815 Washington Street, Olean, NY

About 815 Washington Street

A DUPLEX THAT HAS BEEN LOOKED AFTER There is a difference between a rental property that has been owned and one that has been cared for. This one reads immediately as the second kind. THE UNITS Both apartments offer two bedrooms and a full bath, and each carries a bonus — an extra room beyond the standard layout that works as a dining room, a home office, or simply additional living space. That flexibility is quietly valuable in a rental: it widens the pool of people the unit suits and it supports a stronger rent. The downstairs unit adds private outdoor space of its own, with a back deck and a small front porch. THE GARAGE A spacious two-car garage sits on the property. In a market where covered parking is scarce, this is not a footnote — it is a feature tenants stay for, and it gives the property something most comparable rentals simply cannot offer. THE OPERATING PICTURE Both units are occupied under long-term tenancies, so the property produces from closing rather than after a lease-up. Tenants currently handle lawn maintenance and snow removal, which keeps the owner's seasonal workload and outside vendor costs down. Laundry for both apartments is located in the basement. DISCLOSED PLAINLY: electrical service throughout the building is a mix of fuses and circuit breakers. It is noted here so buyers can price it accurately and address it with their lender and insurer up front. AVAILABLE AS A PACKAGE This duplex may be purchased together with a nearby three-unit property held by the same owner — a combined five units in a single transaction, with one seller and one closing timeline. Each property is a one- to four-unit residential building and can also be purchased individually. Buyers should confirm financing structure with their own lender. For an investor building a footprint in Olean, acquiring two well-maintained, fully occupied buildings at once is a considerably faster path than assembling them one at a time.

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