Erin Darran
Licensed Real Estate Salesperson
REALTOR®
Stamford, NY
Office: (607) 652-2220 (607) 386-3671

707 W Sullivan Street, Olean, NY 14760

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Property Description

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.

707 W Sullivan Street | MLS# R1728601

This multi-family property located at 707 W Sullivan Street, Olean, NY 14760 is currently listed for sale with an asking price of $175,000. W Sullivan Street is located within the Olean school district. Search Olean real estate on erin-darran.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Home Style: Fourplex
Lot Size: 0.17 Acres
Stories: 2.0
Taxes: $2,835
Year Built: 1890

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 2
Exterior: Vinyl Siding
Flooring: Carpet, Hardwood, Luxury Vinyl, Varies
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 60X125
Parcel#: 041200-094-064-0004-003-000-0000
Parking: Two or More Spaces, Unpaved
Parking Notes: Two or More Spaces, Unpaved
Sewer: Connected
Units: 4
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Olean

Estimate Your Payment

Estimated Payment

$ 676.77 per month $389.47 Principal & Interest $236.25 Property Tax $51.04 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: EXP-Premier Listings Team
Agency Contact: 716-307-8894

Shown By

Agent Name: Erin Darran
Agent Phone: (607) 386-3671
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 11/14/2026. The listing information on this page last changed on 11/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 11/14/2026 12:00:00 AM EST) or Global MLS (last updated Fri 11/13/2026 11:52:45 PM EST) or New York State Alliance MLS (last updated Fri 11/13/2026 11:54:57 PM EST) or Hudson Valley Catskill Region MLS (last updated Fri 11/13/2026 11:51:10 PM EST) or OneKey MLS (last updated Fri 11/13/2026 11:53:20 PM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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