CCertihomes
1206 Spruce Street, Olean-City, NY 14760

$45,900

4 beds 2 baths 1,950 sqft Built 19202 days on marketActive

About this home

Discover potential in this charming investment property. This property features two spacious apartments, each offering two bedrooms and one bath, ideal for tenants seeking comfortable living spaces. While it requires some renovation work, the potential return on investment is promising. Bring your vision to life with the opportunity to personalize and enhance the property to maximize rental income potential.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$1,581/mo

Real estate (PITI + HOA + PMI)
$780
Principal + interest$295
Property tax + insurance$468
PMI / 2nd mortgage$17
Utilities
$1,453
Heating + cooling$577
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$1,581/mo TLC
Budget$5,000/mo
Remaining after TLC$3,419/mo
Purchase price
$45,900
Down payment
$2,295 (5%)
Loan amount
$43,605
APR
7.15%

Quick facts

Type
MultiFamily
Style
Year built
1920
Lot size
0.09 ac
Stories
2
Heating
Gas, WallFurnace
Cooling
Water
Connected, Public
HOA
Annual tax
$4,124
MLS #
B1607551
County
Cattaraugus

At a glance

Basement

Home features

Appliances
GasWaterHeater
Parking
OneSpace
Flooring
Other, SeeRemarks
Sewer
Connected

Lot features

Other, Rectangular, RectangularLot, SeeRemarks

Neighborhood — 14760

MetricThis ZIPCountyUSA
Population18,73219,351,094299,088,112
Population Change Since1990-14.00%8.00%20.00%
Population Density294395
Male8,8619,381,926147,432,321
Female9,8719,969,168151,655,844
Never Married4,4284,946,39163,775,926
Married7,2587,166,701123,120,365
Separated1,0261,159,67312,639,686
Widowed1,3671,110,24515,467,586
Divorced1,4651,210,44823,075,029
Number Of House Hold7,0997,102,016111,826,380
Average House Hold Size2.442.642.60
Medial Age37.0536.5335.46
Median House Hold Income$35,386$49,847$48,276
Average House Hold Income$46,879$70,032$63,629
P C I$18,889$26,569$24,529
M D I$31,259$42,210$41,133
A T H E$41,723$54,185$50,898
S T R8.00%4.00%
W C J84.88%81.55%77.74%
(Zip) Code
14760

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 5/20/2025. Provided courtesy of RE/MAX On Point via Buffalo MLS. Information deemed reliable but not guaranteed.