2002 & 2006 W State Street
Olean, NY, 14760 $ 225,000
Bedrooms3 Baths2.0 Sq 1,850 Monthly Estimate*
$ 1,385
for $225,000 with 3 bedrooms and 2 full baths. This 1,850 square foot home was built in 1900 on a lot size of 0.34.
Positioned in a prime commercial location along the highly traveled Route 417 Corridor in the City of Olean, this versatile corner-lot property offers outstanding visibility, income potential, and endless possibilities for investors, business owners, or owner-occupants alike. The property features a duplex with a detached 2-car garage and includes an additional bonus vacant lot measuring 80 x 88, providing extra parking, expansion opportunities, or future development potential. The front apartment, currently rented for $750 per month, would make an ideal office space for a small business or professional seeking a convenient location with ample parking and easy access. The spacious rear apartment, currently rented for $1,750 per month with tenants vacating at the end of June, offers a unique two-story layout featuring an open-concept kitchen and dining area with island, first-floor laundry, sliding glass doors leading to a deck and backyard, and a comfortable living room with fireplace. Upstairs you’ll find two bedrooms and a full bath, creating an inviting residential space perfect for owner occupancy or continued rental income. Conveniently located within walking distance to medical facilities, grocery stores, churches, major retail shopping, and just one block from the Olean trail system, this property truly combines location, flexibility, and opportunity all in one. The building has been well-maintained and has a 4yr old roof on house & garage, driveway. Come check this out and make your dreams come true!!!
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FeaturesGeneralSewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Appliances GasWaterHeater
Garage Spaces 2.0
Architectural Style Duplex
Construction Materials VinylSiding
School District Olean
Year Built 1900
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MixedUse
Business Type Mixed
Community Features TrailsPaths
Additional Parcels Description 94.063-2-19
County Cattaraugus
Property Type Residential
Garage Y/N Yes
Rent Includes Other SeeRemarks
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 8250.0
Year Built Details Existing
Tax Annual Amount 4763.0
Property Condition Resale
Structure Type Duplex
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 57900
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 18
Property Sub Type Additional Duplex
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InteriorBasement Full
Flooring Carpet LuxuryVinyl 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
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ExteriorParking Features TwoOrMoreSpaces
Lot Features CornerLot NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.34
Building Area Total 1850.0
Lot Dimensions 156X110
Lot Size Acres 0.34
Waterfront Y/N No
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Road Frontage Type CityStreet MainThoroughfare
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* Excluded FeaturesList ByExp-Premier Listings TeamBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,385
- Monthly Property Taxes
- $397
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbySingle family listings in Olean, NY
Average List Price $204,925
Percent of Sale Price 9%
About Olean, NY 18,368 Population
-9% Since 2002
$ 45,156 Median Income
40.82 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
3219381 Elementary School
3218948 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/17/2026 | $225,000 | | Listed Price |