$159,900
947 N Union St, Olean, NY 14760
THREE UNITS, THREE LONG-TERM TENANCIES, AND WOODWORK YOU HAVE TO SEESome multi-family properties are bought for the spreadsheet alone. This one gives you both — a solid set of numbers and a building people actually want to live in.THE CONDITIONThe property presents as well maintained throughout — looked after rather than merely occupied. All three units are in solid
Paul Pezzimenti Listing by Howard Hanna Professionals - Olean
$174,900
318 Wayne St, Olean, NY 14760
MIXED-USE INVESTMENT OPPORTUNITY – 2 APARTMENTS + COMMERCIAL STOREFRONTVersatile 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
Ken Bailey Listing by Real Estate Pros & More
$45,000
207 N 5th St, Olean, NY 14760
Opportunity awaits in the heart of Olean! This two-unit property is a solid option for those looking to add to their portfolio or start building rental income. Featuring separate gas, electric, and water utilities, the setup allows for added convenience and flexibility. Just a short distance to a spacious community park featuring tennis courts, a dog park, and plenty of open recreational space.
Christine Calbi Listing by EXP-Premier Listings Team
$94,900
217 N 5th St, Olean, NY 14760
Ken Bailey Listing by Real Estate Pros & More
$35,000
305 Tompkins St, Olean, NY 14760
Opportunity awaits in the heart of Olean! This two-unit property is a solid option for those looking to add to their portfolio or start building rental income. Featuring separate gas, electric, and water utilities, the setup allows for added convenience and flexibility. Positioned just off the parking area of Jamestown Community College, this location adds to the property’s overall accessibility
Christine Calbi Listing by EXP-Premier Listings Team
$49,900
813 W Sullivan St, Olean, NY 14760
Located in the City of Olean, this multi-unit duplex features off-street parking and two currently vacant apartments, giving the new owner flexibility when selecting tenants. Interior will be in need of some repair. The roof was replaced in 2021 by the previous owner. The lower unit offers 2 bedrooms, a double living room area, a small kitchen, and a bathroom located toward the back of the unit.
Kamille Connelly Listing by EXP-Premier Listings Team
$279,900
1115 Olean-Portville Rd, Olean, NY 14760
This fully occupied four unity property offers a solid investment opportunity with immediate rental income. All units are currently rented, providing consistent cash flow from day one. The property features two separate large parking areas for tenants and guest. Whether you're expanding your portfolio or getting started in multifamily investing, this property delivers with room for future
Amy Henzel Listing by ERA Team VP Real Estate
$134,900
306 Wayne St, Olean, NY 14760
Great opportunity to add a move-in-ready duplex to your investment portfolio! Recently updated throughout, this property features all-new flooring and offers two separate units, each with its own private covered porch. Both units are currently vacant, giving the new owner a rare opportunity to start fresh—select your own tenants, set your own rental terms, or take advantage of the flexibility to
Darrick Babb Listing by Howard Hanna Professionals - Olean
$39,000
708 W Green St, Olean, NY 14760
Opportunity awaits in the heart of Olean! This three-unit property is a solid option for those looking to add to their portfolio or start building rental income. Featuring separate gas, electric, and water utilities, the setup allows for added convenience and flexibility. This property features a large fenced in backyard. The property is priced to reflect the work needed, offering the chance to
Christine Calbi Listing by EXP-Premier Listings Team
$59,000
1313 Reed St, Olean, NY 14760
Opportunity awaits in the heart of Olean! This two-unit property is a solid option for those looking to add to their portfolio or start building rental income. Featuring separate gas, electric, and water utilities, the setup allows for added convenience and flexibility. This property offers a closed in backyard with parking options. The property is priced to reflect the work needed, offering the
Christine Calbi Listing by EXP-Premier Listings Team
$129,900
303 E Water St, Olean, NY 14760
Bring your investment vision to this four-unit multifamily property located in the city of Olean. This property offers the potential to generate strong rental income. If you're looking for your next investment income producing potential don't miss this one!
Amy Henzel Listing by ERA Team VP Real Estate
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.
The median home sale price in Olean, NY is $149,950, up 20% year-over-year. Homes in Olean sell in 62 days on average, compared to the national average of 55 days.
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Median Sale Price
$149,950
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Median Single Family Sale Price
$149,950
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Median Townhouse Sale Price
$39,900
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Median 2 Bedroom Sale Price
$105,000
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Median 1 Bedroom Sale Price
$219,500
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Average Price Per Sq Ft
$102
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Number of Homes for Sale
11
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Last 12 months Home Sales
134
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Months of Supply
3.80
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Median List Price
$159,900
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Median Change From 1st List Price
7%
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Median Home Sale Price YoY Change
20%
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