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!
Closed
$124,900
514 3rd Ave, Olean, NY 14760
5beds
2,274sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$130,000 Zestimate®
$55/sqft
$1,219 Estimated rent
Home value
$130,000
$111,000 - $151,000
$1,219/mo
Zestimate® history
Owner options
List your home for rent
$1,219/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,219/mo
Rent Zestimate®
Refinance and save
$783/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$783/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Newer asphalt roofDry spacious basementLvt flooringNewer vinyl windowsBrand-new hot water tankBrand-new rubber roofNew exterior flood lighting
Zillow last checked:
Listing updated:
Listed by:
Mason J Meggo 716-866-7604,
HUNT Real Estate Corporation
Bought with:
Mason J Meggo, 10401392539
HUNT Real Estate Corporation
Source: NYSAMLSs,MLS#: B1592848
Originating MLS: Buffalo
Originating MLS: BuffaloFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air, Space Heater
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Luxury Vinyl, Varies
- Windows: Thermal Windows
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,274
- Total interior livable area: 2,274 sqft
Property
Parking
- Parking features: Paved, Parking Available, Two or More Spaces
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Patio
Lot
- Size: 8,712 Square Feet
- Dimensions: 51 x 130
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 04120009405000030760000000
- Zoning description: Residential 2 Unit
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Brick, Other, Vinyl Siding, PEX Plumbing
- Foundation: Poured
- Roof: Asphalt,Membrane,Rubber
Condition
- Resale
- Year built: 1900
Utilities & green energy
- Electric: Fuses
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: High Speed Internet Available, Sewer Connected, Water Connected
Community & HOA
Location
- Region: Olean
Financial & listing details
- Price per square foot: $55/sqft
- Tax assessed value: $55,000
- Annual tax amount: $3,590
- Date on market: 3/14/2025
- Cumulative days on market: 12 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2025 | Listing removed | $119,900-4%$53/sqft |
Source: HUNT ERA Real Estate #B1592848 Report a problem | ||
| 6/4/2025 | Sold | $124,900+4.2%$55/sqft |
Source:  NYSAMLSs #B1592848 Report a problem | ||
| 3/26/2025 | Pending sale | $119,900$53/sqft |
Source: NYSAMLSs #B1592848 Report a problem | ||
| 3/14/2025 | Listed for sale | $119,900+41.1%$53/sqft |
Source: NYSAMLSs #B1592848 Report a problem | ||
| 9/7/2023 | Sold | $85,000+33.9%$37/sqft |
Source: Public Record Report a problem | ||
| 7/15/2005 | Sold | $63,500$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $55,000 |
| 2024 | -- | $55,000 |
| 2023 | -- | $55,000 |
| 2022 | -- | $55,000 |
| 2021 | -- | $55,000 |
| 2020 | -- | $55,000 |
| 2019 | -- | $55,000 |
| 2018 | -- | $55,000 |
| 2017 | $826 | $55,000 |
| 2016 | -- | $55,000 |
| 2015 | -- | $55,000 |
| 2014 | -- | $55,000 |
| 2013 | -- | $55,000 |
| 2012 | -- | $55,000 |
| 2011 | -- | $55,000 |
| 2010 | -- | $55,000 |
| 2009 | -- | $55,000 +1398.6% |
| 2008 | -- | $3,670 |
| 2007 | -- | $3,670 |
| 2006 | -- | $3,670 |
| 2005 | -- | $3,670 |
| 2004 | -- | $3,670 |
| 2002 | -- | $3,670 |
| 2001 | -- | $3,670 |
Find assessor info on the county website
Neighborhood: 14760
Nearby homes
- $--3 bd1 ba2.2k sqft514 3rd Ave #2, Olean, NY 14760Off Market
- $97,5003 bd1 ba1.2k sqft510 3rd Ave, Olean, NY 14760Off Market
- $93,4002 bd1 ba1.3k sqft518 3rd Ave, Olean, NY 14760Off Market
- $35,2114 bd1 ba1.1k sqft524 3rd Ave, Olean, NY 14760Off Market
- $87,8004 bd2 ba1.8k sqft508 3rd Ave, Olean, NY 14760Off Market
- $56,0003 bd2 ba1.1k sqft509 3rd Ave, Olean, NY 14760Sold
- $79,9005 bd2 ba2.2k sqft513 3rd Ave, Olean, NY 14760Off Market
- $124,5004 bd2 ba1.9k sqft519 3rd Ave, Olean, NY 14760Off Market
Nearby schools
GreatSchools rating
- 3/10East View Elementary SchoolGrades: PK-3Distance: 0.7 mi
- 4/10Olean Middle SchoolGrades: 3-8Distance: 0.7 mi
- 6/10Olean Senior High SchoolGrades: 8-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Olean
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New York
- Cattaraugus County
- Olean
- 14760
- 514 3rd Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Olean Topics
