521 2nd Ave

Olean, NY 14760

$149,900
Price
5
Beds
3,202 Sq. Ft.
$47 / Sq. Ft.
3,202
Sq. Ft.
$47
per Sq. Ft.

Description

This 4 unit investment property is located in the heart of Olean, close to the hospital, manufacturing locations, schools, the highway and the restaurants and shops downtown! Currently, this building has one vacant unit and the property is managed by On Point Property Management. Which is great news for investors or someone who wants to owner occupy the building. All of the utilities have been split up and are paid by the tenants.This 4 unit investment property is located in the heart of Olean, close to the hospital, manufacturing locations, schools, the highway and the restaurants and shops downtown! Currently, this building has one vacant unit and the property is managed by On Point Property Management. Which is great news for investors or someone who wants to owner occupy the building. All of the utilities have been split up and are paid by the tenants.
  1. Listed by Patricia L Collier • RE/MAX On Point
    P: (716)-373-7325 C: (716)-307-3727 patricia.collier@remax.net

Property Details for 521 2nd Avenue

On Waterfront
No
Parking Description
Common, Gravel, Two Or More Spaces
Nearest Cross Street
Front St
LISTING UPDATED: 01/16/2026 12:17 PM

Property Details for 521 2nd Avenue

StatusActive
MLS #B1654936
Days on Market71
Taxes$5,051 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1910
Lot Size0.15 AC / 6,500 SF
CountyCattaraugus County

Location

Listing Courtesy of RE/MAX On Point
Add your commute

Building Information for 521 2nd Avenue

Stories2Residences4Year Built1910Building Size-Lot Size0.15 AC / 6,500 SF

Payment Calculator

$1,152 per month

30 year fixed, 6.15% Interest

Principal and Interest

$731

Property Taxes

$421

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 521 2nd Avenue

Summary
Location and General Information
  • Elementary School District: Olean
  • High School District: Olean
  • Middle Or Junior School District: Olean
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Olean-City-041200
  • Tax Annual Amount: $5,051.00
Property
Lot Information
  • Building Area Total: 3202.0
  • Land Features: Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.1492
  • Lot Size Area: 0.1492
  • Lot Size Square Feet: 6500.0
  • Lot Size Units: Acres
  • Parcel Number: 041200-094-050-0001-031-000-0000
  • Road Frontage: City Street
  • Lot Number: 31
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $90,000
  • Year Built: 1910
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 4
  • Num Of Gas Meters: 4
  • 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
  • Construction Materials: Vinyl Siding
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 5
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Laminate, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Interior Features: Ceiling Fans
  • Levels: Two
  • Sq Ft Total: 3202.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Operating Expense Includes: Manager, Snow Removal, Supplies
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $650.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 650
Unit 2
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Laundry-In Unit,Living Room
  • Unit Type Total Rent: $700.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 700
Unit 3
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $600.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 600
Unit 4
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $600.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 600
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 521 2nd Avenue

DateEvent & SourcePriceAppreciation
Dec 15, 2025

Listed (Active)

WNYREIS #B1654936

$149,900—
May 2, 2022

Sold

WNYREIS #R1352770

$690,000—
Dec 27, 2021

Pending

WNYREIS #R1352770

—
Jul 17, 2021

Listed (Active)

WNYREIS #R1352770

$750,000—
Sep 14, 2020

Sold

WNYREIS #R1259806

$80,000—
Jun 19, 2020

Pending

WNYREIS #R1259806

—
Apr 8, 2020

Listed (Active)

WNYREIS #R1259806

$139,900—
Oct 5, 2015

Sold (Public Record)

Public Record #560649044

$85,000—
Oct 5, 2015

Sold

WNYREIS #B444594

$85,000—
Aug 1, 2015

Pending

WNYREIS #B444594

—
Jan 21, 2014

Listed (Active)

WNYREIS #B444594

$125,000—
DateEvent & SourcePrice
12/15/2025

Listed (Active)

WNYREIS #B1654936

$149,900
05/02/2022

Sold

WNYREIS #R1352770

$690,000
12/27/2021

Pending

WNYREIS #R1352770

—
07/17/2021

Listed (Active)

WNYREIS #R1352770

$750,000
09/14/2020

Sold

WNYREIS #R1259806

$80,000
06/19/2020

Pending

WNYREIS #R1259806

—
04/08/2020

Listed (Active)

WNYREIS #R1259806

$139,900
10/05/2015

Sold (Public Record)

Public Record #560649044

$85,000
10/05/2015

Sold

WNYREIS #B444594

$85,000
08/01/2015

Pending

WNYREIS #B444594

—
01/21/2014

Listed (Active)

WNYREIS #B444594

$125,000

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

Public Records for 521 2nd Avenue

Taxable ValueLand$10,300Additions$79,700Total$90,000
Tax Record2024$3,398 ($283 / month)
Home Facts
Total Finished SqFt2,026 SqFtAbove Grade Finished SqFt2,026 SqFtStories2Lot Size6,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyCATTARAUGUSAPN041200 94.050-1-31

Schools near 521 2nd Avenue

This home is within Olean City School District.
Rating
School
Type
Grades
Distance
Olean Middle School
Public - 2 to 10
Olean Senior High School
Public - 8 to 12
Washington West Elementary School
Public - PK to 3
East View Elementary School
Public - PK to 3
Rating
School
Distance
Olean Middle School
Public2 to 10

Olean Senior High School
Public8 to 12

Washington West Elementary School
PublicPK to 3

East View 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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More information about 521 2nd Avenue, Olean, NY 14760

521 2nd Avenue is a multi-family home for sale in Olean, NY 14760. This property was listed for sale on December 15, 2025 by RE/MAX On Point, it's currently listed at $149,900. It has been on the market for a total of 71 days and was last sold on May 2, 2022. This listing's school district is Olean City School District. Nearby schools include Olean Middle School, Olean Senior High School and Washington West Elementary School. 521 2nd Avenue is a 5-bed, 4-bath, 3,202 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX On Point

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.