318 Wayne St Olean, NY 14760
Olean AreaEstimated payment $1,200/month
Highlights
- Forced Air Heating System
- Pie Shaped Lot
- Carpet
- 1 Car Garage
About This Home
MIXED-USE INVESTMENT OPPORTUNITY – 2 APARTMENTS + COMMERCIAL STOREFRONT
Versatile mixed-use property offering two residential apartments and approximately 2,100 sq. ft. of first-floor commercial space. A great opportunity for an investor or business owner looking for multiple uses and income potential under one roof.
The first apartment features a studio-style layout with a full kitchen offering plenty of cabinet space and a nicely sized full bathroom. The second apartment offers 2 bedrooms, a living room, spacious kitchen, and full bathroom. Both apartments also feature access to large porch areas.
The first-floor commercial space offers approximately 2,100 sq. ft., highlighted by large storefront windows providing excellent natural light and visibility. The space includes a bathroom, several storage rooms, updated flooring, fresh paint, and a new HVAC system. An attached 1-car garage provides additional storage and functionality.
With residential and commercial space all in one property, this building offers flexibility for a variety of business and investment possibilities. Whether adding to an investment portfolio or looking for a location that combines commercial space with residential rental income, this property is ready for its next chapter.
Listing Agent
Listing by Real Estate Pros & More Brokerage Phone: 716-307-6960 License #10371200907 Listed on: 08/12/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,872
Year Built
- Built in 1890
Lot Details
- 1,307 Sq Ft Lot
- Lot Dimensions are 24x86
- Pie Shaped Lot
Parking
- 1 Car Garage
- Common or Shared Parking
- Gravel Driveway
- On-Street Parking
Home Design
- Triplex
- Mixed Use
Interior Spaces
- 5,594 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating System
- Radiator
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 2 Units
- 3 Separate Gas Meters
Listing and Financial Details
- Tax Lot 36
- Assessor Parcel Number 041200-094-057-0001-036-000-0000
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 | $1,919 | $50,000 | $3,400 | $46,600 |
| 2024 | $3,161 | $50,000 | $3,400 | $46,600 |
| 2023 | $1,882 | $50,000 | $3,400 | $46,600 |
| 2022 | $1,910 | $50,000 | $3,400 | $46,600 |
| 2021 | $1,965 | $50,000 | $3,400 | $46,600 |
| 2020 | $1,978 | $50,000 | $3,400 | $46,600 |
| 2019 | $751 | $50,000 | $3,400 | $46,600 |
| 2018 | $2,697 | $50,000 | $3,400 | $46,600 |
| 2017 | $2,027 | $50,000 | $3,400 | $46,600 |
| 2016 | $2,005 | $50,000 | $3,400 | $46,600 |
| 2015 | -- | $50,000 | $3,400 | $46,600 |
| 2014 | -- | $50,000 | $3,400 | $46,600 |
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 |
|---|---|---|---|---|
| 08/12/2026 08/12/26 | For Sale | $174,900 | -- | $31 / 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 | $65,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Deed | $26,000 | -- | |
| Deed | -- | -- | |
| Deed | $26,000 | -- | |
| Deed | -- | -- |
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 | $52,000 | Purchase Money Mortgage | |
| Previous Owner | $1,387,200 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $194,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $554,175 | Purchase Money Mortgage |
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1706615
APN: 041200-094-057-0001-036-000-0000
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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