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    216 N 15Th St Olean, NY 14760

    New
    For Sale
    $99,900

    MULTI_FAMILY - Other - Olean, NY

    Property size:
    2,370 SF
    Lot size:
    0.20 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 216 N 15Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 5, Bedroom 6, Basement, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    7
    Bathrooms
    3
    APN
    041200-094-055-0004-023-000-0000
    Interior features
    PullDownAtticStairs
    Appliances
    GasWaterHeater
    Size
    2,370 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Hot Water(Heating), Baseboard, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1912
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Carpet, Vinyl, Varies, Hardwood
    Building materials
    VinylSiding
    Roof type
    Asphalt
    Architectural style
    Other

    Howard Hanna Holt Real Estate (716) 269-4208 [email protected]

    Listing agent Kelly Patrone (716) 372-1155 License #30PA0967867

    Listing date Dec 4, 2025

    MLS# R1541991 Listing URL

    Copyright © 2025 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.

    Overview

    Multifamily Investment Property in Olean

    This multifamily property presents a promising investment opportunity, featuring a main property with three bedrooms and one full bath, currently rented for $750 per month by a long-term tenant. Additionally, the property includes a two-unit building, each unit offering two bedrooms and one bath. The upper unit is occupied and generates $600 per month, while the lower unit also brings in $600 per month. The property provides parking spaces for each unit. The property size is 2,370 square feet and the lot size is approximately 0.1998 acres. Located in Olean, NY, this property is suited for investors seeking to enter the market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.447962
    Latitude
    42.080558

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    FAQs

    What type of property is this?
    Triplex - Multifamily property with steady rental income in Olean, NY.
    Where is this triplex located?
    The property is located at 216 N 15Th St Olean, NY.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - Income-generating property with three units currently occupied.; - Main property features **three bedrooms and one bathroom**.; - Additional two-unit building, each with two bedrooms and one bathroom.
    (716) 372-1155
    Request Owner's contact information
    216 N 15Th St Olean, NY 14760
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    Olean, NY 14760
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    216 N 15Th St Olean, NY 14760
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