422 York Street
About This Property
Nestled at the foot of a lush, forest-covered mountain on one of Olean's most picturesque streets, this stunning historical home offers the perfect blend of classic charm and modern comfort. Set in the highly sought-after Seneca Heights neighborhood, this spacious 2,934 sq. ft. residence features 4 bedrooms and 3 bathrooms and has been lovingly maintained and thoughtfully restored with over $75,000 in recent upgrades. Step inside to find everything you'd hope for in a classical country home - gleaming hardwood floors, two wood-burning fireplaces, original doors and hardware, beautiful built-ins, and elegant antique French doors leading to the formal dining room. The sun-drenched sunroom showcases brand-new Italian travertine flooring, while the kitchen delights with its retained 1950s vintage character, accented by new marmoleum checkerboard flooring and fresh countertops - plus all-new appliances, including washer/dryer, dishwasher, and gas stove. The main floor bathroom was fully renovated in 2025 and features a new soaking tub, an antique vanity with a marble top, and Currey & Company sconces. Additional updates include fresh paint throughout, updated plumbing, new carpet in the stairwell and the upper guest bedroom, recently updated windows with custom plantation shutters, a new backyard fence with a dog door, updated wiring, a newer hot water tank and furnace, and a roof that is just 9 years old. The two-car garage includes an electric door opener.
Room Highlights:
Entry Hall with walk-in closet · Formal Living Room with wood-burning fireplace · Formal Dining Room with antique French doors · Sunroom with Italian travertine flooring · Den with wood-burning fireplace · Main floor primary bedroom with 2 closets · Second main floor bedroom · Fully renovated main floor bathroom · Two upstair bedrooms, each with closets · Large walk-in closet on upper landing · Full walk-in attic with ample storage · Renovated second floor bathroom · Additional basement storage
Outside, mature trees, lush perennials, and green grass surround the property, creating a serene and private retreat.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2026 | Price Decreased |
$324,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Mar 31, 2026 | Listed by Howard Hanna Professionals - Olean | $329,900 | |
| Listed by Howard Hanna Professionals - Olean | |||
| Aug 1, 2023 | Sold | ||
| Sold | |||
| May 31, 2023 | In contract | - | |
| In contract | |||
| May 11, 2023 | Price Decreased |
$249,000
↓ $10K
(3.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017