207 N 5th St Olean, NY 14760
Olean AreaEstimated payment $423/month
Highlights
- Wood Flooring
- Rectangular Lot
- Wood Siding
- Forced Air Heating System
About This Home
Opportunity awaits in the heart of Olean! This two-unit property is a solid option for those looking to add to their portfolio or start building rental income. Featuring separate gas, electric, and water utilities, the setup allows for added convenience and flexibility. Just a short distance to a spacious community park featuring tennis courts, a dog park, and plenty of open recreational space. The property is priced to reflect the work needed, offering the chance to improve and maximize its potential. With the right updates, this could become a strong income-producing asset. Conveniently located near local amenities, shopping, and dining, this property combines location, value, and opportunity—an ideal project for those ready to make it their own.
Listing Agent
Listing by EXP-Premier Listings Team Brokerage Phone: 716-907-7205 License #10401373976 Listed on: 04/20/2026
Co-Listing Agent
Listing by EXP-Premier Listings Team Brokerage Phone: 716-907-7205 License #40AT1023399
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,104
Year Built
- Built in 1900
Lot Details
- 5,760 Sq Ft Lot
- Lot Dimensions are 45x128
- Rectangular Lot
Home Design
- Duplex
- Wood Siding
Interior Spaces
- 2,545 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Tax Lot 38
- Assessor Parcel Number 041200-094-064-0004-038-000-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,219 | $37,500 | $4,000 | $33,500 |
| 2024 | $2,371 | $37,500 | $4,000 | $33,500 |
| 2023 | $1,412 | $37,500 | $4,000 | $33,500 |
| 2022 | $1,432 | $37,500 | $4,000 | $33,500 |
| 2021 | $1,474 | $37,500 | $4,000 | $33,500 |
| 2020 | $1,484 | $37,500 | $4,000 | $33,500 |
| 2019 | $563 | $37,500 | $4,000 | $33,500 |
| 2018 | $3,706 | $37,500 | $4,000 | $33,500 |
| 2017 | $5,130 | $37,500 | $4,000 | $33,500 |
| 2016 | $6,150 | $37,500 | $4,000 | $33,500 |
| 2015 | -- | $37,500 | $4,000 | $33,500 |
| 2014 | -- | $37,500 | $4,000 | $33,500 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/20/2026 04/20/26 | For Sale | $45,000 | -- | $18 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $337,500 | -- | |
| Deed | $182,000 | Daniel Derose | |
| Deed | $35,000 | William H, Iii Mountain |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $688,000 | New Conventional |
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1673230
APN: 041200-094-064-0004-038-000-0000
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