Closed

$40,000

1019 Spruce St APT 1, Olean, NY 14760

5beds

2,608sqft

Quadruplex, Multi Family

Built in 1950

-- sqft lot

$38,800 Zestimate^®

$15/sqft

$1,350 Estimated rent

Home value

$38,800

Estimated sales range

Not available

$1,350/mo

Zestimate^® history

Owner options

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$1,350/mo

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$1,350/mo

Rent Zestimate^®

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$251/mo

Est. payment

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$251/mo

Est. payment

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What's special

Here is a money making apartment house, There are 4 apartments. One of them is empty. All the utilities are separated including the water, however the owner is responsible for collecting the water bill plus the rent. The seller would like to sell this house plus the neighboring house, 1025 Spruce St, together. Of course at this price there are improvements to be made, but there is so much potential. All the tenants want to stay. There are a couple of garages that need to be torn down. The total income for this house is $1,800 per month. There is plenty of off street parking. Take a drive and check out the neighborhood.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 4

Heating

Gas, Gravity, Space Heater, Wall Furnace

Appliances

Included: Gas Water Heater

Features

Flooring: Carpet, Varies, Vinyl
Basement: Dirt Floor,Full
Has fireplace: No

Interior area

Total structure area: 2,608
Total interior livable area: 2,608 sqft

Property

Parking

Parking features: Gravel, Two or More Spaces, Unpaved

Features

Levels: Two
Stories: 2

Lot

Size: 4,356 Square Feet
Dimensions: 33 x 132
Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Details

Parcel number: 04120009404800010100000000
Special conditions: Estate

Construction

Type & style

Home type: MultiFamily
Architectural style: Fourplex
Property subtype: Quadruplex, Multi Family

Materials

Fiber Cement, Frame, Vinyl Siding
Roof: Asphalt

Condition

Resale
Year built: 1950

Utilities & green energy

Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Location

Region: Olean

Financial & listing details

Price per square foot: $15/sqft
Tax assessed value: $45,000
Annual tax amount: $2,438
Date on market: 7/8/2025
Cumulative days on market: 3 days
Listing terms: Cash,Rehab Financing

Price history

Date	Event	Price
9/19/2025	Sold	$40,000-11.1%$15/sqft
Source: NYSAMLSs #B1620966 Report a problem
7/11/2025	Pending sale	$45,000$17/sqft
Source: NYSAMLSs #B1620966 Report a problem
7/8/2025	Listed for sale	$45,000$17/sqft
Source: NYSAMLSs #B1620966 Report a problem