$69,900

224 South 16th Street, Olean, NY 14760

2 beds |
2 baths |
1,120 sqft

Single-Family Home
Built in 1940
5,075sqft lot
2 car garage
$62/sqft
Listed 24 days ago

Property Description

Discover the potential in this charming 2-bedroom, 2-full-bath home featuring beautiful hardwood floors and granite countertops that bring warmth and modern appeal to the open floor plan. The layout offers a bright living area that flows smoothly into the kitchen and dining spaces, creating an easy, comfortable feel throughout. One of the property's standout features is the amazing two-car garage, perfect for parking, storage, or hobby space—an amenity that adds tremendous value. Please note: the home does require significant foundational repair, making this an excellent opportunity for an investor, contractor, or buyer looking to add equity with renovations. Due to the scope of the work, only strong 20% conventional financing or cash offers can be considered. With appealing finishes, flexible living space, and a great garage, this home has incredible upside for the right buyer. Bring your vision and make it your next project!

Listing Status:: Active
Date Added:: November 20, 2025 at 06:00AM
Listing Office:: Howard Hanna Professionals - Olean : 716-372-1155
Listing Agent:: Paul Pezzimenti : 716-378-7039
MLS ID:: R1651751

General: Breakfast BarCeiling Fan(s)Separate/Formal Living RoomGranite CountersKitchen Island
Appliances: Electric OvenElectric RangeGas Water Heater
Laundry: Main Level
Basement: Partial
Flooring: HardwoodVaries
Heating: GasForced Air
Fireplace: Fireplaces: 0

General: Concrete Driveway
Style: Historic/AntiqueTwo Story
Parking: AttachedGarageGarage Door Opener

General: Vinyl SidingCopper Plumbing2Stone

Road/Access: City Street
Originating MLS: NYS_CC
School District: Olean
County: Cattaraugus

Zoning: 041200-094-063-0005-048-000-0000

Utilities: Cable AvailableHigh Speed Internet AvailableSewer ConnectedWater ConnectedCircuit Breakers
Water: ConnectedPublic
Sewer: Connected

Source: NYS_CC

This listing courtesy of Paul Pezzimenti, Howard Hanna Professionals - Olean

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Washington West Elementary School

1626 Washington St, Olean, NY, 14760

Grades PK-3

0.35 miles away

Olean Senior High School

410 W Sullivan St, Olean, NY, 14760

Grades 8-12

0.90 miles away

Olean Senior High School

410 W Sullivan St, Olean, NY, 14760

Grades 8-12

0.90 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.