Two-Unit Duplex with
For Sale
$139,999
Pending
201 N 13th St, Olean, NY 14760
Corner-lot duplex with flexible living arrangements, updated systems, and included kitchen appliances.
Property Size2,064 SF
Days on Market48
Property Features for 201 N 13th St
General Information
Standard status
Pending
Size
2,064 SF
Total Parking Spaces
1
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
would benefit from some updating
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,640
Amenities
central air conditioning
central vacuum system
enclosed front porch
rear deck
Building Details
Building Size
2,064 SF
Year Built
1890
Buildings
1
Stories
2
Units
2
Listing Agency:
Howard Hanna Holt Real Estate
Listed By:
Jade Swick · License #10401405266
(716) 307-6148
Source:
Elliman
Added: Aug 30
Changed: Oct 16
Last Checked: Oct 16 at 9:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Holt Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 201 N 13th St in Olean, this two-unit property contains approximately 2,064 square feet and was built in 1890. The primary residence offers three bedrooms, two full bathrooms, an office, a remodeled kitchen with pantry, an enclosed front porch, and a rear deck. Kitchen appliances convey, and the basement includes a washer and electric dryer. Central air conditioning, central vacuum, and hardwood flooring beneath existing carpet add to the home's features.
The upper apartment includes one bedroom, a living/family room, a full bathroom, and a kitchen with an apartment-sized gas range and refrigerator. The unit has prior rental history, while the property is served by one electric meter and one water meter. A detached one-car garage, 2025 hot water tank replacement, and 2021 electrical updates are also included. The home would benefit from additional updating and offers a walkable, bikeable setting with a 72 Walk Score and 59 Bike Score.
The upper apartment includes one bedroom, a living/family room, a full bathroom, and a kitchen with an apartment-sized gas range and refrigerator. The unit has prior rental history, while the property is served by one electric meter and one water meter. A detached one-car garage, 2025 hot water tank replacement, and 2021 electrical updates are also included. The home would benefit from additional updating and offers a walkable, bikeable setting with a 72 Walk Score and 59 Bike Score.
Key Highlights
- Two‑unit property with approximately 2,064 square feet
- Main residence includes 3 bedrooms, 2 full bathrooms, office, and remodeled kitchen
- Upper apartment offers 1 bedroom, living/family room, full bathroom, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,464
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,280
$249.3K
Cap Rate 7%
$178,057
$178.1K
Cap Rate 9%
$138,489
$138.5K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$24.8K $12.00/SF
− Vacancy
−$2.1K −$1.02/SF
EGI
$22.7K $10.98/SF
− OpEx
−$10.2K −$4.94/SF
NOI
$12.5K $6.04/SF
Area
Cattaraugus County, NY
Vacancy
8.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,280
Cap Rate 7%
$178,057
Cap Rate 9%
$138,489
Alternative Uses
Best Use
Multifamily LT 5
$189.5K
$165.8K – $221.1K
NOI $13,263 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$178.1K
$155.8K – $207.7K
NOI $12,464 @ 7.0% cap · market cap 8.90%
Theoretical Best
Healthcare Medical
$407.9K
$356.9K – $475.9K
NOI $28,555 @ 7.0% cap · market cap 20.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 14760, NY
18,031
Population
8,917
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
277
Density / Sq Mi
$52,569
Median Household Income
$35,754
Median Earnings
$777
Median Rent
$99,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with flexible living arrangements, updated systems, and included kitchen appliances.
Where is this duplex located?
The property is located at 201 N 13th St Olean, NY.
What is the asking price?
The asking price for this property is $139,999.
What are key features of this property?
This property features: Two‑unit property with approximately 2,064 square feet; Main residence includes 3 bedrooms, 2 full bathrooms, office, and remodeled kitchen; Upper apartment offers 1 bedroom, living/family room, full bathroom, and kitchen
