Estimated payment $1,099/month
Total Views
376
6
Beds
2
Baths
2,957
Sq Ft
$46
Price per Sq Ft
Highlights
- Wood Flooring
- Forced Air Zoned Heating System
- 2 Car Garage
- Woodwork
- Hot Water Heating System
- 2-minute walk to Oak Hill Park
About This Home
Discover the perfect blend of space, location, and investment potential at this very well-maintained two-family home in the heart of Olean. Offering nearly 3,000 sq. ft. of finished living space, this versatile duplex features 5+ bedrooms, 2 full bathrooms, and two fully equipped kitchens—ideal for owner-occupants, investors, or multi-generational living. The fully renovated lower unit highlights original oak crown molding, oversized baseboards, and high ceilings that add timeless charm. Each unit offers functional layouts, two private entrances, covered porches, multi-level decks, and separate utilities with individual washer/dryer hookups. A new roof, two-car detached garage, and full basement add to the home’s long-term value. Centrally located and overlooking Oak Hill Park, this property is just steps from downtown shops, schools, restaurants, and transit. With projected rental income exceeding $1,800/month, this is a turnkey opportunity to build your portfolio or live in one unit while a tenant helps pay the mortgage.
Listing Agent
Listing by ERA Team VP Real Estate Brokerage Phone: 716-353-1440 License #10301201659
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,214
Year Built
- Built in 1880
Lot Details
- 6,400 Sq Ft Lot
- Lot Dimensions are 50x128
- Rectangular Lot
Parking
- 2 Car Garage
- Common or Shared Parking
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 2,957 Sq Ft Home
- 2-Story Property
- Woodwork
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Zoned Heating System
- Heating System Uses Gas
- Hot Water Heating System
- Gas Water Heater
- Cable TV Available
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number 041200-094-064-0008-016-000-0000
Map
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
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 | $4,312 | $76,500 | $4,200 | $72,300 |
| 2023 | $2,335 | $76,500 | $4,200 | $72,300 |
| 2022 | $2,355 | $76,500 | $4,200 | $72,300 |
| 2021 | $3,006 | $76,500 | $4,200 | $72,300 |
| 2020 | $3,027 | $76,500 | $4,200 | $72,300 |
| 2019 | $1,148 | $76,500 | $4,200 | $72,300 |
| 2018 | $6,351 | $76,500 | $4,200 | $72,300 |
| 2017 | $3,101 | $76,500 | $4,200 | $72,300 |
| 2016 | $5,248 | $76,500 | $4,200 | $72,300 |
| 2015 | -- | $76,500 | $4,200 | $72,300 |
| 2014 | -- | $76,500 | $4,200 | $72,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2025 05/07/25 | For Sale | $135,000 | -- | $46 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $180,000 | None Available | |
| Deed | $66,215 | None Available | |
| Deed | $66,215 | None Available | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | George Panebianco | |
| Deed | $69,500 | Dicerbo & Palumbo | |
| Deed | $69,500 | Dicerbo & Palumbo |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $65,608 | FHA | |
| Previous Owner | $65,608 | FHA | |
| Previous Owner | $60,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Olean, NY
-
$129,900
- 5 Beds
- 3 Baths
- 2,470 Sq Ft
- 611 W Henley St
- Olean, NY
Check out this fantastic investment opportunity – a well-maintained three-unit property in West Olean, offering strong rental potential! Unit 1 is a cozy efficiency apartment featuring one bedroom, one bathroom, and a charming front porch, perfect for relaxing. Unit 2 is a spacious one-bedroom unit with a separate living room, dining area, and kitchen, highlighted by beautiful hardwood floors and
Regis Handley Howard Hanna Professionals
-
$149,900
- 4 Beds
- 2 Baths
- 2,158 Sq Ft
- 604 Irving St
- Olean, NY
Welcome to our meticulously remodeled duplex, a charming retreat steeped in the rich history of the 1850s, now available as your exclusive Airbnb destination. Nestled in the heart of Olean, this unique residence seamlessly blends historic allure with modern comforts, promising an unforgettable stay. Lower unit has eat in kitchen with all new appliances, separate dining room, living room and 2
Kelly Patrone Howard Hanna Professionals
-
$119,000
- 4 Beds
- 2 Baths
- 2,114 Sq Ft
- 104 S 14th St
- Olean, NY
Multi Family duplex centrally located in the city of Olean. Off street parking, newer roof, new windows, Beautiful wood work, hardwood floors, High ceilings, Front porch. Each apartment has 2 bedrooms and One full bathroom. The upsatirs is currently rented. The lower is vacant but ready to rent. 13% ROI based on asking price.
James Dwaileebe 3D Real Estate LLC
-
$119,000
- 7 Beds
- 3 Baths
- 2,370 Sq Ft
- 216 N 15th St
- Olean, NY
Great investment property. Main property has three bedrooms 1 full bath. Tenant pays $750/mo and has been a long standing tenant. Out back has a 2 unit with both being a 2 bed and 1 bath. Upper unit is occupied and tenant pays $500/mo. Lower is unoccupied but has brought in $500/mo in the past. Live in one and let the rest pay the mortgage or rent the last apartment and have a great rental
Kelly Patrone Howard Hanna Professionals
-
$115,000
- 5 Beds
- 3.5 Baths
- 2,566 Sq Ft
- 218 N 15th St
- Olean, NY
Three bed one and a half bath home with 2)one bedroom apartments detached in the back. Take advantage of this home with a first floor laundry and an oversized kitchen with plenty of cupboard and counter space. Main house has a car port for parking your vehicle with one other space for back tenants. Apartments out back have a patio for the downstairs and a covered porch for the upstairs. This
Rebecca Laborde Premier Listings Real Estate
-
$119,900
- 5 Beds
- 2 Baths
- 2,274 Sq Ft
- 514 3rd Ave
- Olean, NY
Beautifully renovated duplex in a prime location near Olean General Hospital, making it a fantastic investment for an Airbnb, rental, or owner-occupied home. With a newer asphalt roof and a brand-new rubber roof on the flat portion, this property has been completely updated, featuring all-new electric, a brand-new hot water tank, and LVT flooring and carpet throughout. Both units are freshly
Mason Meggo HUNT Real Estate Corporation
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1604263
APN: 041200-094-064-0008-016-000-0000
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.
Nearby Homes