$109,900

118 S 8th St Olean, NY 14760

Estimated payment $897/month

Total Views 3,050
2 Beds
2 Baths
1,614 Sq Ft
$68 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • 3 Car Garage
  • Rectangular Lot
  • Ceiling Fan
  • High Speed Internet

About This Home

Looking for a smart addition to your investment portfolio or the perfect owner-occupied opportunity? This freshly updated upper/lower duplex checks all the boxes! Each unit features 1 spacious bedroom, making it ideal for easy-to-manage rental income or comfortable living with added income potential.

From the moment you pull into the blacktop driveway, you'll appreciate the low-maintenance vinyl siding and curb appeal. A rare bonus, the three-car garage offers extra storage or rental potential for added cash flow.

Inside, both units have been refreshed with modern flooring and a full coat of fresh paint, so they're clean, bright, and move-in ready. With separate entrances and a functional layout in each unit, this property offers flexibility and immediate rental potential.

Whether you're a seasoned investor or just starting out, this property is a ready-to-go income producer. Don't miss your chance to own this solid, low-hassle duplex in a desirable location!

Listing Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10301214758 Listed on: 06/25/2025

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,516

Year Built

  • Built in 1900

Lot Details

  • 5,120 Sq Ft Lot
  • Lot Dimensions are 40x128
  • Rectangular Lot

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Block Foundation
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 1,614 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 041200-094-064-0012-040-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,516

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential
  • Year Built: 1900
  • Attribution Contact: 716-378-7039
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: From Route 417, turn onto S 8th Street
  • Architectural Style: Duplex
  • Flooring: Luxury Vinyl
  • Garage Yn: Yes
  • Interior Features: Ceiling Fan(s)
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers, Fuses
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

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

Exterior Features

  • Acres: 0.1175
  • Waterfront: No
  • Construction Type: Vinyl Siding, Copper Plumbing
  • Foundation Details: Block

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Paved, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean
  • Ninth Grade High School: Olean Senior High
  • Middle Or Junior School: Olean Middle

Lot Info

  • Parcel Number: 041200-094-064-0012-040-000-0000
  • Lot Dimensions: 40X128
  • Lot Size Sq Ft: 5120.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

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: 3516.0
  • Tax Lot: 40

MLS Schools

  • Elementary School: Washington West Elementary

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 $2,416 $64,000 $5,000 $59,000
2023 $2,409 $64,000 $5,000 $59,000
2022 $2,444 $64,000 $5,000 $59,000
2021 $2,515 $64,000 $5,000 $59,000
2020 $2,532 $64,000 $5,000 $59,000
2019 $961 $64,000 $5,000 $59,000
2018 $3,452 $64,000 $5,000 $59,000
2017 $2,594 $64,000 $5,000 $59,000
2016 $2,566 $64,000 $5,000 $59,000
2015 -- $64,000 $5,000 $59,000
2014 -- $64,000 $5,000 $59,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $109,900 -- $68 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $36,000 Gregory Shemeld
Source: Public Records

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Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1617968

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0012-040-000-0000