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Olean 14760
405 4th Avenue
$47,000
● House - Off Market

405 4th Avenue

Olean, NY 14760
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$418
Est. Monthly

About This Property

Welcome to this charming 1.75-story property offering a warm, functional layout and plenty of flexible living space. The main floor features a spacious mudroom, an inviting flow between living areas, and a bonus room off the kitchen that would make an excellent home office, play room, or potential third bedroom. Upstairs, you'll find two comfortable bedrooms and a full bath. Laundry is conveniently located in the basement, providing additional storage potential as well. Outside, enjoy off-street parking, a storage shed for extra convenience, and a generously sized yard with room to relax, garden, or entertain.
Unit Size
1,100 Ft²
Days on Market
56 days
Land Size
0.15 acres
Price per sqft
$45
Property Type
House
Property Taxes
$172
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (NYSAMLS #R1681842)

Price History

Date / Event Date Event Price
Jul 9, 2026 Sold
Premium
Sold
May 20, 2026 In contract -
In contract
May 14, 2026 Listed by Howard Hanna Professionals - Olean $49,900
Listed by Howard Hanna Professionals - Olean
Apr 30, 2014 Sold
Premium
Sold
Nov 12, 2009 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,100
  • Building Area: 1,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,100
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961500

Zoning

  • Zoning: R3

Geography

  • Account Number: 017155
  • District: 041200
  • Section: 94.50
  • Parcel: 041200 94.050-2-24
  • Block: 2
  • Lot: 24.000
  • Municipality: OLEAN
  • Latitude: 42.0873
  • Longitude: -78.4234

    Address

  • Full Address: 405 4th Ave
  • Address - House Number: 405
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Olean
  • Carrier Code: C011
  • 4-Digit Zip Code: 1711
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $100,523
  • Tax Rate Code Area: 041200

    Appraisal Valuation

  • Standard Deviation: 0.1539
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 95,700
  • High Value: 110,437
  • Low Value: 80,962

    Market Valuation

  • Market Total Value: $46,154
  • Market Land Value: $6,538
  • Market Improvement Value: $39,616

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $5,100
  • Assessed Improvements Value: $30,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 28, 2014
  • Current Sale Recording Date: Apr 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 12, 2009
  • Previous Sale Contract Date: Nov 10, 2009
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Olean

Stats & Trends

Median Asking:

$139,900

Sale Price/ft²

$85

Below Asking

0.05%

Average Days on Market

83

Average Home Size

1735 ft²

Average Home Age

113.7 years

Currently For Sale

63 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NYSAMLS

Last Updated: 3 months ago
Data Source: NYSAMLSs, MLS# R1681842

Frequently Asked Questions

When was property at 405 4th Avenue built and last sold?
The property at 405 4th Avenue was built in 1900 and last sold on Apr 28, 2014 for $30,000.
How much is this home worth?
The estimated value of the home located at 405 4th Avenue is $54,312.
What are some comparable homes to 405 4th Avenue?
There are currently no comparable homes to 405 4th Avenue.
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