311 N 6th St

Olean, NY 14760

$131,000
Last Sold Price
—
Beds
—
Baths
3,782 Sq. Ft.
$35 / Sq. Ft.
3,782
Sq. Ft.
$35
per Sq. Ft.
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Closed 11/2/22
Closed 11/2/22

Description

This 5-unit rental property is ready to go with a 15% cap rate (see the last picture). With several updates including a new furnace, some new drywall, and has a brand new roof (Jan 2022). There is one parking space for tenants on the property. There are refrigerators and oven/ranges for each of the units and 2 sets of washers and dryers that the landlord owns. Three of the units are heated with electric baseboard (all but one paid by tenants), and the others are with furnaces with one of the furances...This 5-unit rental property is ready to go with a 15% cap rate (see the last picture). With several updates including a new furnace, some new drywall, and has a brand new roof (Jan 2022). There is one parking space for tenants on the property. There are refrigerators and oven/ranges for each of the units and 2 sets of washers and dryers that the landlord owns. Three of the units are heated with electric baseboard (all but one paid by tenants), and the others are with furnaces with one of the furances being brand new. The studio apartment water and electric is paid by the landlord. Water is $80-120 per month and electric for the studio is about $30.

Property Details for 311 North 6th Street

On Waterfront
No
Parking Description
One Space, No Garage
Nearest Cross Street
West Sullivan Street
LISTING UPDATED: 04/15/2026 08:50 PM

Property Details for 311 North 6th Street

StatusClosed
MLS #R1387207
Days on Market172
Taxes$2,435 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Other
Year Built1910
Lot Size0.15 AC / 6,400 SF
CountyCattaraugus County
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Location

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Building Information for 311 North 6th Street

Stories2Residences5Year Built1910Building Size-Lot Size0.15 AC / 6,400 SF

Payment Calculator

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$863 per month

30 year fixed, 6.46% Interest

Principal and Interest

$660

Property Taxes

$203

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 311 North 6th Street

Summary
Location and General Information
  • Elementary School Name: Washington West Elementary
  • Elementary School District: Olean
  • High School Name: Olean Senior High
  • High School District: Olean
  • Middle School Name: Olean Middle
  • Middle Or Junior School District: Olean
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Olean-City-041200
  • Tax Annual Amount: $2,435.00
Property
Lot Information
  • Building Area Total: 3782.0
  • Land Features: Residential Lot
  • Num Of Acres: 0.1469
  • Lot Size Area: 0.1469
  • Lot Size Square Feet: 6400.0
  • Lot Size Units: Acres
  • Parcel Number: 041200-094-056-0007-012-000-0000
  • Road Frontage: City Street
  • Lot Number: 12
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $44,500
  • Year Built: 1910
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 5
  • Num Of Gas Meters: 5
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: None
  • Construction Materials: Wood Siding
  • Exterior Features: Concrete Driveway
  • Roof Description: Asphalt
Interior Features
  • Appliances: Dryer, Electric Oven, Electric Range, Electric Water Heater, Gas Water Heater, Refrigerator, See Remarks, Washer
  • Basement Description: None
  • Basement YN: No
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Laminate, Varies
  • Heating: Electric, Gas, Baseboard, Forced Air
  • Heating YN: Yes
  • Interior Features: Programmable Thermostat
  • Levels: Two
  • Sq Ft Total: 3782.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $33,000.00
  • Net Operating Income: $22,740.00
  • Number Of Units Total: 5
  • Operating Expenses: $7,825.00
  • Operating Expense Includes: Utilities, Water Sewer
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: Other, See Remarks, Water

Property History for 311 North 6th Street

DateEvent & SourcePriceAppreciation
Feb 17, 2026

Expired

WNYREIS #B1651036

—
Feb 1, 2026

POM

WNYREIS #B1651036

—
Nov 14, 2025

Listed (Active)

WNYREIS #B1651036

$249,900—
DateEvent & SourcePrice
02/17/2026

Expired

WNYREIS #B1651036

—
02/01/2026

POM

WNYREIS #B1651036

—
11/14/2025

Listed (Active)

WNYREIS #B1651036

$249,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 311 North 6th Street

Taxable ValueLand$10,200Additions$78,800Total$89,000
Tax Record2024$3,360 ($280 / month)
Home Facts
Total Finished SqFt2,558 SqFtAbove Grade Finished SqFt2,558 SqFtUnfinished Basement SqFt1,224 SqFtStories2Lot Size6,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyCATTARAUGUSAPN041200 94.056-7-12

Schools near 311 North 6th Street

This home is within Olean City School District.
Rating
School
Type
Grades
Distance
Olean Middle School
Public - 3 to 8
Olean Senior High School
Public - 8 to 12
East View Elementary School
Public - PK to 3
Washington West Elementary School
Public - PK to 3
Rating
School
Distance
Olean Middle School
Public3 to 8

Olean Senior High School
Public8 to 12

East View Elementary School
PublicPK to 3

Washington West Elementary School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Howard Hanna Professionals

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.