Active

$32,000

1390 Olean Portville Rd, Olean, NY 14760

3beds

2,400sqft

Quadruplex, Multi Family

Built in 1890

-- sqft lot

$-- Zestimate^®

$13/sqft

$-- HOA

What's special

Unlock the potential in this fully vacant 4-unit property located in the Town of Portville. A true value-add opportunity, this building is ready for renovation and ideal for investors looking to rehab, reposition, and maximize rental income. With no current tenants, you can start work immediately without the challenges of inherited leases or occupancy delays. The property needs substantial updates, offering the chance to redesign floor plans, modernize systems, and bring the building to its highest and best use. Conveniently situated near local amenities, shopping, and major roadways, this location remains attractive for future renters. Whether you’re expanding your portfolio or searching for your next project, this multifamily structure provides strong upside for the right buyer.

64 days

304

11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4
Full bathrooms: 4

Heating

Gas, Forced Air

Cooling

Attic Fan

Appliances

Included: Gas Water Heater

Features

Ceiling Fan(s)
Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Varies
Basement: Full
Has fireplace: No

Interior area

Total structure area: 2,400
Total interior livable area: 2,400 sqft

Property

Parking

Parking features: Two or More Spaces

Features

Levels: Two
Stories: 2

Lot

Size: 0.3 Acres
Dimensions: 45 x 290
Features: Rectangular, Rectangular Lot, Residential Lot

Details

Parcel number: 04748909501700030250000000
Zoning description: Residential Multi Use
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Fourplex
Property subtype: Quadruplex, Multi Family

Materials

Composite Siding, PEX Plumbing
Foundation: Block
Roof: Asphalt,Shingle

Condition

Resale
Year built: 1890

Utilities & green energy

Electric: Circuit Breakers
Sewer: Septic Tank
Water: Well
Utilities for property: Electricity Connected

Community & HOA

Location

Region: Olean

Financial & listing details

Price per square foot: $13/sqft
Tax assessed value: $36,000
Annual tax amount: $1,462
Date on market: 11/21/2025
Listing terms: Cash
Tenant pays: All Utilities

Estimated market value

Not available

Estimated sales range

Not available

$971/mo

Price history

Date	Event	Price
11/21/2025	Listed for sale	$32,000$13/sqft
Source: NYSAMLSs #B1651697 Report a problem
5/31/2024	Listing removed	--
Source: NYSAMLSs #R1511970 Report a problem
1/22/2024	Price change	$32,000-11.1%$13/sqft
Source: NYSAMLSs #R1511970 Report a problem
11/30/2023	Listed for sale	$36,000+140%$15/sqft
Source: NYSAMLSs #R1511970 Report a problem
1/2/2001	Sold	$15,000$6/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	--	$36,000
2023	--	$36,000
2022	--	$36,000

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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