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INVESTORS, TAKE NOTICE! Here's your opportunity to own a 4-unit income-producing property with immediate rental income and excellent potential for increased cash flow! Three of the four apartments are currently occupied by responsible tenants, including one 2-bedroom and two 1-bedroom units. Since purchasing the property in 2018, the owner has made interior updates to each of these apartments, making this an attractive addition to your investment portfolio! The fourth unit, a spacious 2-bedroom apartment, has been completely gutted to the studs and is ready for its transformation! Even better, the majority of the materials needed to complete the renovation are already included, such as flooring, cabinets, bathroom and kitchen fixtures and appliances, lighting, and more! The seller had plans to finish the project but has since relocated, leaving the next owner an excellent opportunity to build equity and add another income stream without starting from scratch. With room for rental increases and the potential to generate income from all four units, there's plenty of upside for a savvy investor! The property also offers a large backyard with space for tenant parking and outdoor enjoyment. Whether you're looking to expand your rental portfolio or invest in a property with value-add potential, this one deserves a closer look! Please allow a minimum of 48 hours' notice for all showings to respect the privacy of the current tenants.

Highlights

  • Residential
  • Multi Family
  • Built in 1890
  • 0.1722 Acre Lot
  • 2 days on Market

  • Bedrooms
    6
  • Bathrooms
    4
  • Year Built
    1890
  • Stories
    2.0
  • Architectural Style
    Fourplex
  • Construction Materials
    Vinyl Siding
  • Parking Features
    Unpaved
  • Living Area
    3744.0
  • Appliances
    Gas Water Heater, Water Heater
  • Flooring
    Hardwood, Vinyl, Carpet, Varies
  • Heating
    Forced Air, Natural Gas
  • Basement
    Full

  • Acres
    0.1722
  • Lot Features
    Rectangular Lot, Near Public Transit
  • Utilities
    Sewer Connected, Water Connected
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 707 W Sullivan St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 707 W Sullivan St.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 707 W Sullivan St?

Click Ask a Question to talk with our team. You already know it is a 6 bed, 4 bath, listed for $175,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Olean, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 707 W Sullivan St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 707 W Sullivan St at around $1,232. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 707 W Sullivan St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Cattaraugus County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 707 W Sullivan St?

In most cases, yes. Whether 707 W Sullivan St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Olean's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 707 W Sullivan St?

We can handle that for you. Our preferred local agent specializes in residentials in Olean and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $175,000 with 3,744 sqft of space—that comes out to approximately $47 per square foot.

How long has this property been on the market?

707 W Sullivan St was listed on November 11, 2026, which means it's been on the market for 2 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1890, making it approximately 136 years old.

What is the lot size of this property?

707 W Sullivan St sits on a 0.17-acre lot, which is 7,405 square feet.

What are the property taxes for 707 W Sullivan St?

The most recent public record shows annual property taxes for 707 W Sullivan St were approximately $2,835. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 707 W Sullivan St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Upstate New York Real Estate Information Services (UNYREIS). All rights reserved.

Last Updated: November 13, 2026 at 06:12PM | Source: Upstate New York Real Estate Information Services (UNYREIS) | MLS#: R1728601