NOT LISTED FOR SALE

125 N 2nd St Olean, NY 14760

Estimated Value: $112,918

4 Beds
2 Baths
2,156 Sq Ft
$52/Sq Ft Est. Value

Last Sold April 07, 2025

Last sale price $110,000 $51 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $856/month

45 Days on Market

About This Home

As of April 2025

This property is being sold with two adjacent properties. One is a beautiful single family home and the other is another income producing property. This fantastic multi-property offering features a 2-unit apartment building, each unit boasting 2 spacious bedrooms, 1 bathroom, a cozy front porch, and convenient off-street parking. Each apartment provides comfortable living spaces, perfect for tenants or owner-occupants looking for additional income. In addition to the 2-unit property, this sale includes a single-family home and an additional 2-unit property, offering great investment potential. Whether you're looking to expand your rental portfolio or live in one unit while generating rental income from the others, this is a prime opportunity. Don’t miss out on this rare chance to own multiple properties in one package! This property is sold with 129 N 2nd and 127 N 2nd St.

Last Agent to Sell the Property

Regis Handley

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-307-9256 License #10301215129 Listed on: 10/05/2024

Howard Hanna Professionals - Olean

Co-Listed By

John Dwaileebe

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-307-9256 License #40DW0994003

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,743

Year Built

  • Built in 1930

Lot Details

  • 3,438 Sq Ft Lot
  • Lot Dimensions are 27x125

Home Design

  • Duplex
  • Siding

Interior Spaces

  • 2,156 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Parking Available
  • Common or Shared Parking
  • Paved Parking

Utilities

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

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 9
  • Assessor Parcel Number 041200-094-065-0010-009-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,743

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1930
  • Attribution Contact: 716-307-9256
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Co List Office Mls Id: HWHA10
  • Co List Office Phone: 716-372-1155
  • Directions: State St to N 2nd St, property is on the left
  • Architectural Style: Duplex
  • Flooring: Carpet, Hardwood, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • 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: 0.0789
  • Waterfront: No
  • Construction Type: Composite Siding

Garage/Parking

  • Parking Features: Common, Paved, Parking Available, Two or More Spaces

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: 041200-094-065-0010-009-000-0000
  • Lot Dimensions: 27X125
  • Lot Size Sq Ft: 3438.0
  • ResoLotSizeUnits: Acres
  • 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: 2743.0
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2024
Closed on
Mar 5, 2025
Sold by
Black James A
Bought by
Zhu Xun
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$479,000
Sold Price
$110,000
Premium/Discount to List
-$369,000
-77.04%
Views
14
Current Estimated Value
$112,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,918
Avg. Annual Appreciation
3.41%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhu Xun $110,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2025 04/07/25 Sold $110,000 -4.3% $51 / Sq Ft
03/17/2025 03/17/25 Price Changed $114,900 -76.0% $53 / Sq Ft
11/19/2024 11/19/24 Pending -- -- --
10/05/2024 10/05/24 For Sale $479,000 -- $222 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Tax History Compared to Growth

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 $3,256 $51,500 $2,500 $49,000
2023 $1,939 $51,500 $2,500 $49,000
2022 $1,967 $51,500 $2,500 $49,000
2021 $2,024 $51,500 $2,500 $49,000
2020 $2,038 $51,500 $2,500 $49,000
2019 $803 $51,500 $2,500 $49,000
2018 $2,778 $51,500 $2,500 $49,000
2017 $2,087 $51,500 $2,500 $49,000
2016 $2,065 $51,500 $2,500 $49,000
2015 -- $51,500 $2,500 $49,000
2014 -- $51,500 $2,500 $49,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1570242

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-065-0010-009-000-0000