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Olean 14760
122 N 18th Street
$35,000
● House - In Contract

122 N 18th Street

Olean, NY 14760
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,240 Ft²
$459
Est. Monthly

About This Property

Opportunity awaits on N 18th Street in Olean! This 3-bedroom, 1.5-bath home offers plenty of potential for someone ready to bring their ideas and updates to life. The property features a functional floor plan, a detached one-car garage for parking or additional storage, and convenient access to local shopping, dining, and other area amenities. While the home is ready for some improvements, it provides a great opportunity to add your own finishing touches and build equity along the way. Bring your vision and see the possibilities this property has to offer!
Unit Size
1,240 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$28
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1920

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: 9 days ago (NYSAMLS #R1707265)

Price History

Date / Event Date Event Price
Sep 23, 2026 In contract -
In contract
Sep 17, 2026 Price Decreased $35,000
↓ $15K (29.9%)
Price Decreased
Aug 14, 2026 Listed by Howard Hanna Professionals - Olean $49,900
Listed by Howard Hanna Professionals - Olean
Aug 26, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Details
Has Garage
Parking Features: Detached, Garage
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Interior Features: SeparateFormalDiningRoom, SeparateFormalLivingRoom
Appliances: Electric Water Heater, SeeRemarks
Flooring Type: Other, See Remarks
Rooms: 7
Basement: Full
Exterior Details
Square Footage: 1240
Property Condition: Resale
Architectural Style: HistoricAntique
Year Built: 1920
Building Area Total: 1240
Levels: Two
Construction Materials: Frame
Lot Features: Rectangular Lot, Rectangular
Lot Size Area: 0.0964
Lot Size Units: Acres
Lot Size Acres: 0.0964
Lot Size Square Feet: 4200
Lot Size Dimensions: 40X105
Tax Lot: 61
Water Source: Public, Connected
Financial Details
Tax Assessed Value: $60,000
Tax Annual Amount: $3,445
Utilities Details
Heating Type: Natural Gas, Forced Air
Sewer : Connected

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,200
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,240
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961600

Zoning

  • Zoning: R3

Geography

  • Account Number: 010140
  • District: 041200
  • Section: 94.63
  • Parcel: 041200 94.063-4-61
  • Block: 4
  • Lot: 61.000
  • Municipality: OLEAN
  • Latitude: 42.0788
  • Longitude: -78.4513

    Address

  • Full Address: 122 N 18th St
  • Address - House Number: 122
  • Street Direction: N
  • Address - Street Name: 18th
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C012
  • 4-Digit Zip Code: 1929
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $445,044
  • Tax Rate Code Area: 041200

    Appraisal Valuation

  • Standard Deviation: 0.1505
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 81
  • Final Value: 80,614
  • High Value: 92,748
  • Low Value: 68,480

    Market Valuation

  • Market Total Value: $76,923
  • Market Land Value: $5,769
  • Market Improvement Value: $71,154

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,000
  • Assessed Land Value: $4,500
  • Assessed Improvements Value: $55,500

    Sales

  • Current Sale Contract Date: Aug 27, 1997
  • Current Sale Recording Date: Aug 28, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 26, 1997
  • Previous Sale Contract Date: Aug 25, 1997
  • Previous Sale Amount: $46,600
  • Previous Sale Document Type: 27
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

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NYSAMLS

Last Updated: 9 days ago
Data Source: NYSAMLSs, MLS# R1707265

Frequently Asked Questions

When was property at 122 North 18th Street built and last sold?
The property at 122 North 18th Street was built in 1920 and last sold on Aug 27, 1997 for $46,600.
How much is this home worth?
The estimated value of the home located at 122 North 18th Street is $39,608.
What are some comparable homes to 122 North 18th Street?
There are currently no comparable homes to 122 North 18th Street.
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