Welcome to the epitome of East Olean's real estate gem – a fully remodeled duplex standing proudly on the corner of Queen St and Bell Street. This meticulously crafted residence offers a harmonious blend of modern luxury and classic charm, making it an investor's dream or an ideal home for those looking to live smartly through house hacking. With separate entrances for each unit, this duplex ensures privacy and flexibility, allowing you to optimize your living arrangements according to your needs. Nestled in the heart of East Olean, this property doesn't just offer a roof over your head; it presents an incredible opportunity to invest wisely in a high-cash-flowing asset. Don't miss your chance to secure a place where smart living and financial success converge
Last Agent to Sell the Property
Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10301214758 Listed on: 10/07/2023
$119,900
Beautifully renovated duplex in a prime location near Olean General Hospital, making it a fantastic investment for an Airbnb, rental, or owner-occupied home. With a newer asphalt roof and a brand-new rubber roof on the flat portion, this property has been completely updated, featuring all-new electric, a brand-new hot water tank, and LVT flooring and carpet throughout. Both units are freshly
Mason Meggo HUNT Real Estate Corporation
$152,000
This is a 5 unit apartment complex located in downtown Olean next to JCC. Zoned Commercial. 3 of the units are currently rented by long term tenants that pay on time. The 4th unit is vacant and ready to move in. The 5th unit is under construction. The Broker/Appraiser estimates the gross yearly rent to be $48,000 annually with a $28,000 Net profit. The CAP rate at full asking price is 15.8 %. 5
James Dwaileebe 3D Real Estate LLC
$135,000
Discover the perfect blend of space, location, and investment potential at this very well-maintained two-family home in the heart of Olean. Offering nearly 3,000 sq. ft. of finished living space, this versatile duplex features 5+ bedrooms, 2 full bathrooms, and two fully equipped kitchens—ideal for owner-occupants, investors, or multi-generational living. The fully renovated lower unit highlights
Greg Spako ERA Team VP Real Estate
$150,000
Don't miss this amazing opportunity to own your own home and make some extra income on the side! This well maintained 2/studio double is located just minutes from shopping and restaurants. It offers the ideal blend on convenience and comfort. Updates include a 2 yr old tear off architectural roof, 2 yr old siding, updated flooring, newly renovated master bedroom, newly renovated bathroom and
Bethany Gonyou Howard Hanna WNY Inc.
$109,900
Looking for a smart addition to your investment portfolio or the perfect owner-occupied opportunity? This freshly updated upper/lower duplex checks all the boxes! Each unit features 1 spacious bedroom, making it ideal for easy-to-manage rental income or comfortable living with added income potential.From the moment you pull into the blacktop driveway, you'll appreciate the low-maintenance
Paul Pezzimenti Howard Hanna Professionals - Olean
$119,000
Great investment property. Main property has three bedrooms 1 full bath. Tenant pays $750/mo and has been a long standing tenant. Out back has a 2 unit with both being a 2 bed and 1 bath. Upper unit is occupied and tenant pays $500/mo. Lower is unoccupied but has brought in $500/mo in the past. Live in one and let the rest pay the mortgage or rent the last apartment and have a great rental
Kelly Patrone Howard Hanna Professionals - Olean
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $120,000 | None Available | |
| Executors Deed | $44,500 | None Available | |
| Interfamily Deed Transfer | $10,900 | -- | |
| Interfamily Deed Transfer | $10,900 | -- |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2024 09/10/24 | Sold | $120,000 | -7.6% | $65 / Sq Ft |
| 07/22/2024 07/22/24 | Pending | -- | -- | -- |
| 05/06/2024 05/06/24 | For Sale | $129,900 | +8.3% | $70 / Sq Ft |
| 04/04/2024 04/04/24 | Pending | -- | -- | -- |
| 03/29/2024 03/29/24 | Off Market | $120,000 | -- | -- |
| 10/07/2023 10/07/23 | For Sale | $129,900 | -- | $70 / 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 | $2,265 | $60,000 | $6,900 | $53,100 |
| 2023 | $2,259 | $60,000 | $6,900 | $53,100 |
| 2022 | $1,060 | $27,750 | $6,900 | $20,850 |
| 2021 | $1,090 | $27,750 | $6,900 | $20,850 |
| 2020 | $1,098 | $27,750 | $6,900 | $20,850 |
| 2019 | $420 | $27,750 | $6,900 | $20,850 |
| 2018 | $1,510 | $28,000 | $6,900 | $21,100 |
| 2017 | $1,135 | $28,000 | $6,900 | $21,100 |
| 2016 | $1,123 | $28,000 | $6,900 | $21,100 |
| 2015 | -- | $28,000 | $6,900 | $21,100 |
| 2014 | -- | $28,000 | $6,900 | $21,100 |
Seller's Agent in 2024
Paul Pezzimenti
Howard Hanna
(716) 378-7039
192 in this area
330 Total Sales
Buyer's Agent in 2024
Rebecca Laborde
EXP-Premier Listings Team
(716) 378-5055
37 in this area
67 Total Sales
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1500331
APN: 041200-094-059-0005-083-000-0000
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