MIXED-USE INVESTMENT OPPORTUNITY – 2 APARTMENTS + COMMERCIAL STOREFRONT
Versatile mixed-use property offering two residential apartments and approximately 2,100 sq. ft. of first-floor commercial space. A great opportunity for an investor or business owner looking for multiple uses and income potential under one roof.
The first apartment features a studio-style layout with a full kitchen offering plenty of cabinet space and a nicely sized full bathroom. The second apartment offers 2 bedrooms, a living room, spacious kitchen, and full bathroom. Both apartments also feature access to large porch areas.
The first-floor commercial space offers approximately 2,100 sq. ft., highlighted by large storefront windows providing excellent natural light and visibility. The space includes a bathroom, several storage rooms, updated flooring, fresh paint, and a new HVAC system. An attached 1-car garage provides additional storage and functionality.
With residential and commercial space all in one property, this building offers flexibility for a variety of business and investment possibilities. Whether adding to an investment portfolio or looking for a location that combines commercial space with residential rental income, this property is ready for its next chapter.
Active
Price cut: $5K (10/9)
$159,900
318 Wayne St, Olean, NY 14760
3beds
5,594sqft
Mixed Use, Triplex, Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$29/sqft
$-- HOA
What's special
New hvac systemFresh paintStudio-style layoutSeveral storage roomsUpdated flooringSpacious kitchen
- 60 days
- 173
- 22
Zillow last checked:
Listing updated:
Listed by:
Real Estate Pros & More 716-372-7100,
Kenneth M. Bailey 716-307-6960
Source: NYSAMLSs,MLS#: R1706615
Originating MLS: Chautauqua-Cattaraugus
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air, Radiator(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Varies, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,594
- Total interior livable area: 5,594 sqft
Property
Parking
- Total spaces: 1
- Parking features: Common, Gravel, On Street
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 1,306 Square Feet
- Dimensions: 24 x 86
- Features: Pie Shaped Lot
Details
- Parcel number: 04120009405700010360000000
- Zoning description: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subtype: Mixed Use, Triplex, Multi Family
Materials
- Fiber Cement
- Roof: Asphalt,Rolled/Hot Mop
Condition
- Resale
- Year built: 1890
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: $29/sqft
- Tax assessed value: $50,000
- Annual tax amount: $2,872
- Date on market: 8/12/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Price change | $159,900-3%$29/sqft |
Source: | ||
| 9/29/2026 | Price change | $164,900-5.7%$29/sqft |
Source: | ||
| 8/12/2026 | Listed for sale | $174,900+169.1%$31/sqft |
Source: | ||
| 3/9/2023 | Sold | $65,000+150%$12/sqft |
Source: Public Record Report a problem | ||
| 6/4/1996 | Sold | $26,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $50,000 |
| 2024 | -- | $50,000 |
| 2023 | -- | $50,000 |
| 2022 | -- | $50,000 |
| 2021 | -- | $50,000 |
| 2020 | -- | $50,000 |
| 2019 | -- | $50,000 |
| 2018 | -- | $50,000 |
| 2017 | $751 | $50,000 |
| 2016 | -- | $50,000 |
| 2015 | -- | $50,000 |
| 2014 | -- | $50,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 14760
Nearby schools
Schools provided by the listing agent
- District: Olean
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




