318 Wayne St, Olean, NY 14760
Property image
Property image
FOR SALE

$174,900

  • 3 Beds
  • 2 Baths
  • 5,594 sqft

318 Wayne St, Olean, NY 14760

Est. Mortgage $1,357/mo*
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Home Highlights

Multi-Family
Built in 1890
$31/sqft
Garage

Local Information

  • Map ViewExplore the area around 318 Wayne St.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:New hvac systemFresh paintStudio-style layoutSeveral storage roomsUpdated flooringSpacious kitchen
MIXED-USE INVESTMENT OPPORTUNITY – 2 APARTMENTS + COMMERCIAL STOREFRONT

Versatile mixed-use property offering two residential apartments and approximately 2,100 sq. ft. of first-floor commercial space. A great opportunity for an investor or business owner looking for multiple uses and income potential under one roof.

The first apartment features a studio-style layout with a full kitchen offering plenty of cabinet space and a nicely sized full bathroom. The second apartment offers 2 bedrooms, a living room, spacious kitchen, and full bathroom. Both apartments also feature access to large porch areas.

The first-floor commercial space offers approximately 2,100 sq. ft., highlighted by large storefront windows providing excellent natural light and visibility. The space includes a bathroom, several storage rooms, updated flooring, fresh paint, and a new HVAC system. An attached 1-car garage provides additional storage and functionality.

With residential and commercial space all in one property, this building offers flexibility for a variety of business and investment possibilities. Whether adding to an investment portfolio or looking for a location that combines commercial space with residential rental income, this property is ready for its next chapter.
Last check for updates: about 4 hours ago
Listing by: Real Estate Pros & More, (716) 372-7100
Kenneth M. Bailey, (716) 307-6960
Originating MLS: Chautauqua-Cattaraugus
Source: NYSAMLSs, MLS#R1706615
Also Listed on NYSAMLSs.

Home Details for 318 Wayne St

Interior Features

Interior Details
Basement: Full
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 5594 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water ConnectedAppliances: Gas Water Heater
Heating & Cooling
Heating: Gas,Forced Air,Radiator(s)Has HeatingHeating Fuel: Gas
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet, Varies, Vinyl
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoFloors: Carpet, Varies, Vinyl

Exterior Features

Exterior Home Features
Roof: Asphalt Rolled Hot Mop
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageParking Spaces: 1Parking: Common,Gravel,On Street
Frontage
Road Frontage: Main ThoroughfareNot on Waterfront
Water & Sewer
Sewer: Connected

Days on Market

Days on Market: 42

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: ResidentialProperty Subtype: Mixed Use, Triplex, Multi FamilyArchitecture: Triplex
Building
Construction Materials: Fiber Cement
Property Information
Condition: ResaleParcel Number: 04120009405700010360000000

Price & Status

Price
List Price: $174,900Price Per Sqft: $31
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: Olean
School Information
Elementary School District: OleanJr High / Middle School District: OleanHigh School District: Olean

Agent Information

Listing Agent
Listing ID: R1706615

Building

Building Area
Building Area: 5594 Square Feet

Community

Not Senior CommunityUnits in Building: 2

HOA

Association for this Listing: Chautauqua-Cattaraugus

Lot Information

Lot Area: 1306.8 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Rental Terms, Policies & Fees

Rent Includes: Hot Water, WaterOwner Pays: Hot Water, Water

Miscellaneous

BasementMls Number: R1706615Living Area Range Units: Square FeetAttribution Contact: 716-307-6960Universal Property Id: US-36009-N-04120009405700010360000000-R-N

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Olean

At least 74 Trulia users voted on each feature.

