$45,000

207 N 5th St Olean, NY 14760

Estimated payment $415/month

Total Views 2,223
4 Beds
2 Baths
2,545 Sq Ft
$18 Price per Sq Ft

Highlights

  • Wood Flooring
  • Rectangular Lot
  • 4-minute walk to Oak Hill Park
  • Forced Air Heating System
  • Wood Siding

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

Christine Calbi

Listing by EXP-Premier Listings Team Brokerage Phone: 716-907-7205 License #10401373976 Listed on: 04/20/2026

Co-Listing Agent

Claudia Attard-Keary

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,104

Year Built

Built in 1900

Lot Details

5,760 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1900
  • Attribution Contact: 716-907-7205
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Co List Office Mls Id: C227
  • Co List Office Phone: 888-276-0630
  • Architectural Style: Duplex
  • Flooring: Hardwood, Laminate, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

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

Exterior Features

  • Acres: 0.1322
  • Waterfront: No
  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: One Space

Utilities

  • Heating: Gas, Forced Air
  • 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: 041200-094-064-0004-038-000-0000
  • Lot Dimensions: 45X128
  • Lot Size Sq Ft: 5760.0
  • ResoLotSizeUnits: Acres

Multi Family

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

Tax Info

  • Tax Annual Amount: 2104.0
  • Tax Lot: 38

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
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2026 04/20/26 For Sale $45,000 -- $18 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Purchase History

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $688,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $135,000 No Value Available
Source: Public Records

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1673230

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0004-038-000-0000

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