$225,000

2002 & 2006 W State St Olean, NY 14760

Estimated payment $1,597/month

3 Beds
2 Baths
1,850 Sq Ft
$122 Price per Sq Ft

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

Claudia Attard-Keary

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,763

Year Built

Built in 1900

Lot Details

8,250 Sq Ft Lot

Parking

2

Listing Details

  • Business Type: Mixed
  • Property Sub Type: Mixed Use
  • Property Type: Residential
  • Rent Includes: Other, See Remarks
  • Year Built: 1900
  • Attribution Contact: 716-307-8894
  • Lot Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street, Main Thoroughfare
  • Architectural Style: Duplex
  • Flooring: Carpet, Luxury Vinyl, Varies
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

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

Exterior Features

  • Acres: 0.34
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Trails/Paths
  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-063-0002-018-000-0000
  • Lot Dimensions: 156X110
  • Lot Size Sq Ft: 8250.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 94.063-2-19

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 4763.0
  • Tax Lot: 18

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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®

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1681924

Chautauqua-Cattaraugus Board of REALTORS®
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