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
Amenities
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
Estimates only. Actual payments may vary.
Location
815 Washington Street
Olean, NY 14760
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Outdoor Features
Parking
Heating
Appliances
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.


