Estimated payment $1,597/month
Highlights
- 0.34 Acre Lot
- Corner Lot
- 2 Car Garage
- Property is near public transit
- Forced Air Heating System
- Trails
About This Home
Positioned in a prime commercial location along the highly traveled Route 417 Corridor in the City of Olean, this versatile corner-lot property offers outstanding visibility, income potential, and endless possibilities for investors, business owners, or owner-occupants alike. The property features a duplex with a detached 2-car garage and includes an additional bonus vacant lot measuring 80 x 88, providing extra parking, expansion opportunities, or future development potential. The front apartment, currently rented for $750 per month, would make an ideal office space for a small business or professional seeking a convenient location with ample parking and easy access. The spacious rear apartment, currently rented for $1,750 per month with tenants vacating at the end of June, offers a unique two-story layout featuring an open-concept kitchen and dining area with island, first-floor laundry, sliding glass doors leading to a deck and backyard, and a comfortable living room with fireplace. Upstairs you’ll find two bedrooms and a full bath, creating an inviting residential space perfect for owner occupancy or continued rental income. Conveniently located within walking distance to medical facilities, grocery stores, churches, major retail shopping, and just one block from the Olean trail system, this property truly combines location, flexibility, and opportunity all in one. The building has been well-maintained and has a 4yr old roof on house & garage, driveway. Come check this out and make your dreams come true!!!
Listing Agent
Listing by EXP-Premier Listings Team Brokerage Phone: 716-307-8894 License #40AT1023399 Listed on: 05/17/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,763
Year Built
- Built in 1900
Lot Details
- 8,250 Sq Ft Lot
- Lot Dimensions are 156x110
- Corner Lot
- Rectangular Lot
- 94.063-2-19
Parking
- 2 Car Garage
Home Design
- Duplex
- Mixed Use
- Vinyl Siding
Interior Spaces
- 1,850 Sq Ft Home
- 2-Story Property
- Carpet
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Location
- Property is near public transit
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Lot 18
- Assessor Parcel Number 041200-094-063-0002-018-000-0000
Community Details
Recreation
- Trails
Additional Features
- 2 Units
- 1 Separate Gas Meter
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/17/2026 05/17/26 | For Sale | $225,000 | -- | $122 / Sq Ft |
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1681924
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Ask me questions while you tour the home.