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    605 N 1St St Olean, NY 14760

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    For Sale
    $39,995

    Spacious two-family property with renovation potential for investors.

    Lot size:
    0.29 Acres

    Property Features for 605 N 1St St

    General Information

    Lot size
    0.29 Acres

    Building Details

    Year built
    1875

    Source: Southern Tier Realty Co. Inc. Agent Thomas P Butler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Family Dwelling with Renovation Potential

    This two-family dwelling presents an opportunity for renovators and investors. The property is described as spacious and brimming with potential, suitable for transformation. It is centrally located and offers parking. The property is suitable for living in one unit and renting the other, or for flipping.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4316144
    Latitude
    42.0868165

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    FAQs

    What type of property is this?
    Duplex - Spacious two-family property with renovation potential for investors.
    Where is this duplex located?
    The property is located at 605 N 1St St Olean, NY.
    What is the asking price?
    The asking price for this property is $39,995.
    What are key features of this property?
    This property features: - Two-family dwelling: Ideal for owner-occupancy with rental income or investment property.; - High potential: Suited for renovation, flipping, or customization.; - Spacious: Offers ample living area in both units.
    (716) 378-7141
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    605 N 1St 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
    605 N 1St St Olean, NY 14760
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