118 S 7th Street Olean, NY ^$ 72,000

118 S 7th Street

^$ 72,000

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118 S 7th Street

Olean, NY, 14760

^$ 72,000

Bedrooms3 Baths2.0 Sq 1,542

Monthly Estimate*

^$ 449

118 S 7th Street, Olean, NY 14760 - Image 1

118 S 7th Street, Olean, NY 14760 - Image 2

118 S 7th Street, Olean, NY 14760 - Image 3

Multi-Family Home for sale in Olean, NY

for $72,000 with 3 bedrooms and 2 full baths. This 1,542 square foot home was built in 1925 on a lot size of 0.0921.

Multi-Family Active

Price

^$ 72,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,518

Style

MultiFamily

Lot Size

0.0921

Year Built

1925

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1633493

Features

General

Sewer Connected

Heating Gas ForcedAir

Utilities SewerConnected WaterConnected

Possession CloseOfEscrow

Appliances GasWaterHeater

Garage Spaces 0.0

Construction Materials Frame

School District Olean

Year Built 1925

Tenant Pays AllUtilities

Stories Count 2

Township Not Applicable

Levels Two

Property Subtype MultiFamily

County Cattaraugus

Property Type Residential

Full Baths 2

Status Active

City Olean

Senior Community Y/N No

High School District Olean

Number Of Units Total 2

MLS Area Olean-City-041200

Lot Size Units Acres

Lot Size Square Feet 4014.0

Year Built Details Existing

Tax Annual Amount 2518.0

Property Condition Resale

Standard Status Active

Middle/Junior School District Olean

Elementary School District Olean

Tax Assessed Value 46500

TaxOtherAnnualAssessmentAmount 0.0

Tax Lot 13

Interior

Basement Full

Flooring Carpet Laminate Varies

Total Fireplaces 0

Total Stories 2

Basement (Y/N) Yes

Heating Y/N Yes

Fireplace Y/N No

Half Baths 0

Total Bedrooms 3

Main Level Bathrooms 0

Total Baths 2

Exterior

Parking Features Unpaved

Lot Features Rectangular RectangularLot ResidentialLot

Water Source Connected Public

Lot Size Area 0.0921

Building Area Total 1542.0

Lot Dimensions 47X84

Lot Size Acres 0.0921

Waterfront Y/N No

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

Road Frontage Type CityStreet

Internal Only

Street Number 1 118

* Excluded Features

List By

Howard Hanna Professionals - Olean

Broker

(716) 378-3953

Phone

Affordability Calculator

$659

Per Month

Monthly Principal & Interest: $449
Monthly Property Taxes: $210
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Olean, NY

Average List Price ^$106,170

Percent of Sale Price 47%

About Olean, NY

18,368 Population

-9% Since 2002

^$45,156 Median Income

40.82 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3219381 Elementary School

3218948 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/17/2025	$72,000	-8.86%	Price Down
8/26/2025	$79,000		Listed Price

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118 S 7th Street, Olean, NY, 14760 is a Multi-Family Home for sale at $72,000 with 1,542 sqft and a lot size of 0.0921. 118 S 7th Street has 3 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 14760 which is in Olean, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Brokers Firm Name.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Weichert Realtors shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright 2025 All rights reserved.

Fair Housing Notice (FHN)-https://www.dos.ny.gov/licensing/docs/FairHousingNotice_new.pdf

Data is updated as of 12/12/2025.

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118 S 7th Street

Multi-Family Home for sale in Olean, NY

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