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.
Pending
$89,900
1015 Washington St, Olean, NY 14760
4beds
1,988sqft
Duplex, Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$45/sqft
$-- HOA
What's special
Spacious front porchAdditional lotIn unit laundry
- 64 days
- on Zillow |
- 21 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: February 26, 2025 at 01:13pm
Listing by:
Howard Hanna Professionals 716-372-1155,
Paul Pezzimenti 716-378-7039
Source: NYSAMLSs,MLS#: R1589648
Originating MLS: Chautauqua-Cattaraugus

Travel times
Facts & 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: 3,571.92 Square Feet
- Dimensions: 42 x 85
- Features: Rectangular, 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 & HOA
Location
- Region: Olean
Financial & listing details
- Price per square foot: $45/sqft
- Tax assessed value: $56,800
- Annual tax amount: $3,243
- Date on market: 2/21/2025
- Listing terms: Cash,Conventional,FHA
- Tenant pays: All Utilities
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