$179,000

1507 W State St Olean, NY 14760

Estimated payment $1,197/month

4 Beds
3 Baths
2,587 Sq Ft
$69 Price per Sq Ft

Highlights

  • Wood Flooring
  • Corner Lot
  • Forced Air Heating System

About This Home

Well maintained 3 unit multi family apartment centrally located in Olean. 2 lower aprtments are 1 bedroom, 1 bathroom and are always filled. The upper apartment has 2 bedrooms , 1 bathroom and 1 office which could be used as a 3rd bedroom. This apartment building has hardwood floors throughout, High ceilings, newer electric. Washer and dryer for each apartment. The apartment is located on a double lot with 2 long standing commercial businesses on each side. Very valuable Real Estate. The lot is big enough to add a 3rd or 4th unit.This apartment building turn key and an instant money maker. The reason the owner is selling is his advanced age.

Listing Agent

James Dwaileebe

Listing by 3D Real Estate LLC License #10491206584 Listed on: 11/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,058

Year Built

  • Built in 1910

Lot Details

  • 13,128 Sq Ft Lot
  • Lot Dimensions are 67x128
  • Corner Lot
  • Rectangular Lot

Parking

  • Parking Available

Home Design

  • Triplex
  • Poured Concrete
  • Aluminum Siding
  • Shake Siding

Interior Spaces

  • 2,587 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

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

Community Details

  • 3 Units
  • 3 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 041200-094-063-0006-019-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,058

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1910
  • Lot Features: Corner Lot, Rectangular, Rectangular Lot
  • Road Frontage Type: Main Thoroughfare
  • Architectural Style: Triplex
  • Flooring: Carpet, Hardwood, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1969
  • Waterfront: No
  • Construction Type: Aluminum Siding, Shake Siding
  • Foundation Details: Poured

Garage/Parking

  • Parking Features: Parking Available

Utilities

  • Heating: Gas, Forced Air, Wall Furnace
  • 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: 041200-094-063-0006-019-000-0000
  • Lot Dimensions: 67X128
  • Lot Size Sq Ft: 13128.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: Residential Multi Use

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 3058.0
  • Tax Lot: 19

Map

Range of Values:

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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 $2,058 $54,500 $5,000 $49,500
2023 $2,052 $54,500 $5,000 $49,500
2022 $2,081 $54,500 $5,000 $49,500
2021 $2,142 $54,500 $5,000 $49,500
2020 $2,157 $54,500 $5,000 $49,500
2019 $893 $54,500 $5,000 $49,500
2018 $2,940 $54,500 $5,000 $49,500
2017 $2,209 $54,500 $5,000 $49,500
2016 $2,185 $54,500 $5,000 $49,500
2015 -- $54,500 $5,000 $49,500
2014 -- $54,500 $5,000 $49,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2025 11/08/25 For Sale $179,000 -- $69 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Purchase History

Date Type Sale Price Title Company
Deed $55,000 Jay Carr
Source: Public Records

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

MLS Number: B1649894

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-063-0006-019-000-0000