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    635 S Union St Olean, NY 14760

    Pending
    For Sale
    $144,900

    MULTI_FAMILY - Olean, NY

    Property size:
    4,000 SF
    Lot size:
    0.31 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 6 at 5:06 am

    Property Features for 635 S Union St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 7, Bedroom 6
    Bedrooms
    7
    APN
    041200-094-081-0002-023-000-0000
    Parking features
    Garage
    Exterior features
    ConcreteDriveway
    Appliances
    AppliancesNegotiable, ElectricWaterHeater, GasWaterHeater
    Size
    4,000 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Natural Gas, Baseboard, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    7
    Flooring type
    Varies, Laminate, Carpet
    Building materials
    VinylSiding, WoodSiding
    Roof type
    Membrane, Flat, Asphalt, Rubber, Shingle

    Howard Hanna Holt Real Estate (716) 269-4208 [email protected]

    Listing agent Regis Handley (716) 372-1155 License #10301215129

    Listing date Oct 29, 2025

    MLS# R1637766 Listing URL

    Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seven-Unit Multifamily Investment Opportunity

    This seven-unit apartment building in Olean, NY, presents an investment opportunity with strong rental income potential. The property includes ample off-street parking, with over 10 spaces available for tenants. Unit 1 is a recently remodeled one-bedroom, one-bath apartment, currently vacant and ready to lease. Unit 2 is also newly remodeled and vacant, featuring a spacious one-bedroom, one-bath layout. Units 3, 4, 5, and 6 are currently rented, generating income. Unit 7 is currently in the eviction process. The property, situated on a 0.3115-acre lot, offers immediate income potential and a mix of renovated and income-producing apartments, making it suitable for investors seeking to expand their portfolio. The building has a total area of 4000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.430453
    Latitude
    42.068744

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit apartment building with strong rental income potential and ample parking.
    Where is this apartment building located?
    The property is located at 635 S Union St Olean, NY.
    What is the asking price?
    The asking price for this property is $144,900.
    What are key features of this property?
    This property features: - Strong rental income potential from a 7-unit apartment building.; - Two newly remodeled, vacant 1-bedroom, 1-bath units ready to lease immediately.; - Ample off-street parking with 10+ spaces for tenants.
    (716) 372-1155
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    635 S Union St Olean, NY 14760
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    Olean, NY 14760
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    635 S Union St Olean, NY 14760
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