Fantastic investment opportunity in Olean, NY! This side-by-side 2-unit property offers a practical and appealing layout, perfect for investors or owner-occupants seeking rental income. Each unit features a welcoming first floor with a living room, kitchen, and dining room, creating a comfortable and functional living space. Upstairs, you’ll find two well-sized bedrooms and a full bathroom in each apartment, offering privacy and convenience for tenants or occupants. The property boasts a good-sized yard, ideal for outdoor enjoyment or entertaining, and a charming front deck to enhance curb appeal. Off-street parking adds a valuable convenience for tenants or guests. Whether you're looking to add to your portfolio or take the first step into real estate investing, this property is an excellent choice with its desirable location and practical amenities. Don’t miss your chance to own this versatile and promising property!
Last Agent to Sell the Property
Listing by Howard Hanna Professionals Brokerage Phone: 716-307-9256 License #10301215129
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Listing and Financial Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Sold | $76,000 | -4.9% | $34 / Sq Ft |
| 11/22/2024 11/22/24 | Pending | -- | -- | -- |
| 11/18/2024 11/18/24 | For Sale | $79,900 | -- | $36 / Sq Ft |
| 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 | $2,413 | $38,000 | $5,200 | $32,800 |
| 2023 | $1,431 | $38,000 | $5,200 | $32,800 |
| 2022 | $1,451 | $38,000 | $5,200 | $32,800 |
| 2021 | $1,493 | $38,000 | $5,200 | $32,800 |
| 2020 | $1,504 | $38,000 | $5,200 | $32,800 |
| 2019 | $992 | $38,000 | $5,200 | $32,800 |
| 2018 | $1,485 | $38,000 | $5,200 | $32,800 |
| 2017 | $1,540 | $38,000 | $5,200 | $32,800 |
| 2016 | $1,523 | $38,000 | $5,200 | $32,800 |
| 2015 | -- | $38,000 | $5,200 | $32,800 |
| 2014 | -- | $38,000 | $5,200 | $32,800 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $52,000 | Purchase Money Mortgage |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $76,000 | None Available | |
| Warranty Deed | $50,000 | None Available | |
| Deed | $37,000 | Thomas Rickert | |
| Deed | $37,000 | Thomas Rickert |
$87,900
Excellent investment opportunity or perfect for owner-occupancy! This well-maintained 2,388 sq ft two-unit property is ideally located near downtown Olean, offering easy access to shopping, dining, schools, parks, and other local amenities. Each unit features 2 bedrooms, 1 full bathroom, spacious living and dining areas, and separate utilities for tenant convenience. On-street parking is
Regis Handley Howard Hanna Professionals
$89,900
Turnkey investment opportunity in the City of Olean. This upper/lower duplex is fully rented and ready for new ownership. The lower unit is currently leased at $750 per month to a local company that covers all utilities for the tenant. The lease includes a 60-day eviction clause, offering flexibility for future use. This property has been well maintained, with one side of the roof
Paul Pezzimenti Howard Hanna Professionals
$79,500
Check out this great rental investment opportunity! Two of the units are currently rented; with the third being vacant there is a the possibility of moving in to this cash flow opportunity or renting out all three. A new roof was installed September of 2023.
Amanda Reynolds Howard Hanna Professionals
$79,900
Check out this two family income property.
John Dwaileebe Howard Hanna Professionals
$79,900
Prime Investment Opportunity in North Olean!Nestled in the heart of North Olean, this 3-unit property offers incredible potential for investors or owner-occupiers. Located just around the corner from Olean Intermediate Middle School and a short stroll to Downtown Olean, this property provides convenience and accessibility in a highly desirable area.Each unit features separate
Paul Pezzimenti Howard Hanna Professionals
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1577970
APN: 041200-094-072-0004-017-000-0000
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