Duplex with Detached
For Sale
Under Contract
$139,999
201 N 13th Street, Olean, NY 14760
Residential, Olean, NY
Property Size2,064 SF
Lot Size0.08 Acres
Price / SF$67.83
Days on Market50
Property Features for 201 N 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Basement, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 3
Parking features
Garage
Patio and Porch features
Porch, Patio, Deck
Interior features
CentralVacuum
Exterior features
Deck, EnclosedPorch, Porch, Patio
Appliances
GasWaterHeater
Lot features
Corner Lot, Rectangular, Rectangular Lot, Residential Lot
Elementary school
Washington West Elementary
High school
Olean Senior High
Elementary school district
Olean
Middle school district
Olean
High school district
Olean
Directions
Corner of N 13th and Washington Street
Subdivision
Olean-City-041200
Standard status
Active Under Contract
APN
041200-094-064-0001-045-000-0000
Size
2,064 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
2640
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning
central vacuum system
enclosed front porch
rear deck
laundry in basement
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Varies, Laminate, Hardwood, Carpet, Tile
Building materials
ShakeSiding
Roof type
Membrane, Rubber, Asphalt
Listing Agency:
Howard Hanna Professionals - Olean
(716) 372-1155
Listed By:
Jade Swick · License #10401405266
(716) 307-6148
Added: Aug 28
Changed: Sep 16
Last Checked: Oct 16 at 11:06PM
MLS# R1710280
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.
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Investment Insights
Based on property information with market context.
Built in 1890, this 2,064-square-foot duplex sits on a 0.0824-acre corner lot at 201 N 13th Street in Olean. The primary residence offers three bedrooms, two full bathrooms, an office, an enclosed front porch, and a rear deck. Its remodeled kitchen includes an electric convection oven, gas cooktop, microwave, refrigerator, dishwasher, and pantry. Central air, forced-air natural gas heat, central vacuum, and hardwood flooring beneath existing carpet add to the property’s features.
The upper apartment has one bedroom, a spacious living or family room, a full bathroom, and a kitchen with an apartment-sized gas range and refrigerator. A detached one-car garage, basement laundry, public water service, one electric meter, and one water meter are also included. The hot water tank was replaced in 2025, and electrical updates were completed in 2021. The property would benefit from updating and includes a disconnected former ventless heater in the apartment.
The upper apartment has one bedroom, a spacious living or family room, a full bathroom, and a kitchen with an apartment-sized gas range and refrigerator. A detached one-car garage, basement laundry, public water service, one electric meter, and one water meter are also included. The hot water tank was replaced in 2025, and electrical updates were completed in 2021. The property would benefit from updating and includes a disconnected former ventless heater in the apartment.
Key Highlights
- 2,064‑square‑foot duplex on a 0.0824‑acre corner lot
- Primary residence includes 3 bedrooms, 2 full bathrooms, and an office
- Upper apartment features 1 bedroom, living or 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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Main residence includes a remodeled kitchen, while the upper apartment adds separate living space and household amenities.
Where is this duplex located?
The property is located at 201 N 13th Street 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: 2,064‑square‑foot duplex on a 0.0824‑acre corner lot; Primary residence includes 3 bedrooms, 2 full bathrooms, and an office; Upper apartment features 1 bedroom, living or family room, full bathroom, and kitchen
