Well maintained 3 unit multi family apartment centrally located in Olean. 2 lower aprtments are 1 bedroom, 1 bathroom and are always filled. The upper apartment has 2 bedrooms , 1 bathroom and 1 office which could be used as a 3rd bedroom. This apartment building has hardwood floors throughout, High ceilings, newer electric. Washer and dryer for each apartment. The apartment is located on a double lot with 2 long standing commercial businesses on each side. Very valuable Real Estate. The lot is big enough to add a 3rd or 4th unit.This apartment building turn key and an instant money maker. The reason the owner is selling is his advanced age.
Closed
Zestimate®
$173,000
1507 W State St, Olean, NY 14760
4beds
2,587sqft
Triplex, Multi Family
Built in 1910
-- sqft lot
$173,000 Zestimate®
$67/sqft
$1,054 Estimated rent
Home value
$173,000
$159,000 - $189,000
$1,054/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: February 24, 2026 at 05:59am
Listed by:
James Dwaileebe 716-307-2300,
3D Real Estate LLC
Bought with:
James Dwaileebe, 10491206584
3D Real Estate LLC
Source: NYSAMLSs,MLS#: B1649894
Originating MLS: Buffalo
Originating MLS: BuffaloFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Forced Air, Wall Furnace
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Hardwood, Varies
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 2,587
- Total interior livable area: 2,587 sqft
Property
Parking
- Parking features: Parking Available
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,576 sqft
- Dimensions: 67 x 128
- Features: Corner Lot, Rectangular, Rectangular Lot
Details
- Parcel number: 04120009406300060190000000
- Zoning description: Residential Multi Use
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subtype: Triplex, Multi Family
Materials
- Aluminum Siding, Shake Siding
- Foundation: Poured
- Roof: Asphalt
Condition
- Resale
- Year built: 1910
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Olean
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2026 | Sold | $173,000-3.4%$67/sqft |
Source:  NYSAMLSs #B1649894 Report a problem | ||
| 11/12/2025 | Pending sale | $179,000$69/sqft |
Source: NYSAMLSs #B1649894 Report a problem | ||
| 11/8/2025 | Listed for sale | $179,000$69/sqft |
Source: NYSAMLSs #B1649894 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $54,500 |
| 2023 | -- | $54,500 |
| 2022 | -- | $54,500 |
Find assessor info on the county website
Neighborhood: 14760
Nearby schools
GreatSchools rating
- 2/10Washington West Elementary SchoolGrades: PK-3Distance: 0.3 mi
- 4/10Olean Middle SchoolGrades: 2-7,9-10Distance: 0.8 mi
- 5/10Olean Senior High SchoolGrades: 8-12Distance: 0.8 mi
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.
- New York
- Cattaraugus County
- Olean
- 14760
- 1507 W State St