Great rental property

Both units are rented out. Downstairs is partially furnished and has been redone with all new flooring, kitchen fixed up with new backsplash, replacement windows. This is turn key and brings in $1350 a month. It is a 2 bedroom, one bath unit.

The upstairs has also been f ixed up and brings in $900 a month rent. It has 2 nice size bedrooms and 1 bath. These units are done and have laundry hookups in each unit. The location is outstanding, close t the YMCA, Bicycle trail, stores, schools. Off street parking. Great Investment property!

Request Information
on 502 N 8th St
in Olean, NY
Presented by Karen Callahan at
Vandyke Agency Llc.


Property MLS #B1537033 from NYStateAlliance

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 4

+ Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

+ Appliances

GasWaterHeater

+ Heating and Cooling

Heating Features: Gas, ForcedAir
Heating: Yes

+ Interior Features

Flooring: Carpet, Tile, Varies, Vinyl

+ Other Rooms

Basement Description: Partial

+ Land Info

Lot Description: ResidentialLot
Lot Size Acres: 0.1469238
Lot Size Dimensions: 50X128
Lot Size Square Feet: 6400

+ Exterior and Lot Features

Road Frontage Type: CityStreet

+ Garage and Parking

Garage Description: ParkingAvailable
Parking Features: ParkingAvailable

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ School Information

Elementary School District: Olean
High School District: Olean
Middle or Junior School District: Olean
+ Display Complete School Details

Olean Middle School is a public elementary and middle school located approximately 0.3 miles away.
Map directions

Olean Senior High School is a public middle and high school located approximately 0.3 miles away.
Map directions

New Life Christian School is a private elementary, middle and high school located approximately 0.5 miles away.
Map directions

+ Multi-Unit Info

Number of Units In Community: 2
Number of Units: 2

+ Rental Info

Tenant Pays: AllUtilities

+ Other Property Info

Annual Tax Amount: 1986
Source Listing Status: Pending
County: Cattaraugus
Cross Street: Wayne St.
Directions: Take State St. to Wayne. It is on the corner of N. 8th and Wayne St.
Source Property Type: Residential
Area: Olean-City-041200
Source Neighborhood: Olean-City-041200
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Parcel Number: 041200-094-048-0002-001-001-0000
Postal City: Olean
Property Subtype: MultiFamily
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2023	$32800 + $4200 $37000	$1405
2022	$32800 + $4200 $37000	$1447
2021	$32800 + $4200 $37000	$483
2020	$32800 + $4200 $37000	$1464
2017	$32800 + $4200 $37000	$1499
2016	$32800 + $4200 $37000	$1483
2015	$32800 + $4200 $37000	$1452
2014	$32800 + $4200 $37000	$1400
2014	$32800 + $4200 $37000	$1420
2013	$32800 + $4200 $37000	$1363
2012	$32800 + $4200 $37000	$1340
2011	$32800 + $4200 $37000	$1329
2010	$32800 + $4200 $37000	$1854
2009	$1850 + $380 $2230	$1187
2007	$1850 + $380 $2230	$937

+ Reveal Property Sale History

Listed 2024-05-15
$132000
NYStateAlliance

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Listing removed 2024-05-01
$129000
NYStateAlliance

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Listing removed 2023-01-12
$99000
NYStateAlliance

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Sold 2022-05-18
$27500
Public Record

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Sold 2001-03-26
$48500
Public Record

+ Commercial Info

Operating Expense Includes: Insurance, MaintenanceStructure, Maintenance, SnowRemoval

+ Building and Construction

Total Square Feet Living: 1910
Year Built: 1910
Building Area Source: Assessor
Building Area Total: 1910
Construction Materials: VinylSiding
Levels: Two
Property Age: 114
Property Condition: Resale
Levels or Stories: 2
Building Total Stories: 2
Year Built Details: Existing

+ Utilities

Sewer: Connected
SewerConnected
WaterConnected
Water Source: Connected, Public