15

Olean, NY Multifamily Homes & Duplexes for Sale

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  • /18

    $144,900

    • 7 Beds
    • 4,000 Sq Ft

    635 S Union St, Olean, NY 14760

    Excellent investment opportunity with this 7-unit apartment building offering strong rental income potential and plenty of off-street parking for tenants, with 10+ spaces available. Unit 1 is a freshly remodeled 1-bedroom, 1-bath apartment, currently vacant and ready to lease for $850–$900. Unit 2 has also been newly remodeled and vacant, a spacious 1-bedroom, 1-bath unit with rental potential of

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 575-2506

    635 S Union St, Olean, NY 14760
  • /50

    $124,900

    • 6 Beds
    • 2.5 Baths
    • 3,576 Sq Ft

    411 Irving St, Olean, NY 14760

    Spacious and versatile, this well-maintained two-family home in Olean offers over 3,576 sq. ft. of living space, not including the fully finished attic. The first-floor apartment features three bedrooms, one and a half bathrooms, a large living room, formal dining room, kitchen, enclosed front porch, a welcoming front entry room, and a convenient in-unit laundry room. The second-floor apartment

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 648-5448

    411 Irving St, Olean, NY 14760
  • /12

    $84,900

    • 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

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 460-2436

    108 N 4th St, Olean, NY 14760
  • /15

    $145,000

    • 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 five properties, consisting of a mix of multi-family units, totaling 11 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 seeking a solid,

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 875-5558

    201 N 18th St, Olean, NY 14760
  • /2

    $69,900

    • 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 five properties consisting of a mix of multi-family and single-family homes, totaling 11 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

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 584-4779

    206 S 13th St, Olean, NY 14760
  • /2

    $80,000

    • 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 five properties consisting of a mix of multi-family and single-family homes, totaling 11 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

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 517-2953

    753 Garden Ave Unit 55, Olean, NY 14760
  • /2

    $64,900

    • 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 five properties consisting of a mix of multi-family homes, totaling 11 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 seeking a solid,

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 648-1341

    217 King St, Olean, NY 14760
  • /2

    $79,900

    • 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 five properties, consisting of a mix of multi-family units, totaling 11 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 seeking a solid,

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 844-8436

    125 N 3rd St, Olean, NY 14760
  • /31

    $62,500

    • 4 Beds
    • 3 Baths
    • 2,424 Sq Ft

    326 Laurel Ave, Olean, NY 14760

    Great investment opportunity in the City of Olean! This 2-unit home offers a 2 bedroom, 1 bath layout both upstairs and down, each with their own kitchen and living room. The property features off-street parking and a covered front porch. While it will need updates and repairs, it is priced to sell and provides excellent potential for rental income or an owner-occupant. Home is being sold AS-IS,

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 648-5617

    326 Laurel Ave, Olean, NY 14760
  • /25

    $63,500

    • 5 Beds
    • 2 Baths
    • 1,731 Sq Ft

    322 Laurel Ave, Olean, NY 14760

    This 2-unit home is full of potential and ready for its next owner. Both apartments are currently vacant, making it an ideal choice for an investor or owner-occupant looking to customize and add value. The property offers off-street parking, an attached garage, and a welcoming covered front porch. While it does need some TLC, the layout and location make it a great investment opportunity. With a

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 580-2762

    322 Laurel Ave, Olean, NY 14760
  • /44

    $189,900

    • 4 Beds
    • 3 Baths
    • 6,680 Sq Ft

    1305 W State St, Olean, NY 14760

    Prime Mixed-Use Commercial Property – 1305 West State Street, Olean, NYDiscover the endless potential of this impressive 6,680 sq. ft. mixed-use property in one of Olean’s most visible and high-traffic locations! Formerly home to Shawley’s Office Equipment, this property offers excellent frontage on West State Street, ensuring maximum exposure for your business or investment.The

    Ken Bailey Listing by Real Estate Pros & More

    1305 W State St, Olean, NY 14760
  • /40

    $239,000

    • 4 Beds
    • 3.5 Baths
    • 4,621 Sq Ft

    315 Laurens St, Olean, NY 14760

    Well maintained upscale triplex on corner lot with off street parking in nice neighborhood setting. Tenants will enjoy easy accessibility to shopping and dining and all the comforts and space of a single-family home. Downstairs apartment with central air, features two bedrooms, full bath, undated kitchen, laundry room, large living room with cathedral ceilings, and large windows provide natural

    Lisa Darling Listing by Homestar Realty

    315 Laurens St, Olean, NY 14760
  • /32

    $150,000

    • 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

    $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 - Olean

    216 N 15th St, Olean, NY 14760
  • /3

    $79,000

    • 3 Beds
    • 2 Baths
    • 1,542 Sq Ft

    118 S 7th St, Olean, NY 14760

    John Dwaileebe Listing by Howard Hanna Professionals - Olean

    118 S 7th St, Olean, NY 14760

Why Live in Olean

Olean, New York, is a small city of just under 14,000 residents located on the banks of the Alleghany River in Western New York’s Southern Tier region. Known for hosting St. Bonaventure University and the headquarters of Cutco, Olean features a vibrant business district and entertainment scene. The city is characterized by historic homes on well-organized streets, shaded by tall trees, with most homes within walking distance of the river. Southern Tier Catholic School is a highly rated private option for education. North Union Street serves as the main thoroughfare, lined with grocery stores, big-box retailers, and a variety of dining options, including the popular Beef 'N' Barrel. Outdoor enthusiasts can enjoy the paved trail along the Alleghany River, numerous parks, and recreational activities like boating and fishing. Forness Park and Franchot Park offer baseball diamonds for local games. Olean’s community events include the annual festival at St. Mary of the Angels church and a seasonal farmer’s market. The nearby Ellicottville ski resort provides additional recreational opportunities and hosts events like Oktoberfest. Despite its amenities, Olean maintains a small-town feel, with a close-knit community and a walkable layout, though residents often rely on cars for travel to other parts of the state.

Home Trends in Olean, NY

Housing Trends

Median Sale Price
$125,000
Median Single Family Sale Price
$128,950
Median Townhouse Sale Price
$44,500
Average Price Per Sq Ft
$95
Number of Homes for Sale
44
Last 12 months Home Sales
142
Months of Supply
3.70
Median List Price
$134,500
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
16%
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