Opportunity awaits in the heart of Olean! This two-unit property is a solid option for those looking to add to their portfolio or start building rental income. Featuring separate gas, electric, and water utilities, the setup allows for added convenience and flexibility. Just a short distance to a spacious community park featuring tennis courts, a dog park, and plenty of open recreational space.
The property is priced to reflect the work needed, offering the chance to improve and maximize its potential. With the right updates, this could become a strong income-producing asset.
Conveniently located near local amenities, shopping, and dining, this property combines location, value, and opportunity—an ideal project for those ready to make it their own.
The property is priced to reflect the work needed, offering the chance to improve and maximize its potential. With the right updates, this could become a strong income-producing asset.
Conveniently located near local amenities, shopping, and dining, this property combines location, value, and opportunity—an ideal project for those ready to make it their own.
Property Details
Price:
$45,000
MLS #:
R1673230
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
oleancity041200
Listed Date:
Apr 20, 2026
Finished Sq Ft:
2,545
Total Sq Ft:
2,545
Lot Size:
5,760 sqft / 0.13 acres (approx)
Year Built:
1900
Units:
2
See this Listing
Schools
School District:
Olean
Interior
Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Flooring
Hardwood, Laminate, Varies
Heating
Gas, Forced Air
Levels
Two
Exterior
Architectural Style
Duplex
Construction Materials
Wood Siding
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
One Space
Stories
2
Financial
Taxes
$2,104
Map
Community
- Address207 North 5th Street Olean NY
- CityOlean
- CountyCattaraugus
- Zip Code14760
Market Summary
Current real estate data for Multi Family in Olean as of Jul 17, 2026
22
Multi Family Listed
127
Avg DOM
176
Avg $ / SqFt
$267,632
Avg List Price
Property Summary
- 207 North 5th Street Olean NY is a Multi Family for sale in Olean, NY, 14760. It is listed for $45,000
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Courtesy of EXP-Premier Listings Team. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 207 North 5th Street
Olean, NY