About This Home

This 4-bedroom, 2-bathroom multi-family at 815 Washington Street in Olean, NY is listed for $129,900 ($62 per sqft). Built in 1910, the home offers 2,098 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1910
  • 0.11 acre lot
  • 2 stories

Property Details

2 stories
2 full
1910

Amenities

Hardwood
Listing Description

A DUPLEX THAT HAS BEEN LOOKED AFTER There is a difference between a rental property that has been owned and one that has been cared for. This one reads immediately as the second kind. THE UNITS Both apartments offer two bedrooms and a full bath, and each carries a bonus - an extra room beyond the standard layout that works as a dining room, a home office, or simply additional living space.

That flexibility is quietly valuable in a rental: it widens the pool of people the unit suits and it supports a stronger rent. The downstairs unit adds private outdoor space of its own, with a back deck and a small front porch. THE GARAGE A spacious two-car garage sits on the property.

In a market where covered parking is scarce, this is not a footnote - it is a feature tenants stay for, and it gives the property something most comparable rentals simply cannot offer. THE OPERATING PICTURE Both units are occupied under long-term tenancies, so the property produces from closing rather than after a lease-up.

Tenants currently handle lawn maintenance and snow removal, which keeps the owner's seasonal workload and outside vendor costs down. Laundry for both apartments is located in the basement. DISCLOSED PLAINLY: electrical service throughout the building is a mix of fuses and circuit breakers.

It is noted here so buyers can price it accurately and address it with their lender and insurer up front. AVAILABLE AS A PACKAGE This duplex may be purchased together with a nearby three-unit property held by the same owner - a combined five units in a single transaction, with one seller and one closing timeline.

Each property is a one- to four-unit residential building and can also be purchased individually. Buyers should confirm financing structure with their own lender. For an investor building a footprint in Olean, acquiring two well-maintained, fully occupied buildings at once is a considerably faster path than assembling them one at a time.

Monthly Cost Estimate

$695/mo

20% down · 6.5% · 30 years

Principal$94
Interest$563
Insurance$38

Estimates only. Actual payments may vary.

Location

815 Washington Street

Olean, NY 14760

Features & Amenities

Interior Features

CeilingFansSlidingGlassDoorsNaturalWoodwork

Exterior Features

Deck

Property Details

Flooring

HardwoodVinylVariesLaminateCarpet

Construction

VinylSiding CopperPlumbing PexPlumbing

Outdoor Features

DeckPorch

Parking

Open

Heating

Natural GasForced Air

Appliances

GasWaterHeater

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 815 Washington Street is listed at $129,900 ($62/sqft). The estimated monthly payment is $695 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.11 acre lot, 2 stories. Interior Features: CeilingFans, SlidingGlassDoors, NaturalWoodwork. Exterior Features: Deck.

This property is listed by Paul Pezzimenti and can be reached at 7163787039.

PP

Paul Pezzimenti

License 10301214758

Agent at Howard Hanna Holt Real Estate

(716) 378-7039
Agent website

Listed by Howard Hanna Holt Real Estate · Broker phone: (716) 269-4208 · View on Broker Site · Broker website

MLS# R1710913· Source: New York State Alliance of MLSs, LLC· 13 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

815 Washington Street, Olean, NY 14760

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