Two Ranch Homes on One
101 & 103 N 19th Street Olean, NY 14760
For Sale
$224,900
Pending
MULTI_FAMILY - Olean, NY
Property Size1,703 SF
Lot Size0.09 Acres
Days on Market71
Property Features for 101 & 103 N 19th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Basement
Parking features
Garage, Open
Patio and Porch features
Porch
Interior features
CeilingFans, NaturalWoodwork
Exterior features
EnclosedPorch, Porch
Appliances
GasWaterHeater
Standard status
Pending
APN
041200-094-063-0002-017-000-0000
Size
1,703 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4192
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Varies, Hardwood, Carpet
Building materials
VinylSiding, WoodSiding, PexPlumbing
Listing Agency:
Howard Hanna Professionals - Olean
(716) 372-1155
Listed By:
Paul Pezzimenti · License #10301214758
(716) 378-7039
Added: May 19
Changed: Jul 12
Last Checked: Jul 28 at 3:06PM
MLS# R1683197
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.
Investment Insights
Based on property information with market context.
This offering presents two updated ranch homes situated on a single property, providing flexible options for owner-occupancy or residential rental use. The main home at 103 N 19th Street includes hardwood floors throughout, a first-floor laundry area, and a half bath. Recent improvements include brand new plumbing and updated basement drainage. Additional living space opens to a covered and screened-in back porch for year-round outdoor enjoyment. A second bedroom is currently being used as a laundry room, but can be restored to a full bedroom if desired.
The second home at 101 N 19th Street is a self-contained, one-bedroom ranch with single-level living. A standout feature is an oversized two-car garage, offering expanded storage or workspace utility. The home includes updated electrical, and the owner is currently installing brand new PEX plumbing as part of bringing it fully up to date.
The sale includes parcels identified as 94.063-2-17 (103 N 19th), 94.063-2-20.1 (101 N 19th), and 94.063-2-20.2 (a vacant lot behind 103 N 19th). For buyers seeking two separate ranch residences with practical day-to-day features already completed, this property’s move-in readiness and thoughtful updates are designed to support immediate use.
The second home at 101 N 19th Street is a self-contained, one-bedroom ranch with single-level living. A standout feature is an oversized two-car garage, offering expanded storage or workspace utility. The home includes updated electrical, and the owner is currently installing brand new PEX plumbing as part of bringing it fully up to date.
The sale includes parcels identified as 94.063-2-17 (103 N 19th), 94.063-2-20.1 (101 N 19th), and 94.063-2-20.2 (a vacant lot behind 103 N 19th). For buyers seeking two separate ranch residences with practical day-to-day features already completed, this property’s move-in readiness and thoughtful updates are designed to support immediate use.
Key Highlights
- Two ranch homes on one property at 101 & 103 N 19th Street, built 1945
- Main house at 103 N 19th St: 975 SF with hardwood floors, first‑floor laundry, and half bath
- Main house updates include brand new plumbing and updated basement drainage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.4k | $10.20 |
| − Vacancy | −$1.7k | −$1.02 |
| EGI | $15.6k | $9.18 |
| − OpEx | −$4.7k | −$2.75 |
| NOI | $10.9k | $6.43 |
1,703 SF · lease $10.20/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$156.3K
$136.8K – $182.4K
NOI $10,943 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$146.9K
$128.6K – $171.4K
NOI $10,284 @ 7.0% cap · market cap 4.57%
Theoretical Best
Healthcare Medical
$336.6K
$294.5K – $392.7K
NOI $23,561 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Own two updated, move-in ready ranch homes with flexible living and rental options plus dedicated laundry features.
Where is this duplex located?
The property is located at 101 & 103 N 19th Street Olean, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two ranch homes on one property at 101 & 103 N 19th Street, built 1945; Main house at 103 N 19th St: 975 SF with hardwood floors, first‑floor laundry, and half bath; Main house updates include brand new plumbing and updated basement drainage
