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303 E Water St, Olean, NY, 14760

7beds
4baths
3,780sqft
$129,900
$34price/sqft
$1,567/moest. monthly cost
$62,680/yrincome needed

About This Home

Bring your investment vision to this four-unit multifamily property located in the city of Olean. This property offers the potential to generate strong rental income. If you're looking for your next investment income producing potential don't miss this one!

Getting Around

28
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

4/10
Olean Middle SchoolGrades 3-80.7 mi
6/10
Olean Senior High SchoolGrades 8-120.8 mi
3/10

Construction

Condition

  • Property condition: Resale
  • Year built: 1900

Materials

  • Foundation: Block
  • Construction materials: Attic/Crawl Hatchway(s) Insulated,Shake Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Fourplex
  • Property subType: Quadruplex,Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Partial

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Flooring: Hardwood,Varies,Vinyl

Heating

  • Heating features: Gas,Forced Air

Interior Area

  • Total structure area: 3,780
  • Total interior livable area: 3,780 sqft

Property

Details

  • Parcel number: 04120009404100030140000000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Balcony,Deck
  • Exterior features: Balcony,Deck

Lot

  • Lot size: 9,600 sqft
  • Features: Other,Rectangular,Rectangular Lot,See Remarks
  • Lot size dimensions: 80 x 120

Parking

  • Parking features: Off Site,Unpaved

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Cattaraugus County and New York

Flood
Severe Storm
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $656$7,872
Home Insurance *$80$960
Property Taxes $207$2,484
Electricity $624$7,496
Total$1,567$18,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$53,725/yr
40% on housing$47,010/yr
45% on housing$41,786/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$34This listing

vs Other Active Listings

Avg $/sqft

ZIP 14760$119
Cattaraugus County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 14760$98
Cattaraugus County$99

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-14Listed for sale$129,900

For Sale by Agent

AgentAmy L Henzel
BrokerageERA Team VP Real Estate

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