For saleReduced $15,000 from $265,000Virtual tour

$250,000

1,684 SF building0.07 acre lotBuilt 1950

492 Olean StreetRotterdam, NY 12306

Multifamily property · MLS 12002846 · Listed 40 days ago (Sep 25, 2026)

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Active: Listed and available according to the MyStateMLS feed.

About this property

An incredible house-hacking opportunity awaits! Live in one unit while letting the other two cover your mortgage; or add a solid multi-unit asset to your portfolio. This charming property functions as three distinct living spaces: a 3-bedroom main floor, a 2-bedroom upper flat, and a private 1-bedroom lower-level apartment. Numerous updates throughout the home: ceilings, insulation, windows, flooring, trimwork, doors, baseboards, electrical outlets, light fixtures, dimmers. Kitchens have newer cabinets, appliances including built in microwaves, countertops and deep sinks, backsplashes. Furnace: new starter ignition and circulator pump.Exterior: painted front/garage doors, insulation, hard-wired lights with sensors. Multiple hose hook-ups with hot water to one. Enjoy a fenced front yard w/ solar lights and a spacious two-car garage complete with 1/2 bath, 2 sinks, and ample overhead storage. Parking for 5. Outdoor gazebo, propane fire pit, electric fireplaces-Unit 1 and Unit 2 has a built-in, and all A/C units to convey. Excluded: large wardrobe in Upper Unit. Located in a flexible B-2 zoning district and convenient to shopping, dining, and commuter routes. Sold as-is (inspections for buyer informational purposes only). Located in the Mohonasen School district. *BOM due to buyer financing issue.

Description provided by the listing brokerage.

Key facts

Asking price
$250,000
Original list price
$265,000
Status
For sale
Property type
MultifamilyFrom the MLS property class
Building area
1,684 SFSource field LivingArea
Land area
0.07 acresSource field LotSizeAcres
Year built
1950
MLS number
12002846

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.

Price

Asking price
$250,000
Price per SF of building
$148/SFAsking price ÷ 1,684 SF reported building area
Annual taxes
$3,422

Building and site

Units
2Source field NumberOfUnitsTotal
County
Schenectady County

Reported features

  • Parking reported (from a listing field)

A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.

Listing details

Flooring

  • Vinyl
  • Tile

Basement

  • Walk-Out Access
  • Finished

Heating

  • Hot Water
  • Baseboard
  • Natural Gas

Parking

  • Driveway

Construction

  • Wood Siding
  • Shake Siding

Roof

  • Metal
  • Asphalt

Sewer

  • Other

Virtual tours and video

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Rotterdam or multifamily property in Rotterdam.

Why this listing is on Commercial Only

  • Multi-unit income property class. (PropertyTypeDetail: multi-unit)

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Price and status history

  • Original list price reported by the brokerage: $265,000

Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.

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Guides

Listing courtesy of Miranda Real Estate Group Inc. Listing agent: Laura Sherman. Listings provided by MyStateMLS.

Listing last modified at the source Nov 3, 2026, 12:50 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 2:31 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.