This home's estimate is 3.4% higher than the average sale price ($127K) of 6 comparable homes.
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1097 Promised Land Rd, Olean, NY 14760
About this home
INCOME OPPORTUNITY AT GREAT PRICE! See this multifamily 2 unit located in a desirable area in the Portville School District. Separate utilities paid by tenants, separate entrances each with covered porches, long driveway for plenty of parking. Nice country-like setting. Furnaces for both units less than 2 yrs old, hot water tanks less than 7, appliances stay including separate washers and dryers for tenants. This one is a money maker, it won't last long!

Redfin Estimate
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Market trends in 14760, NY
Last updated July 2026
Buyer's Market
Seller's Market
Balanced market
0 MoM
- NEW 22 HRS AGO$179,9004 beds1.5 baths2,098 sq ft119 N 4th St, Olean, NY 14760Listing by Howard Hanna Professionals - Olean, (716) 372-1155
- NEW 27 HRS AGO$99,0003 beds2 baths1,320 sq ft118 S 18th St, Olean, NY 14760Listing by ERA Team VP Real Estate, (716) 372-2234
- OPEN SEP 3, 4PM TO 5:30PM$189,9003 beds1.5 baths1,408 sq ft113 S 18th St, Olean, NY 14760Listing by Howard Hanna Professionals - Olean, (716) 372-1155
- $189,0008 beds3.5 baths3,092 sq ft225 N 4th St, Olean, NY 14760Listing by Howard Hanna Professionals - Olean, (716) 372-1155
- $265,0003 beds2 baths2,488 sq ft1703 Haskell Pkwy, Olean, NY 14760Listing by EXP-Premier Listings Team, (888) 276-0630
- $99,9004 beds2 baths1,505 sq ft312 N 11th St, Olean, NY 14760Listing by Howard Hanna Professionals - Olean, (716) 372-1155
- $199,0002 beds2 baths1,104 sq ft1827 Willard St, Olean, NY 14760Listing by 3D Real Estate LLC, (716) 307-2300
- $60,0002 beds1 bath1,460 sq ft609 Irving St, Olean, NY 14760Listing by EXP-Premier Listings Team, (888) 276-0630
- 3D WALKTHROUGH$69,0002 beds1.5 baths1,236 sq ft309 N 12th St, Olean, NY 14760Listing by WNY Metro Roberts Realty, (716) 668-2500
See all
Provided by Redfin
Sale history for 1097 Promised Land Rd
$35/sq ft
$40/sq ft
$45/sq ft
$51/sq ft
Tax history for 1097 Promised Land Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking
- Features: Gravel, Two Or More Spaces
Interior
- Room Information
- Has Basement
- Basement Information: Full, Walk-Out Access
- Laundry Information
- Features: Washer Hookup
- Equipment
- Appliances: Gas Water Heater
- Interior Features
- Window Features: Drapes
- Flooring: Carpet, Hardwood, Varies, Vinyl
- Other Features: Ceiling Fan(s), Natural Woodwork, Window Treatments
- Multi Unit Information
- # Of Units Total: 2
- # Of Units In Community: 2
- # Of Separate Gas Meters: 2
- # Of Separate Electric Meters: 2
- Multi Unit Financial Information
- Gross Income: $16,200
- Operating Expense Includes: Insurance, See Remarks
- Operating Expense: $2,800
- Unit Type 1
- Unit Description: Dryer,Oven/ Range,Refrigerator,Washer,Eat-In Kitchen,Living Room,Porch
- # of Bedrooms: 2
- # of Bathrooms Total: 1
- # of Full Bathrooms: 1
- Total Rent: $650
- Actual Rent: $650
- Actual Rent Range: 650
- Unit is Month-to-Month
- Unit Type 2
- Unit Description: Dryer,Oven/ Range,Refrigerator,Washer,Eat-In Kitchen,Living Room,Porch
- # of Bedrooms: 2
- # of Bathrooms Total: 1
- # of Full Bathrooms: 1
- Total Rent: $700
- Actual Rent: $700
- Actual Rent Range: 700
Exterior
- Building Information
- Stories: 2
- Stories (Total): 2
- Year Built Details: Existing
- Roof Details: Asphalt
- Construction Details: Aluminum Siding, Frame, Steel Siding, PEX Plumbing
- Lot Information
- Lot Size Area: 1.1
- Lot Size Acres: 1.1
- Lot Size Dimensions: 343X322
- Lot Features: Irregular Lot, Rural Lot
- Zoning Description: Residential 2 Unit
- Property Information
- Foundation Details: Stone
- Resale
Financial
- Assessments and Fees
- Assessed Value: $68,500
- Other Annual Assessment Amount: $136
- Tax Information
- Annual Tax Amount: $2,808
- Rental Information
- Tenant Pays: All Utilities
Utilities
- Utility Information
- Sewer: Septic Tank
- Water Source: Well
- Heating & Cooling
- Has Heating
- Heating: Gas, Forced Air
Public facts
- Beds: 4
- Baths: 2.0
- Sq. Ft.: 2,232
- Stories: 2.0
- Lot Size: 1.1 acres
- Style: Multi-Family (2-4 Unit)
- Year Built: 1900
- Year Renovated: —
- County: Cattaraugus County
- APN: 047489A10400100020130000000
Around this home
Schools
Public PreK-6 • Assigned • 2.6mi
Public 7-12 • Assigned • 2.6mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 90° expected this year, 17 days in 30 years
Minimal risk of severe winds over next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 9.1 hours in June and 2.3 hours in December, placing it below the U.S. average for solar exposure.
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Nearby similar homes
New listings for sale in 14760
Home values near 1097 Promised Land Rd
| Address | Redfin Estimate |
|---|---|
3 Beds | 1.5 Baths | 1248 Sq. Ft. | $205,615 |
2 Beds | 1 Baths | 980 Sq. Ft. | $66,139 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1.5 Baths | 1324 Sq. Ft. | $169,501 |
4 Beds | 1 Baths | 1584 Sq. Ft. | $168,931 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1064 Sq. Ft. | $160,874 |
4 Beds | 1 Baths | 1068 Sq. Ft. | $152,209 |
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