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.
Pending
$45,000
1019 Spruce St APT 1, Olean, NY 14760
5beds
2,608sqft
Quadruplex, Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$17/sqft
$-- HOA
What's special
- 12 days
- on Zillow |
- 222 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 08:09am
Listing by:
ERA Team VP Real Estate 716-372-2234,
Linda M Simons 585-610-5805
Source: NYSAMLSs,MLS#: B1620966
Originating MLS: Buffalo

Travel times
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: $17/sqft
- Tax assessed value: $45,000
- Annual tax amount: $2,438
- Date on market: 7/8/2025
- Listing terms: Cash,Rehab Financing
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