Last Sold Price
7 beds3 baths2,865 sqft$131/sqft
6460 Olean Rd, Wales, NY 14139

Description

GREAT OPPORTUNITY for first time and experienced buyers/investors alike. Two multiple unit properties on two spacious lots with ample parking in South Wales combined for 7 unit rental investment. Nice money maker. @ CAP Rate 12.5%. Owner retiring to warmer climate. Several units have been updated in past 5 yrs. Carpets cleaned per agreement every two years by tenants. No pets allowed. No smoking allowed. Relatively clean and well maintained units. Location is ideal at end of Rt 400 and have had little...GREAT OPPORTUNITY for first time and experienced buyers/investors alike. Two multiple unit properties on two spacious lots with ample parking in South Wales combined for 7 unit rental investment. Nice money maker. @ CAP Rate 12.5%. Owner retiring to warmer climate. Several units have been updated in past 5 yrs. Carpets cleaned per agreement every two years by tenants. No pets allowed. No smoking allowed. Relatively clean and well maintained units. Location is ideal at end of Rt 400 and have had little issues getting qualified renters during turnover. Reasonable South Wales taxes and strong rents = PROFITS. Showings will take place on Sundays ONLY between 12-3PM by appointment only. Please schedule now. Offers reviewed as they come in.
LISTING CLOSED: 11/24/2021 12:00 AM

  1. Listed by Daniel P Myers • Trank Real Estate
    P: (716) 655-1611 C: (716) 812-6809 dmyers@trankrealestate.com

Property Details for 6460 Olean Road

Status
MLS #
B1348599
Days on Market
12
Taxes
$6,850 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Residential
Year Built
1900
Lot Size
1.42 AC / 61,855 SF
Styles Of Residence
Triplex, Fourplex
On Waterfront
No
Parking Description
Common, Gravel, Unpaved
Nearest Cross Street
Emery

