Great opportunity to add a move-in-ready duplex to your investment portfolio! Recently updated throughout, this property features all-new flooring and offers two separate units, each with its own private covered porch. Both units are currently vacant, giving the new owner a rare opportunity to start fresh—select your own tenants, set your own rental terms, or take advantage of the flexibility to live in one unit while renting the other. With the updates already completed and no existing leases to inherit, this property is ready for its next chapter. Whether you're looking to expand your rental portfolio or get started with owner-occupied investment property, this Olean duplex offers versatility, convenience, and excellent potential. Don't miss the opportunity to make it yours!
Multi-familyProperty Type
1900Year Built
5,380 sq ftLot Size
$77Price/Sq.Ft.
2 spacesParking
Listing by Darrick Babb• Howard Hanna Professionals - Olean
The intent of the R3 General Residential Use District is to delineate those areas where predominantly detached single-family, moderate density residential development and some two-family residential development has occurred or is likely to occur, to allow in special instances in accordance with site plan review, multiple-family dwellings and dwelling groups and to protect the integrity of these residential areas by controlling the type and intensity of uses so that the overall character and density of the neighborhood is preserved. The R3 District recognizes the value of such other permissible uses as churches, schools, libraries and other educational buildings, playgrounds, and general hospitals under the conditions set forth in this law.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Public service
Educational/school
Library
Recreation
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
8 days above 90° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Olean, NY • 14760
Average low and high temperatures (°F)
26
15
32
17
50
30
60
39
64
45
77
56
83
61
77
54
74
51
61
39
47
32
34
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 306 Wayne St
$127,729
$7,171 under list price of $135K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $55K to $167K.