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Sold on 05/03/2022

521 2nd Ave, Olean, NY 14760

  • $690,000

    Last sold 05/03/2022

  • —

    bed

  • —

    bath

  • 3,202

    Sqft ($215/Sqft)

Multi-family not for sale
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About 521 2nd Ave

Property type Multi-family
Neighborhood
Year built 1910
HOA fee $0/month
Lot size 6,499 Sqft
Property description
High-income four-unit rental property. All separate utilities that the tenants pay for. 12%+ cap rate (~$1,200 in insurance, vacancy expense of 10%, operating expense of 10%, and taxes. The units are well taken care of and feature newer systems. Due to the Coronavirus outbreak, showings will not be allowed. Attempts at virtual showings are not guaranteed.
Listed by
Listing Agent - Paul Pezzimenti
Listing Office - Howard Hanna Professionals
Source: NYSAMLS’s mls logo
MLS#R1259806 • last updated 4 years ago
Movoto checked NYSAMLS’s for data 9 minutes ago
Overview
Heating Gas, Forced Air
Levels/Style Two, Fourplex
MLS # R1259806
SqFt 3202
SubType Multi Family
Status Closed
Lot Size (SqFt) 6500
Lot Size (Acres) 0.1492
Property Tax 4910
Tax Assessed Value 90000
Condition Resale
Interior
Basement Full
Flooring Carpet, Laminate, Varies
Interior Features Ceiling Fan(s)
Exterior
Roof Asphalt
Construction Vinyl Siding
Parking Gravel, Two Or More Spaces
Lot Desc Residential Lot
Amenities / Utilities
Appliances Gas Water Heater
Utilities Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Sewer/ Septic Connected
Electricity Circuit Breakers
Water Source Connected, Public
Location
Elementary School East View Elementary
Middle School Olean Middle
High School District Olean
High School Olean Senior High
APN 041200-094-050-0001-031-000-0000
Directions From Route 16, Turn Onto Front St, Turn Onto Second Ave, The Property Is On The Left
Multifamily Details
Owner Pays Grounds Care
# of Separate Electric Meters 4
# of Separate Gas Meters 4
Net Operating Income -4910
Operating Expense Includes Insurance, Maintenance Structure, Maintenance, Professional Management
Lot/ Land Details
Road Frontage City Street
We are not permitted to show value estimates for this property.
  • Dec 2025
    mls logo MLS # B1654936
  • Dec 15, 2025 Listed
    $149,900 (-78.3%)
  • May 2022
    Public Records
  • May 3, 2022 Sold
    $690,000 (+762.5%)
  • Sep 2020
    mls logo MLS # R1259806
  • Sep 14, 2020 Sold
    $80,000 (-27.3%)
  • Jun 19, 2020 Pending
    —
  • May 21, 2020 Price Change
    $110,000 (-21.4%)
  • Apr 9, 2020 A-Active
    $139,900
  • Apr 8, 2020 Listed
    $139,900 (+64.6%)
  • Oct 2015
    Public Records
  • Oct 7, 2015 Sold
    $85,000
  • 521 2nd Ave
    $690K
  • Olean-city-041200
    —
  • 14760
    $134K -3% y/y
  • Olean
    $134K -3% y/y
No chart available
Statistics calculated by Movoto

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4/10
Olean Middle School
public Grades 2-7, 9-10
Olean City School District
3/10
Olean Senior High School
public Grades 8-12
Olean City School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • NY
  • Cattaraugus County
  • Olean
  • 14760
  • 521 2nd Ave
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