# 947 N Union Street, Olean, NY 14760 > **TL;DR:** 6bd/3ba residential multi family, $159,900 ($45/sqft), built 1915, 3,536 sqft. > Hardwood. Est. $856/mo. Listed 19 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $159,900 | | Price/sqft | $45 | | Bedrooms | 6 | | Bathrooms | 3 full | | Square Feet | 3,536 | | Year Built | 1915 | | Lot Size | 5,227 sqft (0.12 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 19 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $809 | | Estimated Insurance | $47 | | **Total** | **$856** | ## Nearby Schools - **Elementary:** East View Elementary - **Middle:** Olean Middle - **High:** Olean Senior High ## Key Amenities - Hardwood ## Property Highlights - Built in 1915 - 0.12 acre lot - 2 stories ## Description ### Agent Description THREE UNITS, THREE LONG-TERM TENANCIES, AND WOODWORK YOU HAVE TO SEE Some multi-family properties are bought for the spreadsheet alone. This one gives you both - a solid set of numbers and a building people actually want to live in. THE CONDITION The property presents as well maintained throughout - looked after rather than merely occupied. All three units are in solid rentable condition today, with incredible woodwork throughout. WHAT HAS ALREADY BEEN DONE NEW SEWER LINE FROM THE STREET. If you have owned rental property in an older neighborhood, you know exactly what this is worth. It is among the most expensive and disruptive repairs a building of this era can face, and it is done. UPDATED ELECTRICAL PANELS. UTILITIES LARGELY SEPARATED by unit, keeping operating costs predictable and accountability clear. THE LAYOUT Three units, six bedrooms, and three baths in total. Each unit has its own porch-private outdoor space for each tenancy-and the upstairs unit has two. The front lower unit has its own laundry. The upper and rear units share a laundry area in the basement. THE INCOME PICTURE All three units are occupied under long-term tenancies, so the property produces income from day one rather than after a lease-up period. Current rents sit below market. That is deliberate, not an oversight: the income has room to move for a buyer who wants it, and the in-place figures are conservative rather than stretched. PLEASE NOTE, in the interest of a clean transaction: there is no off-street parking, and the owner currently pays electric and water for the lower front and rear units. AVAILABLE AS A PACKAGE These three units may be purchased together with a nearby duplex held by the same owner - a combined five units in a single transaction, with one seller and one closing timeline. Each property is a one- to four-unit residential building and can also be purchased individually. Buyers should confirm financing structure with their own lender. ## Location - **Address:** 947 N Union Street, Olean, NY 14760 - **County:** Cattaraugus - **Coordinates:** 42.091311, -78.434517 - **Google Maps:** https://www.google.com/maps?q=42.091311,-78.434517 ## Virtual Tour & Media - **Video Tour:** https://tour.giraffe360.com/e50689692e754678b5d0d788c6673df1 ## Listing Agent - **Name:** Paul Pezzimenti · **License:** 10301214758 - **Brokerage:** Howard Hanna Holt Real Estate - **Phone:** 7163787039 - **Broker Phone:** (716) 269-4208 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/947-N-Union-St_Olean_NY_14760_M48525-62734?f=listhub&s=BNARNY&m=R1710917&c=propsimple) ## Photos ![947 N Union Street - Photo 1](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f593709439r.jpg) ![947 N Union Street - Photo 2](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f2820860699r.jpg) ![947 N Union Street - Photo 3](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f2442015431r.jpg) ![947 N Union Street - Photo 4](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f765523616r.jpg) ![947 N Union Street - Photo 5](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f549423335r.jpg) ![947 N Union Street - Photo 6](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f1661238877r.jpg) ![947 N Union Street - Photo 7](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f2696238775r.jpg) ![947 N Union Street - Photo 8](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f2464188064r.jpg) ![947 N Union Street - Photo 9](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f992923621r.jpg) ![947 N Union Street - Photo 10](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3239940777r.jpg) ![947 N Union Street - Photo 11](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f1253670962r.jpg) ![947 N Union Street - Photo 12](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f1369944247r.jpg) ![947 N Union Street - Photo 13](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f4211127147r.jpg) ![947 N Union Street - Photo 14](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3095140472r.jpg) ![947 N Union Street - Photo 15](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f910574932r.jpg) ![947 N Union Street - Photo 