$39,995
PENDING

605 N 1st St Unit 7 Olean, NY 14760

Estimated payment $376/month

Total Views 1,132
4 Beds
2 Baths
2,240 Sq Ft
$18 Price per Sq Ft

Highlights

  • Hot Water Heating System
  • Rectangular Lot
  • Carpet

About This Home

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.

Listing 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

  • 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

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

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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

Property History

Date Event Price List to Sale Price per 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)

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