$169,900

111 S 7th St Olean, NY 14760

Estimated payment $1,180/month

Total Views 5,424
4 Beds
2 Baths
2,326 Sq Ft
$73 Price per Sq Ft

Highlights

  • Deck
  • Patio
  • Rectangular Lot
  • Wood Flooring
  • Forced Air Heating System
  • 5-minute walk to Oak Hill Park

About This Home

Immaculate multi family home centrally located in the heart of Olean. The lower level is 3 bedrooms and 1 bathroom while the upper is 1 bedroom and 1 bathroom. offstreet parking. The dwelling has been well mantained and is in good overall condition. This is a great investment property orlive in the lower unit and rent out the upper. low taxes. Great ROI. The lower unit is owner occupied while the upper is ready to rent.

Listing Agent

James Dwaileebe

Listing by 3D Real Estate LLC License #10491206584 Listed on: 10/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,422

Year Built

  • Built in 1920

Lot Details

  • 4,480 Sq Ft Lot
  • Lot Dimensions are 35x128
  • Rectangular Lot

Parking

  • 1 Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,326 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 69
  • Assessor Parcel Number 041200-094-064-0013-069-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,422

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1920
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: West State stree to South 7th street
  • Flooring: Carpet, Hardwood, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

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

Exterior Features

  • Acres: 0.1028
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Patio
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: One Space

Utilities

  • Heating: Gas, Forced Air
  • 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: 041200-094-064-0013-069-000-0000
  • Lot Dimensions: 35X128
  • Lot Size Sq Ft: 4480.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: Residential 2 Unit

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 3422.0
  • Tax Lot: 69

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $352 $61,000 $3,400 $57,600
2023 $1,895 $61,000 $3,400 $57,600
2022 $1,915 $61,000 $3,400 $57,600
2021 $2,397 $61,000 $3,400 $57,600
2020 $392 $61,000 $3,400 $57,600
2019 $79 $61,000 $3,400 $57,600
2018 $472 $61,000 $3,400 $57,600
2017 $419 $61,000 $3,400 $57,600
2016 $411 $61,000 $3,400 $57,600
2015 -- $61,000 $3,400 $57,600
2014 -- $61,000 $3,400 $57,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2025 11/06/25 For Sale $169,000 -0.5% $73 / Sq Ft
10/17/2025 10/17/25 For Sale $169,900 0.0% $73 / Sq Ft
10/10/2025 10/10/25 Off Market $169,900 -- --
10/08/2025 10/08/25 For Sale $169,900 -- $73 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Deed -- Daniel R Palumbo
Deed -- Daniel R Palumbo
Source: Public Records

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

MLS Number: B1643563

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0013-069-000-0000