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Olean 14760
113 S 7th Street
$57,900
● House - In Contract

113 S 7th Street

Olean, NY 14760
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,955 Ft²
$524
Est. Monthly

About This Property

Opportunity awaits in this 3-bedroom home located in Olean! Featuring convenient first-floor laundry and a functional layout, this property offers plenty of potential for homeowners, investors, or those looking to add their personal touch. A unique bonus is the second house located at the rear of the property, providing possibilities for rental income, guest accommodations, storage, or future improvements. With some updates and vision, this property could truly shine. Don't miss your chance to explore the possibilities this versatile property has to offer!
Unit Size
1,955 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$30
Property Type
House
Property Taxes
$239
HOA Dues
-
Year Built
1884

Listed By

Darrick Babb
[email protected]
Howard Hanna Professionals - Olean

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (NYSAMLS #R1694016)

Price History

Date / Event Date Event Price
Aug 4, 2026 In contract -
In contract
Jun 25, 2026 Listed by Howard Hanna Professionals - Olean $57,900
Listed by Howard Hanna Professionals - Olean

Property Highlights

Parking Details
Parking Features: No Garage
Interior Details
Full Bathrooms: 1
Interior Features: SeparateFormalDiningRoom, MainLevelPrimary
Appliances: Free-Standing Range, Oven, Refrigerator, Water Heater, SeeRemarks
Flooring Type: Laminate, Varies
Laundry Features: Main Level
Rooms: 8
Basement: Dirt Floor
Exterior Details
Square Footage: 1955
Property Condition: Resale
Architectural Style: TwoStory
Year Built: 1884
Building Area Total: 1955
Levels: Two
Other Structures: Guest House
Construction Materials: Other, See Remarks
Lot Features: Rectangular Lot, Rectangular
Lot Size Area: 0.1469
Lot Size Units: Acres
Lot Size Acres: 0.1469
Lot Size Square Feet: 6400
Lot Size Dimensions: 50X128
Tax Lot: 68
Water Source: Public, Connected
Financial Details
Tax Assessed Value: $50,000
Tax Annual Amount: $2,872
Utilities Details
Heating Type: Natural Gas, Forced Air
Sewer : Connected

Building Info

Overview

    General

  • Year Built: 1884
  • Effective Year Built: 1884
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,400
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,241
  • Gross Building Area: 1,241
  • Building Area: 1,241
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,241
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • Standard Land Use Code: 1110
  • County Land Use Code: 280

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961700

Zoning

  • Zoning: R3

Geography

  • Account Number: 048275
  • District: 041200
  • Section: 94.64
  • Parcel: 041200 94.064-13-68
  • Block: 13
  • Lot: 68.000
  • Municipality: OLEAN
  • Latitude: 42.0767
  • Longitude: -78.4384

    Address

  • Full Address: 113 S 7th St
  • Address - House Number: 113
  • Street Direction: S
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C006
  • 4-Digit Zip Code: 3451
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $118,673
  • Tax Rate Code Area: 041200

    Appraisal Valuation

  • Standard Deviation: 0.1449
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 107,563
  • High Value: 123,156
  • Low Value: 91,969

    Market Valuation

  • Market Total Value: $64,103
  • Market Land Value: $5,385
  • Market Improvement Value: $58,718

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,000
  • Assessed Land Value: $4,200
  • Assessed Improvements Value: $45,800

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Olean

Stats & Trends

Median Asking:

$139,900

Sale Price/ft²

$86

Below Asking

0.05%

Average Days on Market

83

Average Home Size

1727 ft²

Average Home Age

113.5 years

Currently For Sale

64 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 315 Laurens Street, Olean, NY, 14760

$2,250 /mo

  • 2 Beds
  • 1 Bath
  • 4,621 ft²
315 Laurens Street, Olean, NY, 14760 Listing by Myoungjin Joo

Rentals Near You

Click here to view more rentals in the neighborhood.
NYSAMLS

Last Updated: 2 months ago
Data Source: NYSAMLSs, MLS# R1694016

Frequently Asked Questions

When was property at 113 South 7th Street built and last sold?
The property at 113 South 7th Street was built in 1884 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 113 South 7th Street is $65,055.
What are some comparable homes to 113 South 7th Street?
There are currently no comparable homes to 113 South 7th Street.
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