Turnkey investment opportunity in the City of Olean. This upper/lower duplex is fully rented and ready for new ownership. The lower unit is currently leased at $750 per month to a local company that covers all utilities for the tenant. The lease includes a 60-day eviction clause, offering flexibility for future use.
This property has been well maintained, with one side of the roof replaced just a year ago and the other side seven years ago. Both units have separate utilities and heating systems, making it an easy and efficient investment to manage.
The property has a spacious front porch, in unit laundry, appliances, and well kept front and back entrances for each unit.
An additional lot at 1013 Washington will transfer with the sale, providing extra yard space or potential for another driveway. Whether you're expanding your rental portfolio or looking for an owner-occupant opportunity with rental income, this duplex is a solid investment.
Schedule your showing today.
Closed
$90,000
1015 Washington St, Olean, NY 14760
4beds
1,988sqft
Duplex, Multi Family
Built in 1940
-- sqft lot
$85,500 Zestimate®
$45/sqft
$1,052 Estimated rent
Home value
$85,500
Estimated sales range
Not available
$1,052/mo
Zestimate® history
Owner options
List your home for rent
$1,052/mo
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$1,052/mo
Rent Zestimate®
Refinance and save
$564/mo
Est. payment
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$564/mo
Est. payment
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List your homeWhat's special
Spacious front porchAdditional lotIn unit laundry
Zillow last checked:
Listing updated:
Listed by:
Paul Pezzimenti 716-378-7039,
Howard Hanna Professionals - Olean
Bought with:
Karen E Callahan, 10401294365
RE/MAX On Point
Source: NYSAMLSs,MLS#: R1589648
Originating MLS: Chautauqua-Cattaraugus
Originating MLS: Chautauqua-CattaraugusFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Gas, Baseboard, Hot Water, Steam
Appliances
- Included: Gas Water Heater
- Laundry: Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: Carpet, Laminate, Varies, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,988
- Total interior livable area: 1,988 sqft
Property
Parking
- Parking features: Two or More Spaces
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Deck
Lot
- Size: 3,571 sqft
- Dimensions: 42 x 85
- Features: Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 04120009406400070010000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding, Copper Plumbing
- Foundation: Stone
Condition
- Resale
- Year built: 1940
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Olean
Other
Other facts
- Listing terms: Cash,Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $90,000+0.1%$45/sqft |
Source:  NYSAMLSs #R1589648 Report a problem | ||
| 2/26/2025 | Pending sale | $89,900$45/sqft |
Source: NYSAMLSs #R1589648 Report a problem | ||
| 2/21/2025 | Listed for sale | $89,900+79.8%$45/sqft |
Source: NYSAMLSs #R1589648 Report a problem | ||
| 8/5/2005 | Sold | $50,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $56,800 |
| 2024 | -- | $56,800 |
| 2023 | -- | $56,800 |
| 2022 | -- | $56,800 |
| 2021 | -- | $56,800 |
| 2020 | -- | $56,800 |
| 2019 | -- | $56,800 |
| 2018 | -- | $56,800 |
| 2017 | $886 | $56,800 |
| 2016 | -- | $56,800 |
| 2015 | -- | $56,800 |
| 2014 | -- | $56,800 |
| 2013 | -- | $56,800 |
| 2012 | -- | $56,800 |
| 2011 | -- | $56,800 |
| 2010 | -- | $56,800 |
| 2009 | -- | $56,800 +859.5% |
| 2008 | -- | $5,920 |
| 2007 | -- | $5,920 |
| 2006 | -- | $5,920 |
| 2005 | -- | $5,920 |
| 2004 | -- | $5,920 |
| 2002 | -- | $5,920 |
| 2001 | -- | $5,920 |
Find assessor info on the county website
Neighborhood: 14760
Nearby schools
GreatSchools rating
- 2/10Washington West Elementary SchoolGrades: PK-3Distance: 0.4 mi
- 5/10Olean Senior High SchoolGrades: 8-12Distance: 0.4 mi
- 4/10Olean Middle SchoolGrades: 3-8Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Washington West Elementary
- Middle: Olean Middle
- High: Olean Senior High
- District: Olean
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New York
- Cattaraugus County
- Olean
- 14760
- 1015 Washington St
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