  • 88 % Say there are sidewalks

  • 87 % Say yards are well-kept

  • 87 % Say it's dog friendly

  • 83 % Say parking is easy

  • 79 % Say there's holiday spirit

  • 78 % Say car is needed

  • 74 % Say kids play outside

  • 73 % Say it's walkable to restaurants

  • 72 % Say it's walkable to grocery stores

  • 68 % Say streets are well-lit

  • 63 % Say people would walk alone at night

  • 61 % Say there's wildlife

  • 55 % Say neighbors are friendly

  • 51 % Say it's quiet

  • 43 % Say they plan to stay for at least 5 years

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Anonymous
    "There are not many kids in the neighborhood and no kid friendly parks within 10 minutes."
    0
    Flag
  • Treshina Parks
    "There is a dog park. There are two spaces and they are separated by a fence. And people are very respectful. "
    0
    Flag
  • Kcchase5
    "I do not own a dog. But I see the dogs being walked around town and in the parks. As long as they are calm and not aggressive. "
    0
    Flag
  • Trulia User
    "what kind of education and attention their getting from school! Its beat to know what kind of ppl their hanging around, role models and inspiring ppl!"
    0
    Flag
  • Susan.kriner
    "We’re close to many public events at War Vets Park and Bradners Stadium. Too many to list! Far enough away to hear the echo’s but not have it overwhelmingly take over our daily life. "
    2
    Flag
  • Kristin B.
    "This is a great place to live and raise your kids. Police patrol regularly in crime is low. Recreational activities available as well"
    0
    Flag
  • Kristin B.
    "Recreational programs offered like ice skating, sports events, youth sport sign ups. Police patrol through the city often"
    0
    Flag
  • Kristin B.
    "I lived here for 10 years and it’s a great place to raise kids. House prices are reasonable and there is a heavy police presence protecting the area all the time"
    2
    Flag
  • Skbb18
    "Strollean - big fun party. Local breweries. Great fireworks. Cutco visitor’s center. Lots of parks. Beef and barrel restaurant."
    0
    Flag
  • Corinne Q.
    "Dogs are being walked all the time. The neighborhood is quiet and peaceful. There are sidewalks which are well maintained and neighbors are friendly. "
    0
    Flag
  • Katlyn L.
    "Incredibly walkable, which is great for teenagers and people without cars. Some areas are not great traffic wise but that's to be expected."
    1
    Flag
  • TZ
    "I just moved out of the city but lived there in my last house for ten years. My neighbors became my friends. We helped each other and looked after each other. Everyone on our block maintained their homes and yards well. It was a great West End neighborhood. Plus, it was convenient to everything - grocery, bank, gym, restaurant, movie and even the liquor store!"
    0
    Flag
  • Kelly
    "Restaurants, groceries and retail shops all within easy walking distance but with the river nearby there is a country-feel too"
    0
    Flag
  • Robert W.
    "I have lived here for almos 40 years and have never encountered neighbors like these. These neighbors drive past our house blowing their horns at obscene hours of the day, they tell obscenities at me and my mother and claim they are "vigilantes" carrying out "mob rule." We have had enough of the harassing comments, destruction of our property, and the camera pointed off their house and into my bedroom. Someone moving into Fountain Street beware."
    14
    Flag
  • Bob K.
    "there are many families and many grandparents in this neighborhood. There is a nice playground with ballground and basketball hoop. The park has a spotlight to illuminate at night ."
    0
    Flag
  • Karri E. J.
    "I work and live here. It's a great place to either retire or raise children. Downtown is only a couple of blocks away. The library is located a block away. "
    1
    Flag
  • Saadzmirza
    "A nice neighborhood with friendly people and scenically overlooks the Olean Metro Area. Some notable Olean residents live here."
    1
    Flag

Market trends in Olean

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
63
9MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
301 Coleman St, Olean, NY
0.07
Multi-Family Home
$84,900
04/17/26
4
3
2,764
317 N 6th St, Olean, NY
0.31
Multi-Family Home
$63,100
02/06/26
3
2
1,680
605 N 1st St, Olean, NY
0.13
Multi-Family Home
$45,000
01/02/26
4
2
2,240
316 N 2nd St, Olean, NY
0.21
Multi-Family Home
$94,000
07/09/26
4
3
2,033
312 N 3rd St, Olean, NY
0.22
Multi-Family Home
$161,000
04/27/26
8
4
5,616
117 N 8th St, Olean, NY
0.60
Multi-Family Home
$114,000
12/22/25
2
2
2,021
123 Fulton St, Olean, NY
0.72
Multi-Family Home
$68,500
10/20/25
4
2
2,432
201 Center St, Olean, NY
0.48
Multi-Family Home
$113,300
08/17/26
5
2
1,838
125 S 7th St, Olean, NY
0.69
Multi-Family Home
$79,900
10/29/25
3
3
1,918

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
306 Wayne St, Olean, NY 14760
0.03
$134,900
4
2
1,741
For Sale
314 Van Campen Ave, Olean, NY 14760
0.03
$103,900
3
2
1,213
Off Market
301 Coleman St, Olean, NY 14760
0.07
$84,900
4
3
2,764
Recently Sold
605 N 1st St, Olean, NY 14760
0.13
$45,000
4
2
2,240
Recently Sold
116 Coleman St, Olean, NY 14760
0.13
-
4
1.5
1,728
Off Market
611 N 1st St, Olean, NY 14760
0.15
$127,000
3
2
1,514
Off Market
316 N 2nd St, Olean, NY 14760
0.21
$94,000
4
3
2,033
Recently Sold
3485 Nys Hwy #L, Olean, NY 14760
0.21
$28,800
2
1
900
Off Market
312 N 3rd St, Olean, NY 14760
0.22
$161,000
8
4
5,616
Recently Sold
314 N 2nd St, Olean, NY 14760
0.22
$156,000
5
-
5,700
Recently Sold
709 N Union St, Olean, NY 14760
0.18
$118,800
5
1.5
2,268
Off Market

Price and Tax history

DateEventPrice
Aug 12, 2026
Source: NYSAMLSs #R1706615
Listed For Sale
$174,900
Mar 9, 2023
Source: N/A
Sold
$65,000
Jun 4, 1996
Source: N/A
Sold
$26,000

LGBTQ Local Legal Protections

Kenneth M. Bailey, Real Estate Pros & More, (716) 372-7100
Agent Phone: (716) 307-6960
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Broker’s Firm Name. Listing Data last updated at 2026-09-23 23:58:40 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.

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New Listings near 318 Wayne St

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318 Wayne St, Olean, NY 14760 is a 3 bedroom, 2 bathroom, 5,594 sqft multi-family built in 1890. This property is currently available for sale and was listed by NYSAMLSs on Aug 12, 2026. The MLS # for this home is MLS# R1706615.