16](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3258275559r.jpg) ![947 N Union Street - Photo 17](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3793377628r.jpg) ![947 N Union Street - Photo 18](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f2507208042r.jpg) ![947 N Union Street - Photo 19](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f2491263508r.jpg) ![947 N Union Street - Photo 20](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3173136110r.jpg) ![947 N Union Street - Photo 21](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3445397086r.jpg) ![947 N Union Street - Photo 22](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f4088309897r.jpg) ![947 N Union Street - Photo 23](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f684127809r.jpg) ![947 N Union Street - Photo 24](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f1232030161r.jpg) ![947 N Union Street - Photo 25](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3459775977r.jpg) ![947 N Union Street - Photo 26](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3297808959r.jpg) ![947 N Union Street - Photo 27](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f1202180634r.jpg) ![947 N Union Street - Photo 28](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3026470181r.jpg) ![947 N Union Street - Photo 29](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f91404928r.jpg) ![947 N Union Street - Photo 30](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3459502401r.jpg) ![947 N Union Street - Photo 31](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3460926443r.jpg) ![947 N Union Street - Photo 32](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f540670286r.jpg) ![947 N Union Street - Photo 33](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f820049458r.jpg) ![947 N Union Street - Photo 34](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f4005746r.jpg) ![947 N Union Street - Photo 35](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3900698317r.jpg) ![947 N Union Street - Photo 36](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3858100438r.jpg) ![947 N Union Street - Photo 37](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f2881629275r.jpg) ![947 N Union Street - Photo 38](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3441207245r.jpg) ![947 N Union Street - Photo 39](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f993939650r.jpg) ![947 N Union Street - Photo 40](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f220470429r.jpg) ![947 N Union Street - Photo 41](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f616136405r.jpg) ![947 N Union Street - Photo 42](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f332981249r.jpg) ![947 N Union Street - Photo 43](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f2013649463r.jpg) ![947 N Union Street - Photo 44](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f1053758605r.jpg) ![947 N Union Street - Photo 45](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f1761737818r.jpg) ![947 N Union Street - Photo 46](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f3589261581r.jpg) ![947 N Union Street - Photo 47](http://lh.rdcpix.com/ca3a340a477379bab4dd3d9e74e7122dl-f1444572870r.jpg) --- **MLS#:** R1710917 | **Updated:** 2026-09-16 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/947-n-union-street-olean-ny-14760-r1710917) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/947-n-union-street-olean-ny-14760-r1710917#listing", "url": "https://www.propertysimple.ai/listing/947-n-union-street-olean-ny-14760-r1710917", "name": "947 N Union Street, Olean, NY 14760", "description": "THREE UNITS, THREE LONG-TERM TENANCIES, AND WOODWORK YOU HAVE TO SEE Some multi-family properties are bought for the spreadsheet alone. This one gives you both - a solid set of numbers and a building people actually want to live in. THE CONDITION The property presents as well maintained throughout - looked after rather than merely occupied. All three units are in solid rentable condition today, with incredible woodwork throughout. WHAT HAS ALREADY BEEN DONE NEW SEWER LINE FROM THE STREET. If you have owned rental property in an older neighborhood, you know exactly what this is worth. It is among the most expensive and disruptive repairs a building of this era can face, and it is done. UPDATED ELECTRICAL PANELS. UTILITIES LARGELY SEPARATED by unit, keeping operating costs predictable and accountability clear. THE LAYOUT Three units, six bedrooms, and three baths in total. Each unit has its own porch-private outdoor space for each tenancy-and the upstairs unit has two. The front lower unit has its own laundry. The upper and rear units share a laundry area in the basement. THE INCOME PICTURE All three units are occupied under long-term tenancies, so the property produces income from day one rather than after a lease-up period. Current rents sit below market. 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