$45,000
SOLD JAN 2, 2026

605 N 1st St Unit 7 Olean, NY 14760

4 Beds
2 Baths
2,240 Sq Ft
12,611 Sq Ft

Recently Sold

$20 Per Sq Ft

13% Above List Price

5 Days on Market

Highlights

  • Hot Water Heating System
  • Rectangular Lot
  • Carpet

About This Home

As of January 2026

Calling all visionaries, renovators, and savvy investors! This spacious two-family dwelling is brimming with potential and ready for transformation. Whether you're looking to live in one unit and rent the other, or flip for profit, this property offers the perfect canvas. Centrally located, plenty of parking and oozing with possibilities.

Last Agent to Sell the Property

Thomas Butler

Listing by Southern Tier Realty Co. Inc. Brokerage Phone: 716-378-7141 License #10311202991 Listed on: 11/17/2025

Last Buyer's Agent

Thomas Butler

Listing by Southern Tier Realty Co. Inc. Brokerage Phone: 716-378-7141 License #10311202991 Listed on: 11/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,990

Year Built

  • Built in 1875

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 97x130
  • Rectangular Lot

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater

Community Details

  • 2 Units
  • 1 Separate Gas Meter

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 26
  • Assessor Parcel Number 041200-094-049-0004-026-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,990

Year Built

Built in 1875

Lot Details

0.29 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1875
  • Attribution Contact: 716-378-7141
  • Lot Features: Other, Rectangular, Rectangular Lot, See Remarks
  • Flooring: Carpet, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.2895
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Two or More Spaces

Utilities

  • Heating: Gas, Hot Water
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-049-0004-026-000-0000
  • Lot Dimensions: 97X130
  • Lot Size Sq Ft: 12610.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 1990.0
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2025
Closed on
Nov 12, 2025
Sold by
Everitt Constance M Est and Everitt
Bought by
Soc Preventio Cattaraugus
Seller's Agent
Thomas Butler
Southern Tier Realty Co. Inc.
Buyer's Agent
Thomas Butler
Southern Tier Realty Co. Inc.
List Price
$39,995
Sold Price
$45,000
Premium/Discount to List
$5,005
12.51%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
140677.84%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Executors Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2026 01/02/26 Sold $45,000 +12.5% $20 / Sq Ft
11/22/2025 11/22/25 Pending -- -- --
11/17/2025 11/17/25 For Sale $39,995 -- $18 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $3,528 $55,800 $6,400 $49,400
2023 $1,781 $55,800 $6,400 $49,400
2022 $1,802 $55,800 $6,400 $49,400
2021 $2,193 $55,800 $6,400 $49,400
2020 $455 $55,800 $6,400 $49,400
2019 $503 $55,800 $6,400 $49,400
2018 $1,003 $55,800 $6,400 $49,400
2017 $448 $55,800 $6,400 $49,400
2016 $439 $55,800 $6,400 $49,400
2015 -- $55,800 $6,400 $49,400
2014 -- $55,800 $6,400 $49,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1648506

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-049-0004-026-000-0000

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