$334,900

469 N Branch Rd Eldred, PA 16731

Estimated payment $1,899/month

Total Views 1,998
6 Beds
2 Baths
1,326 Sq Ft
$253 Price per Sq Ft

Highlights

  • River Access
  • Secluded Lot
  • Covered Patio or Porch
  • 62.5 Acre Lot
  • Wooded Lot
  • Home fronts a stream

About This Home

Unlock the potential of this exceptional multi-faceted property, offering immediate rental income, a move-in ready primary residence, and substantial land value. The centerpiece is a fully renovated single-family home featuring three bedrooms (with potential for a 4th) and a modernized full bath. Designed for longevity and low maintenance, the house underwent a complete renovation 8 years ago, including new wiring, heating system, roof, siding, windows, and partial foundation work. The first-floor laundry and two main-level bedrooms offer convenient single-level living. The investment portfolio also includes a 1994 single-wide mobile home (3 bed/1
bath), providing a second stream of rental income. Both dwellings are currently occupied by tenants and
equipped with independent water softeners. (Tax ID #20-001-118-02A) Beyond the homes lies 58.75 acres (Tax
ID #20-001-118-01) of expansive land enrolled in the Clean & Green program for tax efficiency. This parcel is not
just scenic; it also holds significant tangible value, with an official March 2025 timber estimate of $35,000–
$40,000 for the standing timber. Whether you are an investor seeking a diversified asset or an owner-occupant
looking for a homestead that pays for itself, this property delivers. This property is conveniently located 33
minutes from Allegheny National Forest, 43 minutes from Holiday Valley in Ellicottville, about one hour from
Cherry Springs State Park Astronomy Observation, and just 20 minutes South of Olean. This location is not as far
out as it feels.

Listing Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10301214758 Listed on: 12/22/2025

Howard Hanna Professionals - Olean

Co-Listing Agent

Nicole Roche

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10401395789

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,797

Year Built

  • Built in 1930

Lot Details

  • 62.5 Acre Lot
  • Lot Dimensions are 2670x1900
  • Home fronts a stream
  • Secluded Lot
  • Rectangular Lot
  • Wooded Lot
  • 20-001-118-02A, 20-001-118-01

Home Design

  • Block Foundation
  • Poured Concrete
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 1,326 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • Parking Available
  • Gravel Driveway

Outdoor Features

  • River Access
  • Covered Patio or Porch

Schools

  • Otto Eldred Elementary School
  • Otto Eldred Jr/Sr. High Middle School
  • Otto Eldred Jr/Sr. High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • PEX Plumbing
  • Well
  • Electric Water Heater
  • Water Softener is Owned
  • Sewer Holding Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 20-001-118-02

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,797

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1930
  • Attribution Contact: 716-378-7039
  • Lot Features: Rectangular, Rectangular Lot, Secluded, Wooded
  • Co List Office Mls Id: HWHA10
  • Co List Office Phone: 716-372-1155
  • Flooring: Carpet, Varies, Vinyl
  • Interior Features: Ceiling Fan(s)
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Water Softener Owned
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 1

Exterior Features

  • Acres: 62.5
  • Waterfront Features: River Access, Stream
  • Waterfront: No
  • Construction Type: Vinyl Siding, Copper Plumbing, PEX Plumbing
  • Foundation Details: Block, Poured
  • Patio And Porch Features: Covered, Porch

Garage/Parking

  • Parking Features: Gravel, Parking Available, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, Electricity Connected, High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Otto Eldred Area
  • Ninth Grade High School: Otto Eldred Jr/Sr. High
  • Middle Or Junior School: Otto Eldred Jr/Sr. High

Lot Info

  • Parcel Number: 20-001-118-02
  • Lot Dimensions: 2670X1900
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 20-001-118-02A, 20-001-118-01

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 18000.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 1797.0

MLS Schools

  • Elementary School: Otto Eldred Elementary

Map

Range of Values:

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Value Increase
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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 $1,213 $32,420 $12,950 $19,470
2024 $1,129 $32,420 $12,950 $19,470
2023 $1,129 $32,420 $12,950 $19,470
2022 $1,129 $32,420 $12,950 $19,470
2021 $1,120 $32,420 $12,950 $19,470
2020 $1,120 $32,420 $12,950 $19,470
2019 $1,063 $32,420 $12,950 $19,470
2018 $10 $32,420 $12,950 $19,470
2017 -- $32,420 $12,950 $19,470
2016 $381 $32,420 $12,950 $19,470
2015 $381 $32,420 $12,950 $19,470
2014 $381 $32,420 $12,950 $19,470
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2025 12/22/25 For Sale $334,900 -- $253 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Sheriffs Deed $12,751 None Available
Source: Public Records

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1655499

Chautauqua-Cattaraugus Board of REALTORS®

APN: 20-001. -118.02.