UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,098 sqft
Price per Sqft $61
MLS Listing ID R1710913
Style Duplex
Bedrooms 4
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $3,503
Lot Size 4,800 Sqft
Acres 0.1102
Lot Dimensions 48X100
Property Sub-Type Duplex
Property Description
There is a difference between a rental property that has been owned and one that has been cared for. This one reads immediately as the second kind.
THE UNITS
Both apartments offer two bedrooms and a full bath, and each carries a bonus — an extra room beyond the standard layout that works as a dining room, a home office, or simply additional living space. That flexibility is quietly valuable in a rental: it widens the pool of people the unit suits and it supports a stronger rent.
The downstairs unit adds private outdoor space of its own, with a back deck and a small front porch.
THE GARAGE
A spacious two-car garage sits on the property. In a market where covered parking is scarce, this is not a footnote — it is a feature tenants stay for, and it gives the property something most comparable rentals simply cannot offer.
THE OPERATING PICTURE
Both units are occupied under long-term tenancies, so the property produces from closing rather than after a lease-up. Tenants currently handle lawn maintenance and snow removal, which keeps the owner's seasonal workload and outside vendor costs down. Laundry for both apartments is located in the basement.
DISCLOSED PLAINLY: electrical service throughout the building is a mix of fuses and circuit breakers. It is noted here so buyers can price it accurately and address it with their lender and insurer up front.
AVAILABLE AS A PACKAGE
This duplex may be purchased together with a nearby three-unit property held by the same owner — a combined five units in a single transaction, with one seller and one closing timeline. Each property is a one- to four-unit residential building and can also be purchased individually. Buyers should confirm financing structure with their own lender.
For an investor building a footprint in Olean, acquiring two well-maintained, fully occupied buildings at once is a considerably faster path than assembling them one at a time.
Location
State NY
County Cattaraugus
Area Olean-City-041200
Rooms
Basement Full
Interior
Interior Features Ceiling Fan(s), Sliding Glass Door(s), Natural Woodwork
Heating Gas, Forced Air, Wall Furnace
Flooring Carpet, Hardwood, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Deck
Garage Spaces 2.0
Utilities Available Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Porch Covered, Deck, Porch
Garage Yes
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 2
Foundation Block, Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Vinyl Siding,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
Elementary Schools Washington West Elementary
Middle Schools Olean Middle
High Schools Olean Senior High
School District Olean
Others
Senior Community No
Tax ID 041200-094-064-0008-001-000-0000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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Nearby Locations
Khem Kadariya
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