-081-0002-023-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,769

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Common Area Maintenance, Parking, Snow Removal
  • Year Built: 1910
  • Attribution Contact: 716-307-9256
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Carpet, Laminate, Varies
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built Details: Existing
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Appliances: Appliances Negotiable, Electric Water Heater, Gas Water Heater
  • Total Bedrooms: 7
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.3115
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: One and One Half Spaces, Garage, No Garage

Utilities

  • Heating: Electric, Gas, Baseboard
  • 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: 041200-094-081-0002-023-000-0000
  • Lot Dimensions: 106X128
  • Lot Size Sq Ft: 13568.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 4769.0
  • Tax Lot: 23

Map

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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 $5,374 $85,000 $18,400 $66,600
2023 $3,200 $85,000 $18,400 $66,600
2022 $3,246 $85,000 $18,400 $66,600
2021 $3,340 $85,000 $18,400 $66,600
2020 $3,363 $85,000 $18,400 $66,600
2019 $1,276 $85,000 $18,400 $66,600
2018 $4,585 $85,000 $18,400 $66,600
2017 $3,445 $85,000 $18,400 $66,600
2016 $3,408 $85,000 $18,400 $66,600
2015 -- $85,000 $18,400 $66,600
2014 -- $85,000 $18,400 $66,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2025 10/29/25 Pending -- -- --
09/12/2025 09/12/25 For Sale $144,900 -- $36 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

About the Listing Agent

Regis Handley

Listing by Howard Hanna Professionals - Olean

(585) 575-2506

Section Image

With over a decade of experience in residential, commercial, and multi-family real estate across Western New York and Northern Pennsylvania, I bring deep market knowledge, strong negotiation skills, and a hands-on approach to every transaction. Whether you're buying your first home, selling an investment property, or relocating your business, I provide personalized service and clear communication every step of the way. Backed by Howard Hanna and a strong local network, I'm committed to getting

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Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1637766

Chautauqua-Cattaraugus Board of REALTORS®