Olean, NY Multifamily Homes & Duplexes for Sale

/17
$200,000
- 2 Beds
- 2 Baths
- 3,053 Sq Ft
208 Main St, Olean, NY 14760

This Prime 3000+ sqft Mixed Use Property located on a corner parcel offers endless potential. The property features 25+ parking spaces and separate entrances for both units. The first floor of this property had been used previously as a salon and has now been turned into a freshly painted blank canvas. The second floor of the property is a two bedroom one bath apartment with a separate entrance.

Alicia Wittman

Listing by WNY Metro Roberts Realty

(585) 634-3952

208 Main St, Olean, NY 14760
/32
$159,900
- 2 Beds
- 2 Baths
- 2,021 Sq Ft
117 N 8th St, Olean, NY 14760

Don't miss this amazing opportunity to own your own home and make some extra income on the side! This well maintained 2/studio double is located just minutes from shopping and restaurants. It offers the ideal blend on convenience and comfort. Updates include a 2 yr old tear off architectural roof, 2 yr old siding, updated flooring, newly renovated master bedroom, newly renovated bathroom and

Bethany Gonyou Listing by Howard Hanna WNY Inc.

117 N 8th St, Olean, NY 14760
/15
$45,900
- 4 Beds
- 2 Baths
- 1,950 Sq Ft
1206 Spruce St, Olean, NY 14760

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

Tina Perkins Listing by RE/MAX On Point

1206 Spruce St, Olean, NY 14760
/32
$229,000
- 6 Beds
- 2 Baths
- 2,570 Sq Ft
705 Irving St, Olean, NY 14760

This upper/lower duplex has been beautifully renovated in a prime location. Excellent investment opportunity or perfect for owner-occupancy! Many of the updates include new windows, vinyl siding, new kitchens and baths, front and back decks, flooring, fresh paint, appliances and more. Each unit features 3 bedrooms and 1 full bath. No appliances in the home. Lower unit heats with gas and the

Ann Croakman Listing by Howard Hanna WNY Inc.

705 Irving St, Olean, NY 14760
/12
$87,900
- 4 Beds
- 2 Baths
- 2,388 Sq Ft
108 N 4th St, Olean, NY 14760

Excellent investment opportunity or perfect for owner-occupancy! This well-maintained 2,388 sq ft two-unit property is ideally located near downtown Olean, offering easy access to shopping, dining, schools, parks, and other local amenities. Each unit features 2 bedrooms, 1 full bathroom, spacious living and dining areas, and separate utilities for tenant convenience. On-street parking is

Regis Handley Listing by Howard Hanna Professionals

108 N 4th St, Olean, NY 14760
/15
$599,000
- 3 Beds
- 3 Baths
- 1,342 Sq Ft
201 N 18th St, Olean, NY 14760

Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes seven properties consisting of a mix of multi-family and single-family homes, totaling 13 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers

Regis Handley Listing by Howard Hanna Professionals

201 N 18th St, Olean, NY 14760
/28
$110,000
- 5 Beds
- 2 Baths
- 2,168 Sq Ft
605 W State St, Olean, NY 14760

CASH FLOW OPPORTUNITY!! This property is turnkey for any investor looking to enhance their portfolio. All units have been maintained and upgraded and it's a ready made purchase, priced to cash flow for new buyer. *This property is part of a 11 unit portfolio (2 additional properties) and there's an opportunity to buy the entire portfolio to add 11 additional units to your current portfolio. Come

Thomas Cafarella Cameron Real Estate Group

605 W State St, Olean, NY 14760
/42
$260,000
- 3,500 Sq Ft
635 S Union St, Olean, NY 14760

CASH FLOW OPPORTUNITY!! This property is turnkey for any investor looking to enhance their portfolio. All units have been maintained and upgraded and it's a ready made purchase, priced to cash flow for new buyer. *This property is part of a 11 unit portfolio (2 additional properties) and there's an opportunity to buy the entire portfolio to add 11 additional units to your current portfolio. Rare

