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Olean 14760
514 3rd Avenue
$124,900
● Multifamily - Off Market

514 3rd Avenue

Olean, NY 14760
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,274 Ft²
$888
Est. Monthly
24.53%
Cap Rate

About This Property

Beautifully renovated duplex in a prime location near Olean General Hospital, making it a fantastic investment for an Airbnb, rental, or owner-occupied home. With a newer asphalt roof and a brand-new rubber roof on the flat portion, this property has been completely updated, featuring all-new electric, a brand-new hot water tank, and LVT flooring and carpet throughout. Both units are freshly painted and include newer vinyl windows, with the upstairs unit boasting a charming porch. The dry, spacious basement offers excellent storage or potential additional living space, while the newly roofed shed and blacktop driveway provide ample off-street parking. Situated in a cute, quiet neighborhood with new exterior flood lighting for added security and convenience, this duplex is an incredible opportunity. Its unbeatable location near the hospital makes it ideal for traveling medical professionals, short-term renters, or long-term tenants-don't miss out on this move-in-ready gem!
Unit Size
2,274 Ft²
Days on Market
82 days
Land Size
0.20 acres
Price per sqft
$53
Property Type
Multifamily
Property Taxes
$299
HOA Dues
-
Year Built
1900

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Last updated: 12 months ago (NYSAMLS #B1592848)

Price History

Date / Event Date Event Price
Jun 4, 2025 Sold
Sold
Mar 27, 2025 In contract -
In contract
Mar 14, 2025 Listed by HUNT Real Estate Corporation $119,900
Listed by HUNT Real Estate Corporation
Sep 7, 2023 Sold
Sold
Jul 15, 2005 Sold
Sold

Property Highlights

Parking Details
Parking Features: Paved, ParkingAvailable, TwoOrMoreSpaces
Interior Details
Full Bathrooms: 2
Appliances: Gas Water Heater
Flooring Type: Carpet, Luxury Vinyl, Varies
Basement: Full, Walk-Out Access
Exterior Details
Square Footage: 2274
Property Condition: Resale
Architectural Style: Duplex
Year Built: 1900
Building Area Total: 2274
Levels: Two
Window Features: ThermalWindows
Construction Materials: Brick, Other, Vinyl Siding, PexPlumbing
Patio and Porch Features: Patio
Lot Features: Near Public Transit, Rectangular Lot, Rectangular, ResidentialLot
Lot Size Area: 0.2
Lot Size Units: Acres
Lot Size Acres: 0.2
Lot Size Square Feet: 6695
Lot Size Dimensions: 51X130
Tax Lot: 76
Water Source: Public, Connected
Financial Details
Tax Assessed Value: $55,000
Tax Annual Amount: $3,590
Utilities Details
Heating Type: Natural Gas, Forced Air, Space Heater
Sewer : Connected

Comparables

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20250314
03/14/2025
5 Bed
2 Bath
2274 ft²
$119,900
bedrooms
5 Bed
bathrooms
2 Bath
square feet
2274 ft²
$124,900 +4.17%
06/04/2025
Mason Meggo
HUNT Real Estate Corporation

Building Info

514 3rd Avenue 514 3rd Avenue, Olean, NY 14760
More about this Building
514 3rd Avenue
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About Olean


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