$73,000
$7K PRICE DROP

128 S 8th St Olean, NY 14760

Estimated payment $674/month

Total Views 10,889
5 Beds
2.5 Baths
2,448 Sq Ft
$30 Price per Sq Ft

Highlights

  • Property is near public transit
  • Woodwork
  • Hot Water Heating System
  • Wood Flooring
  • Forced Air Heating System
  • High Speed Internet

About This Home

Offered for sale is this solid duplex in the heart of Olean. The lower has three bedrooms, one and a half baths, hot water baseboard heat, laundry hookups. The upper has two bedrooms (with a possible third) one bath, forced air gas heat and laundry hookups. Upper apartment has two means of egress. Separate electric, gas, and water meters. A strong rental market here promises good occupancy rates. Tenants enjoy all the amenities of city living; close to shops, restaurants, public transportation, and government offices. Good rental history and below market rents leave room for income growth. This will make a great addition to any rental portfolio!

Listing Agent

Thomas Pietras

Listing by RE/MAX On Point Brokerage Phone: 716-373-7325 License #10401299467 Listed on: 09/25/2025

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,479

Year Built

  • Built in 1910

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 50x128
  • Rectangular Lot

Parking

  • 2 Parking Spaces

Home Design

  • Wood Siding

Interior Spaces

  • 2,448 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Basement Fills Entire Space Under The House
  • Washer Hookup

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 041200-094-064-0012-044-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,479

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1910
  • Attribution Contact: 716-373-7325
  • ResoLaundryFeatures: Washer Hookup
  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: From West State St in Olean, turn onto South 8th St. Property is on the right. Sign in front.
  • Flooring: Hardwood, Varies, Vinyl
  • Interior Features: Natural Woodwork
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1469
  • Waterfront: No
  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: Two or More Spaces

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-064-0012-044-000-0000
  • Lot Dimensions: 50X128
  • Lot Size Sq Ft: 6400.0
  • ResoLotSizeUnits: Acres

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: 3479.0
  • Tax Lot: 44

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $2,341 $62,000 $6,300 $55,700
2023 $2,334 $62,000 $6,300 $55,700
2022 $2,368 $62,000 $6,300 $55,700
2021 $2,436 $62,000 $6,300 $55,700
2020 $2,453 $62,000 $6,300 $55,700
2019 $931 $62,000 $6,300 $55,700
2018 $3,344 $62,000 $6,300 $55,700
2017 $1,837 $62,000 $6,300 $55,700
2016 $1,792 $62,000 $6,300 $55,700
2015 -- $62,000 $6,300 $55,700
2014 -- $62,000 $6,300 $55,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/02/2025 11/02/25 Price Changed $73,000 -8.8% $30 / Sq Ft
09/25/2025 09/25/25 For Sale $80,000 +48.1% $33 / Sq Ft
10/01/2022 10/01/22 Sold $54,000 -14.1% $22 / Sq Ft View Prior Sale
07/22/2022 07/22/22 Pending -- -- --
06/27/2022 06/27/22 Price Changed $62,900 0.0% $26 / Sq Ft
06/27/2022 06/27/22 For Sale $62,900 +16.5% $26 / Sq Ft
05/18/2022 05/18/22 Off Market $54,000 -- --
03/31/2022 03/31/22 For Sale $69,900 -- $29 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Purchase History

Date Type Sale Price Title Company
Deed $54,802 Aimee La Fever Doyle
Source: Public Records

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

MLS Number: B1640549

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0012-044-000-0000