Estimated payment $1,079/month
Highlights
- Wood Flooring
- Ceiling Fan
- Rectangular Lot
- Forced Air Heating System
- High Speed Internet
About This Home
Unlock a prime investment opportunity in the heart of the Oak Hill Historic District with this four-unit apartment building located directly across from Olean High School. This property features four spacious two-bedroom units and offers significant upside potential with current rents sitting well below market rates, allowing the next owner to capitalize on immediate value-add opportunities. A standout feature for investors is the fully separate utilities, with individual meters for gas, electricity, and water already in place to minimize owners' expenses. The building has been well-maintained overall, but its older roof presents a clear opportunity for capital improvements that align with potential future rent growth. Tenants will appreciate the convenience of off-street parking and the charm of private outdoor porch areas available with three of the units. The location offers the best of both worlds, situated on a quiet, historic street while remaining highly walkable to the shops, dining, and revitalization of downtown Olean.
Listing Agent
Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10301214758 Listed on: 01/13/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,041
Year Built
- Built in 1910
Lot Details
- 8,250 Sq Ft Lot
- Lot Dimensions are 55x150
- Rectangular Lot
Home Design
- Quadruplex
- Block Foundation
- Stone Foundation
- Siding
- Copper Plumbing
Interior Spaces
- 5,616 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Basement Fills Entire Space Under The House
- Washer Hookup
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- Parking Available
- Common or Shared Parking
Schools
- Washington West Elementary School
- Olean Middle School
- Olean Senior High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- PEX Plumbing
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- 4 Units
- 4 Separate Gas Meters
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 041200-094-057-0005-009-000-0000
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,552 | $72,000 | $12,400 | $59,600 |
| 2023 | $2,711 | $72,000 | $12,400 | $59,600 |
| 2022 | $2,750 | $72,000 | $12,400 | $59,600 |
| 2021 | $2,829 | $72,000 | $12,400 | $59,600 |
| 2020 | $2,849 | $72,000 | $12,400 | $59,600 |
| 2019 | $1,081 | $72,000 | $12,400 | $59,600 |
| 2018 | $3,884 | $72,000 | $12,400 | $59,600 |
| 2017 | $2,918 | $72,000 | $12,400 | $59,600 |
| 2016 | $2,887 | $72,000 | $12,400 | $59,600 |
| 2015 | -- | $72,000 | $12,400 | $59,600 |
| 2014 | -- | $72,000 | $12,400 | $59,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/29/2026 01/29/26 | Pending | -- | -- | -- |
| 01/13/2026 01/13/26 | For Sale | $139,900 | 0.0% | $25 / Sq Ft |
| 12/18/2017 12/18/17 | Rented | $500 | 0.0% | -- |
| 11/27/2017 11/27/17 | For Rent | $500 | -- | -- |
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1657969
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