Thomas Cafarella Cameron Real Estate Group

635 S Union St, Olean, NY 14760
/27
$152,000
- 8 Beds
- 5 Baths
- 2,950 Sq Ft
204 N Barry St, Olean, NY 14760

This is a 5 unit apartment complex located in downtown Olean next to JCC. Zoned Commercial. 3 of the units are currently rented by long term tenants that pay on time. The 4th unit is vacant and ready to move in. The 5th unit is under construction. The Broker/Appraiser estimates the gross yearly rent to be $48,000 annually with a $28,000 Net profit. The CAP rate at full asking price is 15.8 %. 5

James Dwaileebe Listing by 3D Real Estate LLC

204 N Barry St, Olean, NY 14760
/15
$119,000
- 7 Beds
- 3 Baths
- 2,370 Sq Ft
216 N 15th St, Olean, NY 14760

Great investment property. Main property has three bedrooms 1 full bath. Tenant pays $750/mo and has been a long standing tenant. Out back has a 2 unit with both being a 2 bed and 1 bath. Upper unit is occupied and tenant pays $500/mo. Lower is unoccupied but has brought in $500/mo in the past. Live in one and let the rest pay the mortgage or rent the last apartment and have a great rental

Kelly Patrone Listing by Howard Hanna Professionals

216 N 15th St, Olean, NY 14760
/2
$599,000
- 3 Beds
- 2 Baths
- 2,464 Sq Ft
206 S 13th St, Olean, NY 14760

Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes seven properties consisting of a mix of multi-family and single-family homes, totaling 13 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers

Regis Handley Listing by Howard Hanna Professionals

206 S 13th St, Olean, NY 14760
/2
$599,000
- 6 Beds
- 2 Baths
- 3,328 Sq Ft
753 Garden Ave Unit 55, Olean, NY 14760

Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes seven properties consisting of a mix of multi-family and single-family homes, totaling 13 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers

Regis Handley Listing by Howard Hanna Professionals

753 Garden Ave Unit 55, Olean, NY 14760
/2
$599,000
- 5 Beds
- 2 Baths
- 2,196 Sq Ft
217 King St, Olean, NY 14760

Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes seven properties consisting of a mix of multi-family and single-family homes, totaling 13 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers

Regis Handley Listing by Howard Hanna Professionals

217 King St, Olean, NY 14760
/2
$599,000
- 5 Beds
- 2 Baths
- 3,001 Sq Ft
125 N 3rd St, Olean, NY 14760

Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes seven properties consisting of a mix of multi-family and single-family homes, totaling 13 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers

Regis Handley Listing by Howard Hanna Professionals

125 N 3rd St, Olean, NY 14760
/2
$79,900
- 4 Beds
- 2 Baths
- 2,432 Sq Ft
123 Fulton St, Olean, NY 14760

Check out this two family income property.

John Dwaileebe Listing by Howard Hanna Professionals

123 Fulton St, Olean, NY 14760

New York Olean

Why Live in Olean

Olean, New York, is home to just under 14,000 residents. It sits on the banks of the Alleghany River and is the largest city in Western New York’s Southern Tier region. “We’re not a county seat, but we do serve many bedroom communities,” says Realtor Patricia Collier with RE/MAX On Point, who has lived in Olean for 12 years. “We host a prestigious university, St. Bonaventure, and we’re the home of Cutco, the kitchen knife brand. We have a vibrant chamber of commerce that has invested a lot of money into Main Street.” Despite all this, and its t ...

Learn more about living in Olean

Home Trends in Olean, NY

On average, homes in Olean, NY sell after 58 days on the market compared to the national average of 49 days. The median sale price for homes in Olean, NY over the last 12 months is $118,720, up 10% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$118,720

Median Single Family Sale Price

$124,900

Median Townhouse Sale Price

$44,500

Average Price Per Sq Ft

$94

Number of Homes for Sale

Last 12 months Home Sales

297

Months of Supply

1.70

Median List Price

$129,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

10%

How to Buy a Home How to Finance a Home How to Sell a Home

In Olean, there are currently 15 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $45,900 to $599,000, there's a range to accomodate every budget. As of June, 2025 the median home price in Olean is $129,900, while the average sale price is $132,742, offering insights into the local housing market. On average, multi-family homes spend 58 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Olean, NY.

Olean Types of Homes for Sale

More About Living in Olean

Multi-Family Homes in Nearby Cities

Multi-Family Homes in Nearby Counties

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