201 N 13th Street, Olean, NY 14760

Property Description

Welcome to 201 North 13th Street! This spacious two-unit property presents an excellent opportunity for additional living space with rental income potential. Offering approximately 2,064 square feet of living space on a corner lot, this home provides flexible living arrangements and plenty of potential. The main residence features three bedrooms, two full bathrooms, an office, and a remodeled kitchen complete with a pantry. The kitchen includes an electric convection oven, gas cooktop, microwave, refrigerator, and dishwasher, with all appliances conveying. A washer and electric dryer are located in the basement. Additional highlights include central air conditioning, a central vacuum system, and hardwood flooring beneath the existing carpet. The enclosed front porch and rear deck provide inviting spaces to relax or entertain. The upper apartment includes one bedroom, a spacious living/family room, a full bathroom, and a kitchen equipped with an apartment-sized gas range and refrigerator. The apartment previously generated $700 per month in rental income, including utilities. A former ventless heater remains in the apartment but has been disconnected. Additional features include a detached one-car garage, a hot water tank replaced in 2025, and electrical updates completed in 2021. The property is serviced by one electric meter and one water meter. While the home would benefit from some updating, it offers a great opportunity to add value and make it your own. With its flexible two-unit layout, established rental history, and convenient location, 201 North 13th Street offers plenty of potential as a home or rental property - either way, it is a great investment!