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.
Multi-familyProperty Type
1892Year Built
4,480 sq ftLot Size
$35Price/Sq.Ft.
1 spaceParking
Listing by Christine Calbi• EXP-Premier Listings Team
•888-276-0630 (broker)
•easydeals716@gmail.com (broker)
Listing by Claudia Attard-Keary• EXP-Premier Listings Team
The intent of the R3 General Residential Use District is to delineate those areas where predominantly detached single-family, moderate density residential development and some two-family residential development has occurred or is likely to occur, to allow in special instances in accordance with site plan review, multiple-family dwellings and dwelling groups and to protect the integrity of these residential areas by controlling the type and intensity of uses so that the overall character and density of the neighborhood is preserved. The R3 District recognizes the value of such other permissible uses as churches, schools, libraries and other educational buildings, playgrounds, and general hospitals under the conditions set forth in this law.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Public service
Educational/school
Library
Recreation
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
8 days above 90° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Olean, NY • 14760
Average low and high temperatures (°F)
26
15
32
17
50
30
60
39
64
45
77
56
83
61
77
56
74
51
61
39
47
32
34
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
75/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1313 Reed St
$51,719
$7,281 under list price of $59K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $38K to $143K.