Seller's Agent in 2025
Paul Pezzimenti
Howard Hanna
(716) 378-7039
188 in this area
331 Total Sales
Estimated Value: $68,000 - $75,000
5
Beds
2
Baths
3,600
Sq Ft
$20/Sq Ft
Est. Value
Highlights
- Baseboard Heating
- High Speed Internet
- Carpet
- 2 Car Garage
- Rectangular Lot
- 4-minute walk to Oak Hill Park
About This Home
As of September 2025This isn’t your average multi-family! Formerly a church, this unique brick property blends character, history, and income potential—all in the heart of Olean. With two spacious residential units and a flexible ground-level space that could serve as a third apartment or commercial unit, the possibilities are endless. Whether you're an investor looking to maximize rental income or an entrepreneur dreaming of a one-of-a-kind Airbnb, this property delivers. The former church layout creates an unforgettable atmosphere that guests and tenants alike will love. Out back, you'll find dedicated parking for each unit, and the low-maintenance brick exterior means fewer headaches over time. Inside, each apartment offers plenty of square footage, and rents are currently under market value—offering instant upside for the next owner. This is your chance to own a rare piece of Olean history with built-in income and even more untapped potential. Airbnb? Commercial storefront? Residential triplex? You decide. Schedule your private showing today and start building your vision!
Last Agent to Sell the Property
Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10301214758 Listed on: 03/26/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,703
Year Built
- Built in 1920
Lot Details
- 3,040 Sq Ft Lot
- Lot Dimensions are 38x80
- Rectangular Lot
Parking
- 2 Car Garage
Home Design
- Duplex
- Mixed Use
- Brick Exterior Construction
- Copper Plumbing
Interior Spaces
- 3,600 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Schools
- Washington West Elementary School
- Olean Middle School
- Olean Senior High School
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- 3 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Rent includes electricity
- Tax Lot 42
- Assessor Parcel Number 041200-094-064-0013-042-000-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 11, 2025
Sold by
Palumbo Thomas and Palumbo James J
Bought by
Dwaileebe David
Current Estimated Value
Purchase Details
Closed on
Apr 7, 2000
Sold by
International Church Of Foursquare Gospel
Bought by
Palumbo Thomas
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dwaileebe David | $70,000 | -- | |
| Palumbo Thomas | $55,000 | Daniel Palumbo |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Sold | $70,000 | -12.4% | $19 / Sq Ft |
| 05/25/2025 05/25/25 | Pending | -- | -- | -- |
| 03/26/2025 03/26/25 | For Sale | $79,900 | -- | $22 / Sq Ft |
Source: Chautauqua-Cattaraugus Board of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,193 | $50,500 | $2,800 | $47,700 |
| 2024 | $3,193 | $50,500 | $2,800 | $47,700 |
| 2023 | $1,901 | $50,500 | $2,800 | $47,700 |
| 2022 | $1,929 | $50,500 | $2,800 | $47,700 |
| 2021 | $1,984 | $50,500 | $2,800 | $47,700 |
| 2020 | $1,998 | $50,500 | $2,800 | $47,700 |
| 2019 | $758 | $50,500 | $2,800 | $47,700 |
| 2018 | $2,724 | $50,500 | $2,800 | $47,700 |
| 2017 | $2,047 | $50,500 | $2,800 | $47,700 |
| 2016 | $2,025 | $50,500 | $2,800 | $47,700 |
| 2015 | -- | $50,500 | $2,800 | $47,700 |
| 2014 | -- | $50,500 | $2,800 | $47,700 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Pezzimenti
-
Karen Callahan
Buyer's Agent in 2025
Karen Callahan
RE/MAX
(716) 244-7878
93 in this area
116 Total Sales
Map
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1595745
APN: 041200-094-064-0013-042-000-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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