Recent comparable sales

Median sold price

$442,500

Avg days on market

28

Sale-to-list ratio

95.7%

Wales, NY

9 comparable properties found

$450,000 | 155 West 200 S Street, Wales, UT 84667
1

$450,000

Sold 12/01/25

6
Bedrooms
3,132
Square Feet
1.06
Acres
$325,000 | 11749 Carpenter Road, Wales, NY 14139
1/2
2

$325,000

Sold 11/08/24

3
Bedrooms
2,240
Square Feet
20
Acres
$370,000 | 11872 Carpenter Road, Wales, NY 14139
1/2
3

$370,000

Sold 01/15/26

3
Bedrooms
2,200
Square Feet
1.5
Acres
$450,000 | 5374 Reiter Road, Wales, NY 14052
1/2
4

$450,000

Sold 09/18/24

4
Bedrooms
2,481
Square Feet
2.7
Acres
$575,000 | 215 Pembroke Way, Unit 217, Wales, WI 53183
5

$575,000

Sold 03/05/26

6
Bedrooms
2,118
Square Feet
0.8
Acres
$410,000 | 12121 Warner Hill Road, Wales, NY 14139
1/2
6

$410,000

Sold 10/17/25

3
Bedrooms
2,028
Square Feet
6.28
Acres
$450,000 | 218 North Elias Street, Wales, WI 53183
7

$450,000

Sold 11/01/24

4
Bedrooms
2,886
Square Feet
0.71
Acres
$490,000 | 12 Haynes Hill Road, Wales, MA 01081
1/42
8

$490,000

Sold 07/16/25

4
Bedrooms
2,432
Square Feet
2.02
Acres
$460,000 | 8 Ruby Lane, Wales, ME 04280
1/69
9

$460,000

Sold 11/15/24

3
Bedrooms
2,856
Square Feet
1.9
Acres

Location

Listing Courtesy of Trank Real Estate

Sold By Trank Real Estate

Add your commute

Building Information for 6460 Olean Road

Stories2Residences7Year Built1900Building Size-Lot Size1.42 AC / 61,855 SF

Payment Calculator

$2,477 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,906

Property Taxes

$571

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 6460 Olean Road

Summary
Location and General Information
  • Elementary School District: Holland
  • High School District: Holland
  • Middle Or Junior School District: Holland
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Wales-146600
  • Tax Annual Amount: $6,850.00
Property
Lot Information
  • Building Area Total: 2865.0
  • Land Features: Wooded
  • Num Of Acres: 1.42
  • Lot Size Area: 1.42
  • Lot Size Square Feet: 61855.0
  • Lot Size Units: Acres
  • Parcel Number: 146600-201-160-0001-018-000
  • Road Frontage: Main Thoroughfare
  • Lot Number: 18
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $58,500
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 7
  • Num Of Gas Meters: 7
  • Sewer Description: Septic Tank
  • Water Supply: Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Composite Siding, Wood Siding
  • Foundation Description: Stone
  • Roof Description: Asphalt
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Varies, Vinyl
  • Heating: Gas, Forced Air, Hot Water, Steam, Space Heater, Wall Furnace
  • Heating YN: Yes
  • Interior Features: Ceiling Fans
  • Levels: Two
  • Sq Ft Total: 2865.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $52,500.00
  • Net Operating Income: $42,650.00
  • Number Of Units In Community: 3
  • Number Of Units Total: 7
  • Operating Expenses: $3,000.00
  • Operating Expense Includes: Accounting, Insurance, Legal, Maintenance, Snow Removal
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Other - See Remarks
  • Unit Type Total Rent: $550.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 550
Unit 2
  • Unit Type Actual Rent: $575.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Other - See Remarks
  • Unit Type Total Rent: $575.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 575
Unit 3
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: Oven/ Range,Other - See Remarks
  • Unit Type Total Rent: $800.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 800
Rental
Rental Information
  • Rent Includes: Common Area Maintenance, Gardener, Snow Removal, Trash Collection, Water

Property History for 6460 Olean Road

DateEvent & SourcePriceAppreciation
Nov 24, 2021

Sold

New York State Alliance of MLSs (Buffalo) #B1348599

$375,000
Nov 24, 2021

Sold

WNYREIS #B1348599

$375,000
Oct 4, 2021

Sold (Public Record)

Public Record #1479463239

$187,500

+7.4% / yr

DateEvent & SourcePrice
11/24/2021

Sold

New York State Alliance of MLSs (Buffalo) #B1348599

$375,000
11/24/2021

Sold

WNYREIS #B1348599

$375,000
10/04/2021

Sold (Public Record)

Public Record #1479463239

$187,500

+7.4% / yr

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

Public Records for 6460 Olean Road

Taxable ValueLand$7,500Additions$51,000Total$58,500
Tax Record2025$1,786 ($149 / month)
Home Facts
Baths3Total Finished SqFt2,865 SqFtAbove Grade Finished SqFt2,865 SqFtStories2Lot Size61,855 SqFtStyleTriplexYear Built1900CountyERIEAPN146600 201.16-1-18

Schools near 6460 Olean Road

This home is within Holland Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - 6 to 12
Rating
School
Distance
Harold O Brumsted Elementary School
PublicPK to 4

Holland Middle School
Public5 to 8

Holland High School
Public9 to 12

The Gow School
Private6 to 12

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.

Similar Homes

New listings in 14139

$429,900 | 5880 Hunters Creek Road, Wales, NY 14139
1/49

Howard Hanna WNY Inc. • MLS #B1705409

$429,900

4
Bedrooms
2,615
Square Feet
2.7
Acres
$649,900 | 12997 Centerline Road, Wales, NY 14139
1/46

eXp Realty • MLS #B1684349

$649,900

4
Bedrooms
3,696
Square Feet
12.7
Acres
$129,900 | Vermont Hill Road, South Wales, NY 14139
1/8

RE/MAX Precision • MLS #B1684041

$129,900

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.94
Acres
$299,000 | 6443 Olean Road, Wales, NY 14139
1/12

RE/MAX Precision • MLS #B1678763

$299,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.45
Acres
$429,000 | 6451 Olean Road, Wales, NY 14139
1/47

RE/MAX Precision • MLS #B1670883

$429,000

5
Bedrooms
3,792
Square Feet
0.37
Acres
$295,000 | 12516 Centerline Road, Wales, NY 14139
1/25

Danahy Real Estate • MLS #B1670873

$295,000

3
Bedrooms
1,678
Square Feet
11.4
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 6460 Olean Road, Wales, NY 14139
$375,000
7
3
2,865
61,855
2
1
1,237
43,560
$187,500
4
2,072
22,869
$50,000
1
1
722
1,307
1
272
82,764
$215,000
4
2,113
43,560

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Trank Real Estate

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.