118 S 8th St

Olean, NY 14760

$103,500
Last Sold Price
2
Beds
1,614 Sq. Ft.
$64 / Sq. Ft.
1,614
Sq. Ft.
$64
per Sq. Ft.
Closed 11/21/25
Closed 11/21/25

Description

Looking for a smart addition to your investment portfolio or the perfect owner-occupied opportunity? This freshly updated upper/lower duplex checks all the boxes! Each unit features 1 spacious bedroom, making it ideal for easy-to-manage rental income or comfortable living with added income potential. From the moment you pull into the blacktop driveway, you'll appreciate the low-maintenance vinyl siding and curb appeal. A rare bonus, the three-car garage offers extra storage or rental potential for...Looking for a smart addition to your investment portfolio or the perfect owner-occupied opportunity? This freshly updated upper/lower duplex checks all the boxes! Each unit features 1 spacious bedroom, making it ideal for easy-to-manage rental income or comfortable living with added income potential. From the moment you pull into the blacktop driveway, you'll appreciate the low-maintenance vinyl siding and curb appeal. A rare bonus, the three-car garage offers extra storage or rental potential for added cash flow. Inside, both units have been refreshed with modern flooring and a full coat of fresh paint, so they're clean, bright, and move-in ready. With separate entrances and a functional layout in each unit, this property offers flexibility and immediate rental potential. Whether you're a seasoned investor or just starting out, this property is a ready-to-go income producer. Don't miss your chance to own this solid, low-hassle duplex in a desirable location!

Property Details for 118 South 8th Street

Styles Of Residence
Duplex
On Waterfront
No
Parking Description
Paved, Two Or More Spaces
Nearest Cross Street
W State St
LISTING UPDATED: 11/26/2025 12:39 PM

Property Details for 118 South 8th Street

StatusClosed
MLS #R1617968
Days on Market57
Taxes$3,516 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex
Year Built1900
Lot Size0.12 AC / 5,120 SF
CountyCattaraugus County

Location

Listing Courtesy of Howard Hanna Professionals - Olean

Sold By RE/MAX On Point

Add your commute

Building Information for 118 South 8th Street

Stories2Residences2Year Built1900Building Size-Lot Size0.12 AC / 5,120 SF

Payment Calculator

$797 per month

30 year fixed, 6.15% Interest

Principal and Interest

$504

Property Taxes

$293

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 118 South 8th Street

Summary
Location and General Information
  • Elementary School Name: Washington West Elementary
  • Elementary School District: Olean
  • High School Name: Olean Senior High
  • High School District: Olean
  • Middle School Name: Olean Middle
  • Middle Or Junior School District: Olean
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: 3.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Olean-City-041200
  • Tax Annual Amount: $3,516.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 1614.0
  • Land Features: Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.1175
  • Lot Size Area: 0.1175
  • Lot Size Square Feet: 5120.0
  • Lot Size Units: Acres
  • Parcel Number: 041200-094-064-0012-040-000-0000
  • Road Frontage: City Street
  • Lot Number: 40
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $64,000
  • Year Built: 1900
  • Year Built Description: Existing
  • Property Sub Type Additional: Duplex
Utilities
  • Electric Service: Circuit Breakers, Fuses
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Connected
  • Utilities Available: Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Copper Plumbing
  • Foundation Description: Block
  • Structure Type: Duplex
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 2
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Luxury Vinyl
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Interior Features: Ceiling Fans
  • Levels: Two
  • Sq Ft Total: 1614.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Dryer,Oven/ Range,Refrigerator,Washer,Eat-In Kitchen,Laundry-In Unit,Living Room
  • Unit Type Total Rent: $.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Laundry-In Unit
  • Unit Type Total Rent: $.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 0
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 118 South 8th Street

DateEvent & SourcePriceAppreciation
Nov 21, 2025

Sold

WNYREIS #R1617968

$103,500—
Aug 21, 2025

Pending

WNYREIS #R1617968

—
Jun 25, 2025

Listed (Active)

WNYREIS #R1617968

$109,900—
DateEvent & SourcePrice
11/21/2025

Sold

WNYREIS #R1617968

$103,500
08/21/2025

Pending

WNYREIS #R1617968

—
06/25/2025

Listed (Active)

WNYREIS #R1617968

$109,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 118 South 8th Street

Taxable ValueLand$5,000Additions$59,000Total$64,000
Tax Record2024$2,416 ($201 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,614 SqFtAbove Grade Finished SqFt1,614 SqFtStories2Lot Size5,120 SqFtStyleSingle Family ResidenceYear Built1900CountyCATTARAUGUSAPN041200 94.064-12-40

Schools near 118 South 8th Street

This home is within Olean City School District.
Rating
School
Type
Grades
Distance
Olean Middle School
Public - 2 to 10
Olean Senior High School
Public - 8 to 12
East View Elementary School
Public - PK to 3
Washington West Elementary School
Public - PK to 3
Rating
School
Distance
Olean Middle School
Public2 to 10

Olean Senior High School
Public8 to 12

East View Elementary School
PublicPK to 3

Washington West 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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Listing Courtesy of Howard Hanna Professionals - Olean

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.