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Tenant-Occupied Duplex
For Sale
$59,000
Pending

614 Garden Avenue, Olean, NY 14760

Residential, Olean, NY

Property Size1,824 SF
Lot Size0.06 Acres
Days on Market92

Property Features for 614 Garden Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Bedroom 2, Bedroom 4, Basement, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Parking features Paved or Surfaced
Appliances ElectricWaterHeater, GasWaterHeater
Lot features Rectangular, Rectangular Lot, Residential Lot
Elementary school district Olean
Middle school district Olean
High school district Olean
Subdivision Olean-City-041200
Standard status Pending
APN 041200-094-066-0004-002-000-0000
Size 1,824 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Annual Amount 1869

Utilities

Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1880
Floors in Building 2
Number of units 2
Flooring type Carpet, Varies, Vinyl
Building materials Frame
Listing Agency: Howard Hanna Professionals - Olean
Listed By: John J. Dwaileebe · License #40DW0994003
Added: Jul 17 Changed: Sep 16 Last Checked: Oct 16 at 11:06PM
MLS# R1699491

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.

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Investment Insights

Based on property information with market context.

This duplex contains 1,824 square feet within a frame residential structure built in 1880. The property includes two separate apartments and a basement, with flooring that varies between carpet and vinyl. Heating is provided by a natural-gas forced-air system, and water service is public.

Both apartments are currently tenant occupied. The property sits on 0.0551 acres at 614 Garden Avenue in Olean, New York, with paved or surfaced parking available on site. Electric and gas water heaters are listed among the improvements.

Key Highlights

  • Two‑unit duplex with both apartments tenant occupied
  • 1,824 square feet on a 0.0551‑acre lot
  • Frame construction dating to 1880

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Auto Parts Store Daycare Center Plumbing Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

635
Businesses Nearby

Demographics for 14760, NY

18,031
Population
8,917
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
277
Density / Sq Mi
$52,569
Median Household Income
$35,754
Median Earnings
$777
Median Rent
$99,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with separate apartments, public water, natural-gas forced-air heat, and paved parking.
Where is this duplex located?
The property is located at 614 Garden Avenue Olean, NY.
What is the asking price?
The asking price for this property is $59,000.
What are key features of this property?
This property features: Two‑unit duplex with both apartments tenant occupied; 1,824 square feet on a 0.0551‑acre lot; Frame construction dating to 1880
More about this property
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