Active

$59,000

1313 Reed St, Olean, NY 14760

4beds

1,666sqft

Duplex, Multi Family

Built in 1892

-- sqft lot

$-- Zestimate^®

$35/sqft

$-- HOA

What's special

Opportunity awaits in the heart of Olean! This two-unit property is a solid option for those looking to add to their portfolio or start building rental income. Featuring separate gas, electric, and water utilities, the setup allows for added convenience and flexibility. This property offers a closed in backyard with parking options. The property is priced to reflect the work needed, offering the chance to improve and maximize its potential. With the right updates, this could become a strong income-producing asset. Conveniently located near local amenities, shopping, and dining, this property combines location, value, and opportunity—an ideal project for those ready to make it their own.

140 days
169
10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Gas, Forced Air

Appliances

Included: Gas Water Heater

Features

Flooring: Hardwood, Laminate, Varies
Basement: Full
Has fireplace: No

Interior area

Total structure area: 1,666
Total interior livable area: 1,666 sqft

Property

Parking

Parking features: One Space

Features

Levels: Two
Stories: 2

Lot

Size: 4,477 Square Feet
Dimensions: 40 x 112
Features: Rectangular, Rectangular Lot, Residential Lot

Details

Parcel number: 04120009405600010160000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex, Multi Family

Materials

Other, See Remarks, Pre-Cast Concrete

Condition

Resale
Year built: 1892

Utilities & green energy

Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Location

Region: Olean

Financial & listing details

Price per square foot: $35/sqft
Tax assessed value: $43,500
Annual tax amount: $2,441
Date on market: 4/20/2026
Listing terms: Cash

Estimated market value

Not available

Estimated sales range

Not available

$1,447/mo

Price history

Date	Event	Price
4/20/2026	Listed for sale	$59,000+156.5%$35/sqft
Source: NYSAMLSs #R1673225 Report a problem
5/28/1999	Sold	$23,000+84%$14/sqft
Source: Public Record Report a problem
12/23/1997	Sold	$12,500$8/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$43,500
2024	--	$43,500
2023	--	$43,500
2022	--	$43,500
2021	--	$43,500
2020	--	$43,500
2019	--	$43,500
2018	--	$43,500
2017	$1,448	$43,500
2016	--	$43,500
2015	--	$43,500
2014	--	$43,500
2013	--	$43,500
2012	--	$43,500
2011	--	$43,500
2010	--	$43,500
2009	--	$43,500 +1640%
2008	--	$2,500
2007	--	$2,500
2006	--	$2,500
2005	--	$2,500
2004	--	$2,500
2002	--	$2,500
2001	--	$2,500