$80,000
$519K PRICE DROP

753 Garden Ave Unit 55 Olean, NY 14760

Estimated payment $531/month

Total Views 16,673
6 Beds
2 Baths
3,328 Sq Ft
$24 Price per Sq Ft

Highlights

  • Wood Flooring
  • Corner Lot
  • Forced Air Heating System

About This Home

Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes five properties consisting of a mix of multi-family and single-family homes, totaling 11 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers seeking a solid, diversified entry into the market.

Included in this portfolio are 201 N 18th St (3-unit), 206 S 13th St (2-unit), 753-755 Garden Ave (2-unit), 125 N 3rd St (2-unit), and 217 King St (2-unit). These properties are located in strong rental demand areas, ensuring a steady stream of income. With a combination of multi-family and single-family units, this portfolio offers a diverse investment strategy, reducing risk while maximizing potential returns.

Priced at $440,000 this investment presents a great cap rate opportunity with room for increased cash flow through strategic management. The Olean rental market remains strong and stable, making this an attractive long-term investment. Don’t miss out on this turnkey portfolio

Listing Agent

Regis Handley

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-307-9256 License #10301215129 Listed on: 03/13/2025

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,256

Year Built

  • Built in 1880

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 100x50
  • Corner Lot
  • Rectangular Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 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

  • Tax Lot 45
  • Assessor Parcel Number 041200-094-066-0003-045-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,256

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1880
  • Attribution Contact: 716-307-9256
  • Lot Features: Corner Lot, Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Carpet, Hardwood, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1148
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Driveway

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: 041200-094-066-0003-045-000-0000
  • Lot Dimensions: 100X50
  • Lot Size Sq Ft: 5000.0
  • 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: 1256.0
  • Tax Lot: 45

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

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 $887 $23,500 $1,700 $21,800
2023 $885 $23,500 $1,700 $21,800
2022 $897 $23,500 $1,700 $21,800
2021 $923 $23,500 $1,700 $21,800
2020 $930 $23,500 $1,700 $21,800
2019 $463 $23,500 $1,700 $21,800
2018 $1,354 $23,500 $1,700 $21,800
2017 $973 $24,000 $1,700 $22,300
2016 $962 $24,000 $1,700 $22,300
2015 -- $24,000 $1,700 $22,300
2014 -- $24,000 $1,700 $22,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2025 09/13/25 Price Changed $80,000 -83.1% $24 / Sq Ft
08/04/2025 08/04/25 Price Changed $474,000 -17.4% $142 / Sq Ft
07/15/2025 07/15/25 Price Changed $574,000 -4.2% $172 / Sq Ft
03/13/2025 03/13/25 For Sale $599,000 -- $180 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $11,137 --
Foreclosure Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $75,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

About the Listing Agent

Regis Handley
Regis Handley

Listing by Howard Hanna Professionals - Olean

(585) 517-2953

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

View Regis's Profile

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Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1592378

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-066-0003-045-000-0000

New York Cattaraugus County Olean 14760

753 Garden Ave Unit 55, Olean, NY

This home is located at 753 Garden Ave Unit 55, Olean, NY 14760 and is currently priced at $80,000, approximately $24 per square foot. This property was built in 1880. 753 Garden Ave Unit 55 is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and New Life Christian School.

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.

Chautauqua-Cattaraugus Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Regis Handley
Regis Handley
Listing Agent Section Image
Howard Hanna Professionals - Olean
(585) 517-2953