Description
Step into a rare investment gem in the heart of Olean, NY! This beautifully maintained two-story multi-family property, built in 1895, offers approximately 4,224 sf of living space across six fully rented units and an efficiency studio apartment rented for $750. 7 units average fetching $5250 per month with monthly expense of approx $950 when fully rented. Most of tenants are Section8. Sitting on a generous 4,480 sq ft lot , this property combines historic charm with modern updates,...Property Overview
Step into a rare investment gem in the heart of Olean, NY! This beautifully maintained two-story multi-family property, built in 1895, offers approximately 4,224 sf of living space across six fully rented units and an efficiency studio apartment rented for $750. 7 units average fetching $5250 per month with monthly expense of approx $950 when fully rented. Most of tenants are Section8. Sitting on a generous 4,480 sq ft lot , this property combines historic charm with modern updates, creating an unbeatable opportunity for savvy investors or hands-on owners seeking steady income and long-term growth. Investment Highlights
Excellent income potential with multi-unit configuration
Property improvements reduce short-term maintenance concerns
Spacious lot and desirable location add long-term value
Ideal for investors seeking consistent cash flow
Summary
109 West Green St is a smart investment in Olean, NY, blending historic charm with income-producing potential. With thoughtful upgrades, a prime location, and multiple rental units, this property is poised to deliver both short-term income and long-term growth. Please Note: For the safety and privacy of the tenants, do not disturb or enter the property without being accompanied by a licensed realtor.
- Listed by Muhammad A Jehangir • Century 21 North EastP: (716)-689-4000 C: (716)-308-7693 3087693@gmail.com
Property Details for 109 West Green Street
Property Details for 109 West Green Street
| Status | Active |
|---|---|
| MLS # | B1651046 |
| Days on Market | 56 |
| Taxes | $4,609 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Other |
| Year Built | 1895 |
| Lot Size | 0.10 AC / 4,480 SF |
| County | Cattaraugus County |
Location
Building Information for 109 West Green Street
Payment Calculator
$2,284 per month
30 year fixed, 6.15% Interest
$1,900
$384
$0
Property Information for 109 West Green Street
- Elementary School District: Olean
- High School District: Olean
- Middle Or Junior School District: Olean
- Village: Not Applicable
- Human YN: Yes
- Garage Spaces per Apt: .00
- Garage YN: No
- Area NYSWIS Code: Olean-City-041200
- Tax Annual Amount: $4,609.00
- Building Area Total: 4224.0
- Land Features: Near Public Transit, Rectangular, Rectangular Lot
- Num Of Acres: 0.1028
- Lot Size Area: 0.1028
- Lot Size Square Feet: 4480.0
- Lot Size Units: Acres
- Parcel Number: 041200-094-073-0005-029-000-0000
- Lot Number: 29
- Property Condition: Resale
- Senior Community YN: No
- Assessed Value: $89,000
- Year Built: 1895
- Year Built Description: Existing
- Property Sub Type Additional: Other
- Num Of Electric Meters: 1
- Num Of Gas Meters: 1
- Utilities Available: Sewer Available, Water Available
- Water Supply: Not Connected, Public
- Construction Materials: Other, Wood Siding
- Exterior Features: Concrete Driveway
- Roof Description: Asphalt
- Appliances: Electric Cooktop, Electric Water Heater, Gas Cooktop, Gas Water Heater, Refrigerator
- Basement Description: Partially Finished
- Basement YN: Yes
- Num Of Possible Bedrooms: 6
- Num Fireplaces Total Calculated: 0
- Fireplace YN: No
- Floor Description: Laminate, Varies, Vinyl
- Heating: Electric, Gas, Baseboard
- Heating YN: Yes
- Levels: Two
- Sq Ft Total: 4224.0
- Main Level Bathrooms: 0
- Gross Annual Income: $63,000.00
- Net Operating Income: $40,391.00
- Number Of Units Total: 6
- Operating Expenses: $18,000.00
- Operating Expense Includes: Electric, Fuel, Insurance, Maintenance, Professional Management, Utilities, Water Sewer
- Stories: 2
- Stories Total: 2
- Rent Includes: All Utilities
Property History for 109 West Green Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 25, 2025 | Price Change WNYREIS #B1651046 | $389,900 | — |
| Nov 22, 2025 | Listed (Active) WNYREIS #B1651046 | $349,900 | — |
| Jun 17, 2021 | Sold WNYREIS #R1279759 | $85,000 | — |
| Jan 8, 2021 | Pending WNYREIS #R1279759 | — | |
| Jul 17, 2020 | Listed (Active) WNYREIS #R1279759 | $99,900 | — |
| Sep 19, 2015 | Sold WNYREIS #B457747 | $80,000 | — |
| Sep 4, 2015 | Sold (Public Record) Public Record #558365672 | $80,000 | — |
| Jun 29, 2015 | Pending WNYREIS #B457747 | — | |
| Jul 29, 2014 | Listed (Active) WNYREIS #B457747 | $89,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/25/2025 | Price Change WNYREIS #B1651046 | $389,900 |
| 11/22/2025 | Listed (Active) WNYREIS #B1651046 | $349,900 |
| 06/17/2021 | Sold WNYREIS #R1279759 | $85,000 |
| 01/08/2021 | Pending WNYREIS #R1279759 | — |
| 07/17/2020 | Listed (Active) WNYREIS #R1279759 | $99,900 |
| 09/19/2015 | Sold WNYREIS #B457747 | $80,000 |
| 09/04/2015 | Sold (Public Record) Public Record #558365672 | $80,000 |
| 06/29/2015 | Pending WNYREIS #B457747 | — |
| 07/29/2014 | Listed (Active) WNYREIS #B457747 | $89,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 109 West Green Street
Schools near 109 West Green Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 2 to 10 | |||
| Public - | 8 to 12 | |||
| Public - | PK to 3 | |||
| Public - | PK to 3 |
Rating | School | Distance |
|---|---|---|
Olean Middle School Public2 to 10 | ||
Olean Senior High School Public8 to 12 | ||
Washington West Elementary School PublicPK to 3 | ||
East View Elementary School PublicPK to 3 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Century 21 North East
Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
