1305 W State Street Olean, NY $ 175,000
1305 W State Street
$ 175,000
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1305 W State Street

Olean, NY, 14760
$ 175,000
Bedrooms4 Baths3.0 Sq 6,680

Monthly Estimate*

$ 1,092

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Multi-Family Home for sale in Olean, NY

for $175,000 with 4 bedrooms and 3 full baths. This 6,680 square foot home was built in 1918 on a lot size of 0.11.

Prime Mixed-Use Commercial Property – 1305 West State Street, Olean, NY Discover the endless potential of this impressive 6,680 sq. ft. mixed-use property in one of Olean’s most visible and high-traffic locations! Formerly home to Shawley’s Office Equipment, this property offers excellent frontage on West State Street, ensuring maximum exposure for your business or investment. The spacious first-floor retail/showroom space is ready for your vision—perfect for offices, retail, a showroom, or convert to additional apartments for added income potential. The property currently features three existing apartments, giving you flexibility while you plan your ideal use. One of the true highlights is the expansive rear lot with dual driveway access from both North 12th Street and North 13th Street. The lot offers parking for approximately 25 vehicles, making it a rare find in the city and ideal for customers, tenants, or delivery access. With its high-visibility location, generous square footage, and versatile layout, this property offers countless possibilities—whether you’re looking to launch your business, expand your portfolio, or create a dynamic mixed-use development in the heart of Olean.

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Multi-Family Active

Price

$ 175,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,955

Style

MultiFamily

Lot Size

0.11

Year Built

1918

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1630017

Features
Interior
Interior Amenities NaturalWoodwork
Basement Partial
Flooring Carpet Hardwood Varies Vinyl
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Window Features ThermalWindows
Fireplace Y/N No
Half Baths 0
Laundry Features WasherHookup
Total Bedrooms 4
Main Level Bathrooms 0
Total Baths 3
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General
Sewer Connected
Heating Gas ForcedAir Gravity Stove
Utilities CableAvailable ElectricityConnected HighSpeedInternetAvailable SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Membrane Rubber
Appliances ElectricWaterHeater
Garage Spaces 0.0
Patio/Porch Features Balcony Deck
Security Features FireEscape
Construction Materials Brick Frame CopperPlumbing
School District Olean
Year Built 1918
Electric CircuitBreakers
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
County Cattaraugus
Property Type Residential
Rent Includes Water
Full Baths 3
Status Active
City Olean
Senior Community Y/N No
High School District Olean
Zoning Description Commercial
Number Of Units Total 3
MLS Area Olean-City-041200
Lot Size Units Acres
Lot Size Square Feet 4792.0
Property Attached Y/N Yes
Year Built Details Existing
Tax Annual Amount 3955.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 72000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 5
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Exterior
Exterior Amenities Balcony Deck
Parking Features Gravel ParkingAvailable OnStreet TwoOrMoreSpaces Unpaved
Lot Features IrregularLot NearPublicTransit
Water Source Connected Public
Lot Size Area 0.11
Building Area Total 6680.0
Lot Dimensions 46X100
Lot Size Acres 0.11
Waterfront Y/N No
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Road Frontage Type MainThoroughfare
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Internal Only
Street Number 1 1305
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* Excluded Features
List By
Real Estate Pros & More

Broker

(716) 307-6960

Phone

Affordability Calculator

$1,421
Per Month
77%
23%
0%
Monthly Principal & Interest
$1,092
Monthly Property Taxes
$330
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3219381 Elementary School
3218948 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/21/2025$175,000 -7.85% Price Down
8/13/2025$189,900 Listed Price

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1305 W State Street, Olean, NY, 14760 is a Multi-Family Home for sale at $175,000 with 6,680 sqft and a lot size of 0.11. 1305 W State Street has 4 bedrooms, 3.0 baths, and was built in 1918. The property's zip code is 14760 which is in Olean, NY