This is a 5 unit apartment complex located in downtown Olean next to JCC. Zoned Commercial. 3 of the units are currently rented by long term tenants that pay on time. The 4th unit is vacant and ready to move in. The 5th unit is under construction. The Broker/Appraiser estimates the gross yearly rent to be $48,000 annually with a $28,000 Net profit. The CAP rate at full asking price is 15.8 %. 5 total units, 8 total bedrooms, 5 total bathrooms. Off Street parking. 2 minute walk to downtown Olean.
Closed
Zillow last checked:
Listing updated:
Bought with:
James Dwaileebe, 10491206584
3D Real Estate LLC
Source: NYSAMLSs,MLS#: B1562789
Originating MLS: Buffalo
Originating MLS: BuffaloPrice history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Sold | $155,000+2%$53/sqft |
Source:  NYSAMLSs #B1562789 Report a problem | ||
| 9/6/2025 | Pending sale | $152,000$52/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 9/5/2025 | Listing removed | $152,000$52/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 7/21/2025 | Pending sale | $152,000$52/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 5/23/2025 | Listed for sale | $152,000$52/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 4/21/2025 | Pending sale | $152,000$52/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 3/5/2025 | Price change | $152,000-1.9%$52/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 3/3/2025 | Price change | $154,900-2.6%$53/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 12/18/2024 | Price change | $159,000-11.2%$54/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 12/4/2024 | Price change | $179,000-5.3%$61/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 9/3/2024 | Listed for sale | $189,000-14.1%$64/sqft |
Source: NYSAMLSs #B1562789 Report a problem | ||
| 8/31/2023 | Listing removed | -- |
Source: NYSAMLSs #B1494114 Report a problem | ||
| 8/28/2023 | Listed for sale | $219,900+358.1%$75/sqft |
Source: NYSAMLSs #B1494114 Report a problem | ||
| 10/3/2014 | Sold | $48,000-2%$16/sqft |
Source: NYSAMLSs #B444088 Report a problem | ||
| 5/21/2014 | Listing removed | $49,000$17/sqft |
Source: DBP Realty #B444088 Report a problem | ||
| 5/13/2014 | Price change | $49,000-16.9%$17/sqft |
Source: DBP Realty #B444088 Report a problem | ||
| 3/6/2014 | Listed for sale | $59,000$20/sqft |
Source: DBP Realty #B444088 Report a problem | ||
| 1/28/2014 | Listing removed | $59,000$20/sqft |
Source: DBP Realty #B444088 Report a problem | ||
| 1/13/2014 | Listed for sale | $59,000$20/sqft |
Source: DBP Realty #B444088 Report a problem | ||
