Jonas Willson
Genesee River Realty
(585) 648-5008
88 Total Sales
1 in Olean
$18,000 Price
316 N 2nd St Olean, NY 14760
Olean Area
4
Beds
3
Baths
2,033
Sq Ft
8,112
Sq Ft Lot
Highlights
- Forced Air Heating System
- Carpet
- 1-Story Property
- Rectangular Lot
About This Home
As of July 20268-Unit Investment Opportunity! Strong Cash Flow Potential! Rare opportunity to purchase two multi-family properties totaling 8 units, to be sold together for $279,000 (approximately $35,000 per unit). The properties offer immediate income potential with room for growth. Current rents are below market, providing an opportunity for increased returns with future adjustments. Many units feature separate layouts, offering flexibility for tenants. The properties have seen numerous updates, including: Metal roof (314) less than 1 year old Roof (316) approximately 5 years old There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential. Ideal opportunity for investors looking to expand their portfolio or for buyers seeking to offset living expenses by occupying one unit. Properties must be sold together (see MLS #R1667935 for additional property).
Last Agent to Sell the Property
Listing by EXP-Premier Listings Team Brokerage Phone: 716-790-2852 License #10401396734 Listed on: 03/19/2026
Last Buyer's Agent
Listing by EXP-Premier Listings Team Brokerage Phone: 716-790-2852 License #10401396734 Listed on: 03/19/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,218
Year Built
- Built in 1917
Lot Details
- 8,112 Sq Ft Lot
- Lot Dimensions are 78x104
- Rectangular Lot
Parking
- Paved Parking
Home Design
- Brick Exterior Construction
- Vinyl Siding
- Stone
Interior Spaces
- 2,033 Sq Ft Home
- 1-Story Property
- Dirt Floor
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 3 Units
- 3 Separate Gas Meters
Listing and Financial Details
- Rent includes hot water, snow removal, water
- Tax Lot 15
- Assessor Parcel Number 041200-094-057-0005-015-000-0000
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Olean, NY
-
Jonas Willson
-
James Klossner
James Klossner
Whitetail Properties Real Estate, LLC
(585) 627-0630
91 Total Sales
1 in Olean
$105,000 Price
-
Regis Handley
Regis Handley
Howard Hanna Professionals - Olean
(585) 378-5525
228 Total Sales
127 in Olean
$20K - $450K Price Range
-
Melanie Pritchard
Melanie Pritchard
ERA Team VP Real Estate
(716) 403-3199
161 Total Sales
5 in Olean
$173K - $400K Price Range
-
Jerry Thompson
Jerry Thompson
Century 21 North East
(716) 687-0473
336 Total Sales
2 in Olean
$145,000 Price Range
-
Aimee Campbell
Aimee Campbell
Responds QuicklyEmpire Realty Group
(585) 565-5382
157 Total Sales
1 in Olean
$155,000 Price
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 |
|---|---|---|---|---|
| 07/09/2026 07/09/26 | Sold | $94,000 | -27.7% | $46 / Sq Ft |
| 04/20/2026 04/20/26 | Pending | -- | -- | -- |
| 04/12/2026 04/12/26 | Price Changed | $130,000 | -3.3% | $64 / Sq Ft |
| 04/07/2026 04/07/26 | Price Changed | $134,500 | -3.6% | $66 / Sq Ft |
| 03/19/2026 03/19/26 | For Sale | $139,500 | -- | $69 / Sq Ft |
Source: Chautauqua-Cattaraugus Board of REALTORS®
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 | $1,516 | $39,500 | $4,900 | $34,600 |
| 2024 | $2,498 | $39,500 | $4,900 | $34,600 |
| 2023 | $1,487 | $39,500 | $4,900 | $34,600 |
| 2022 | $1,509 | $39,500 | $4,900 | $34,600 |
| 2021 | $1,552 | $39,500 | $4,900 | $34,600 |
| 2020 | $1,563 | $39,500 | $4,900 | $34,600 |
| 2019 | $593 | $39,500 | $4,900 | $34,600 |
| 2018 | $2,131 | $39,500 | $4,900 | $34,600 |
| 2017 | $1,601 | $39,500 | $4,900 | $34,600 |
| 2016 | $1,584 | $39,500 | $4,900 | $34,600 |
| 2015 | -- | $39,500 | $4,900 | $34,600 |
| 2014 | -- | $39,500 | $4,900 | $34,600 |
Source: Public Records
Agents Affiliated with this Home
-
Deon Gayton
D
Seller's Agent in 2026
Deon Gayton
EXP-Premier Listings Team
(716) 790-2852
6 Total Sales
Map
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1667915
APN: 041200-094-057-0005-015-000-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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