115 Burger Place Olean, NY 14760
MULTI_FAMILY - Other - Olean, NY
- Added:
- Dec 22, 2025
- Days on Market:
- 204
- Last Refresh:
- Jul 14 at 8:06 am
Property Features for 115 Burger Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 041200-094-064-0013-017-000-0000
- Size
- 2,024 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2885
Utilities
- Heating system
- Natural Gas, Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet, Vinyl, Varies
- Building materials
- WoodSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Kelly Patrone License #30PA0967867 (716) 353-3222
Listing office Howard Hanna Professionals - Olean 410 Wayne Street, Mayville, NY (716) 372-1155
Listing date Dec 22, 2025
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Two‑family home with 2 units: one unit has 3 bedrooms and 1 full bath, and the other has 2 bedrooms and 1 full bath
- Both units are fully occupied, offering rental income in place
- Brand‑new roof plus fresh interior and exterior paint reported in recent updates
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $12.00 |
| − Vacancy | −$2.1k | −$1.02 |
| EGI | $22.2k | $10.98 |
| − OpEx | −$10.0k | −$4.94 |
| NOI | $12.2k | $6.04 |
