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Two-Unit Duplex Investment Property
For Sale
$59,000
Pending

614 Garden Avenue, Olean, NY 14760

MULTI_FAMILY - Olean, NY

Property Size1,824 SF
Lot Size0.06 Acres
Days on Market47

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 Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Basement, Bathroom 1, Bedroom 4
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 Varies, Vinyl, Carpet
Building materials Frame
Listing Agency: Howard Hanna Professionals - Olean
Listed By: John J. Dwaileebe · License #40DW0994003
Added: Jul 17 Changed: Aug 16 Last Checked: Sep 1 at 6:06PM
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.

Investment Insights

Based on property information with market context.

This two-unit duplex offers two bedrooms and one bath in each apartment. The property is frame construction and built in 1880, with tenant occupancy in both units. Interior finishes include carpet and vinyl floors, with a layout that includes bedrooms, multiple bathrooms, and a basement.

Utilities and core services are in place, including public water. Heating is provided via natural gas forced air systems, and both units have electric and gas water heaters.

On-site parking is paved or surfaced. The lot size is 0.0551 acres, and the property size is 1,824 square feet.

Key Highlights

  • Two‑unit duplex with two bedrooms and one bath per unit
  • Both apartments are tenant occupied
  • Built in 1880; frame construction

Property Analytics

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

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit duplex with two bedrooms and one bath per unit, tenant occupied, on public water and natural gas heat.
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 two bedrooms and one bath per unit; Both apartments are tenant occupied; Built in 1880; frame construction
More about this property
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