Estimated payment $156/month
About This Home
Opportunity awaits at 1206 Spruce St, a versatile duplex located in the peaceful north end of Olean. Whether you're an investor seeking a value-add rental property or a buyer looking to "house hack" by living in one unit and renting the other, this property is a fantastic find. Offering a blank canvas, this duplex is ready for your personal touch—perfect for those who want to customize and build equity. With the bones already in place, it's an ideal project for investors or handy buyers looking to capitalize on the rental market or affordable homeownership. Located on a quiet street yet close to all the amenities Olean has to offer, this is a smart opportunity in a growing market. Don’t miss your chance to make 1206 Spruce St your next investment or home base! "Seller will consider offers between $24,900 and $34,900"
Listing Agent
Listing by eXp Realty Brokerage Phone: 716-559-9972 License #10401379885 Listed on: 11/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 33x132
- Rectangular Lot
Parking
- 1 Parking Space
Home Design
- Vinyl Siding
Interior Spaces
- 1,950 Sq Ft Home
- 2-Story Property
- Partial Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Heating System Uses Gas
- Wall Furnace
- Gas Water Heater
Community Details
- 2 Units
- 1 Separate Gas Meter
Listing and Financial Details
- Tax Lot 28
- Assessor Parcel Number 041200-094-040-0003-028-000-0000
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,496 | $23,655 | $2,600 | $21,055 |
| 2023 | $891 | $23,655 | $2,600 | $21,055 |
| 2022 | $903 | $23,655 | $2,600 | $21,055 |
| 2021 | $930 | $23,655 | $2,600 | $21,055 |
| 2020 | $2,014 | $23,655 | $2,600 | $21,055 |
| 2019 | $355 | $23,655 | $2,600 | $21,055 |
| 2018 | $2,338 | $23,655 | $2,600 | $21,055 |
| 2017 | $2,025 | $23,655 | $2,600 | $21,055 |
| 2016 | $2,006 | $23,655 | $2,600 | $21,055 |
| 2015 | -- | $23,655 | $2,600 | $21,055 |
| 2014 | -- | $35,000 | $2,600 | $32,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/12/2025 12/12/25 | Price Changed | $24,900 | -28.7% | $13 / Sq Ft | |
| 11/10/2025 11/10/25 | For Sale | $34,900 | +34.2% | $18 / Sq Ft | |
| 09/09/2024 09/09/24 | Sold | $26,000 | +48.6% | $13 / Sq Ft | View Prior Sale |
| 08/07/2024 08/07/24 | Pending | -- | -- | -- | |
| 07/22/2024 07/22/24 | For Sale | $17,500 | -55.1% | $9 / Sq Ft | |
| 06/17/2022 06/17/22 | Sold | $39,000 | 0.0% | $20 / Sq Ft | View Prior Sale |
| 05/02/2022 05/02/22 | Pending | -- | -- | -- | |
| 04/13/2022 04/13/22 | Price Changed | $39,000 | -7.1% | $20 / Sq Ft | |
| 03/31/2022 03/31/22 | For Sale | $42,000 | +90.9% | $22 / Sq Ft | |
| 06/12/2015 06/12/15 | Sold | $22,000 | -11.6% | $11 / Sq Ft | View Prior Sale |
| 04/15/2015 04/15/15 | Pending | -- | -- | -- | |
| 03/31/2015 03/31/15 | For Sale | $24,900 | -- | $13 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $39,000 | None Available | |
| Warranty Deed | $29,000 | First American Title | |
| Deed | $22,000 | Eric Firkel | |
| Deed | $22,000 | Eric Firkel | |
| Interfamily Deed Transfer | -- | Daniel Palumbo | |
| Interfamily Deed Transfer | -- | Daniel Palumbo |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $17,600 | Purchase Money Mortgage |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1649082
APN: 041200-094-040-0003-028-000-0000
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.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Homes.com, LLC are marked with the IDX logo and include the Listing Broker’s Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties
are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Homes.com, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
- 411 W Sullivan St Unit 411 W Sullivan St
- 115 N 17th St
- 1429 South Ave Unit 13
- 3021 W State St
- 88 N 2nd St Unit 88-1
- 1002 Artline Rd
- 355 Rochester St
- 20 Main St
- 20 Main St
- 2 South Ave
- 29 Monroe St
- 7883 Route 240
- 7620 Watson Rd Unit lower
- 9687 Main St
- 9687 Main St
- 4923 State Route 19 S Unit 3
- 247-251 N Main St
- 7907 Spring St
- 5738 Heinz Rd Unit 1
- 9965 Wesley Rd