635 S Union St

Olean, NY 14760

$144,900
Price
7
Beds
—
Baths
4,000 Sq. Ft.
$36 / Sq. Ft.
4,000
Sq. Ft.
$36
per Sq. Ft.
Pending
Pending

Description

Excellent investment opportunity with this 7-unit apartment building offering strong rental income potential and plenty of off-street parking for tenants, with 10+ spaces available. Unit 1 is a freshly remodeled 1-bedroom, 1-bath apartment, currently vacant and ready to lease for $850–$900. Unit 2 has also been newly remodeled and vacant, a spacious 1-bedroom, 1-bath unit with rental potential of $800–$850. Units 3 and 4 are currently rented, each bringing in approximately $750 per month, while Unit...Excellent investment opportunity with this 7-unit apartment building offering strong rental income potential and plenty of off-street parking for tenants, with 10+ spaces available. Unit 1 is a freshly remodeled 1-bedroom, 1-bath apartment, currently vacant and ready to lease for $850–$900. Unit 2 has also been newly remodeled and vacant, a spacious 1-bedroom, 1-bath unit with rental potential of $800–$850. Units 3 and 4 are currently rented, each bringing in approximately $750 per month, while Unit 5 is also leased at $750. Unit 6 is rented at $700, and Unit 7, also at $700, is currently in the eviction process. With updated units already in place, solid rental history, and immediate income potential, this property is ideal for an investor looking to grow their portfolio with a mix of renovated and income-producing apartments.
  1. Listed by Regis Handley • Howard Hanna Professionals - Olean
    P: (716)-372-1155 C: (716)-307-9256 RegisHandley@howardhanna.com

Property Details for 635 South Union Street

On Waterfront
No
Parking Description
One And One Half Spaces, Garage, No Garage
Nearest Cross Street
River Road
LISTING UPDATED: 10/29/2025 04:32 PM

Property Details for 635 South Union Street

StatusPending
MLS #R1637766
Days on Market47
Taxes$4,769 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1910
Lot Size0.31 AC / 13,568 SF
CountyCattaraugus County

Location

Listing Courtesy of Howard Hanna Professionals - Olean
Add your commute

Building Information for 635 South Union Street

Stories2Residences7Year Built1910Building Size-Lot Size0.31 AC / 13,568 SF

Payment Calculator

$1,104 per month

30 year fixed, 6.15% Interest

Principal and Interest

$706

Property Taxes

$397

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 635 South Union Street

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
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Olean-City-041200
  • Tax Annual Amount: $4,769.00
Property
Lot Information
  • Building Area Total: 4000.0
  • Land Features: Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.3115
  • Lot Size Area: 0.3115
  • Lot Size Square Feet: 13568.0
  • Lot Size Units: Acres
  • Parcel Number: 041200-094-081-0002-023-000-0000
  • Road Frontage: City Street
  • Lot Number: 23
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $85,000
  • Year Built: 1910
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Siding
  • Exterior Features: Concrete Driveway
  • Foundation Description: Slab
  • Roof Description: Asphalt, Flat, Membrane, Rubber, Shingle
Interior Features
  • Appliances: Appliances Negotiable, Electric Water Heater, Gas Water Heater
  • Num Of Possible Bedrooms: 7
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Laminate, Varies
  • Heating: Electric, Gas, Baseboard
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 4000.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: Common Area Maintenance, Parking, Snow Removal

Property History for 635 South Union Street

DateEvent & SourcePriceAppreciation
Oct 29, 2025

Pending

WNYREIS #R1637766

—
Sep 12, 2025

Listed (Active)

WNYREIS #R1637766

$144,900—
Aug 5, 2022

Sold (Public Record)

Public Record #1500529959

$253,500

+639.8% / yr

Jan 28, 2022

Sold (Public Record)

Public Record #1484725858

$90,000

-1.8% / yr

May 2, 2016

Sold (Public Record)

Public Record #572916483

$100,000—
DateEvent & SourcePrice
10/29/2025

Pending

WNYREIS #R1637766

—
09/12/2025

Listed (Active)

WNYREIS #R1637766

$144,900
08/05/2022

Sold (Public Record)

Public Record #1500529959

$253,500

+639.8% / yr

01/28/2022

Sold (Public Record)

Public Record #1484725858

$90,000

-1.8% / yr

05/02/2016

Sold (Public Record)

Public Record #572916483

$100,000

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

Public Records for 635 South Union Street

Taxable ValueLand$18,400Additions$66,600Total$85,000
Tax Record2024$5,638 ($470 / month)
Home Facts
Total Finished SqFt4,000 SqFtAbove Grade Finished SqFt4,000 SqFtStories2Lot Size13,568 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyCATTARAUGUSAPN041200 94.081-2-23

Schools near 635 South Union Street

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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Listing Courtesy of Howard Hanna Professionals - Olean

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.