Estimated payment $655/month
Highlights
- Space Heater
- Rectangular Lot
- Carpet
About This Home
Great investment opportunity in the heart of Olean! This 3-unit property at 125 S. 7th St offers solid rental potential with an estimated monthly income of approximately $1,800. Each unit is in overall good condition and the property is being sold as-is, allowing for immediate use or the opportunity to make updates and increase value. The first-floor apartment features an extra room that could easily be converted into an additional bedroom for added income potential. A shared driveway leads to a parking pad in the rear, providing off-street parking for tenants. Conveniently located near downtown, schools, and public transportation, this property is ideal for investors or owner-occupants looking to generate steady rental income. Don’t miss your chance to add this versatile property to your portfolio!
Listing Agent
Listing by Real Estate Pros & More Brokerage Phone: 716-307-6960 License #10371200907 Listed on: 07/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,790
Year Built
- Built in 1910
Lot Details
- 3,840 Sq Ft Lot
- Lot Dimensions are 30x128
- Rectangular Lot
Parking
- Common or Shared Parking
Home Design
- Triplex
- Vinyl Siding
Interior Spaces
- 1,918 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Schools
- Washington West Elementary School
- Olean Middle School
- Olean Senior High School
Utilities
- Space Heater
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 3 Units
- 3 Separate Gas Meters
Listing and Financial Details
- Tax Lot 62
- Assessor Parcel Number 041200-094-064-0013-062-000-0000
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 | $1,918 | $50,800 | $2,900 | $47,900 |
| 2023 | $1,913 | $50,800 | $2,900 | $47,900 |
| 2022 | $1,940 | $50,800 | $2,900 | $47,900 |
| 2021 | $1,996 | $50,800 | $2,900 | $47,900 |
| 2020 | $2,010 | $50,800 | $2,900 | $47,900 |
| 2019 | $763 | $50,800 | $2,900 | $47,900 |
| 2018 | $2,740 | $50,800 | $2,900 | $47,900 |
| 2017 | $2,059 | $50,800 | $2,900 | $47,900 |
| 2016 | $2,037 | $50,800 | $2,900 | $47,900 |
| 2015 | -- | $50,800 | $2,900 | $47,900 |
| 2014 | -- | $50,800 | $2,900 | $47,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 07/29/2025 07/29/25 | For Sale | $79,900 | -- | $42 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $52,000 | Edward Wright |
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1626453
APN: 041200-094-064-0013-062-000-0000
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