$40,000
SOLD SEP 19, 2025

1019 Spruce St Unit 1 Olean, NY 14760

5 Beds
4 Baths
2,608 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$15 Per Sq Ft

11% Below List Price

3 Days on Market

Highlights

  • Property is near public transit
  • Space Heater
  • Carpet
  • Corner Lot

About This Home

As of September 2025

Here is a money making apartment house, There are 4 apartments. One of them is empty. All the utilities are separated including the water, however the owner is responsible for collecting the water bill plus the rent.
The seller would like to sell this house plus the neighboring house, 1025 Spruce St, together. Of course at this price there are improvements to be made, but there is so much potential. All the tenants want to stay. There are a couple of garages that need to be torn down. The total income for this house is $1,800 per month. There is plenty of off street parking. Take a drive and check out the neighborhood.

Last Agent to Sell the Property

Linda Simons

Listing by ERA Team VP Real Estate Brokerage Phone: 585-610-5805 License #10301206822 Listed on: 07/08/2025

ERA Team VP Real Estate

Last Buyer's Agent

Ron Wolf

Listing by Real Estate Pros & More License #30WO0580127

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x132
  • Corner Lot
  • Rectangular Lot

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • 2,608 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Location

  • Property is near public transit

Utilities

  • Space Heater
  • Heating System Uses Gas
  • Wall Furnace
  • Gravity Heating System
  • Gas Water Heater

Community Details

  • 4 Units
  • 4 Separate Gas Meters

Listing and Financial Details

  • Rent includes gardener, water
  • Tax Lot 10
  • Assessor Parcel Number 041200-094-048-0001-010-000-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Gardener, Water
  • Year Built: 1950
  • Attribution Contact: 585-610-5805
  • Lot Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Architectural Style: Fourplex
  • Flooring: Carpet, Varies, Vinyl
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Dirt Floor, Full
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1
  • Waterfront: No
  • Construction Type: Fiber Cement, Frame, Vinyl Siding

Garage/Parking

  • Parking Features: Gravel, Two or More Spaces, Unpaved

Utilities

  • Heating: Gas, Gravity, Space Heater, Wall Furnace
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-048-0001-010-000-0000
  • Lot Dimensions: 33X132
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Annual Amount: 2438.0
  • Tax Lot: 10

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 Sold $40,000 -11.1% $15 / Sq Ft
07/11/2025 07/11/25 Pending -- -- --
07/08/2025 07/08/25 For Sale $45,000 -- $17 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1620966

Western New York Real Estate Information Services (WNYREIS)