11

Olean, NY Multifamily Homes & Duplexes for Sale

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  • /20

    $14,900

    $10K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,950 Sq Ft

    1206 Spruce St, Olean, NY 14760

    Seller will consider offers between $14,900 and $24,900 Opportunity awaits at 1206 Spruce St, a versatile duplex located in the peaceful north end of Olean. Whether you’re an investor seeking a value-add rental property or a buyer looking to “house hack” by living in one unit and renting the other, this property is a fantastic find. Offering a blank canvas, this duplex is ready for your personal

    Ryan Carney Listing by eXp Realty

    1206 Spruce St, Olean, NY 14760
  • /2

    $59,000

    • 4 Beds
    • 2.5 Baths
    • 1,824 Sq Ft

    614 Garden Ave, Olean, NY 14760

    Looking for an investment property check out this two unit . Each apartment has two bedrooms and one bath. Both tenant occupied . Schedule a showing today! Priced to sell!

    John Dwaileebe Listing by Howard Hanna Professionals - Olean

    614 Garden Ave, Olean, NY 14760
  • /23

    $174,900

    • 3 Beds
    • 2 Baths
    • 5,594 Sq Ft

    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

    318 Wayne St, Olean, NY 14760
  • /40

    $45,000

    • 4 Beds
    • 2 Baths
    • 2,545 Sq Ft

    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

    207 N 5th St, Olean, NY 14760
  • /15

    $94,900

    $5K PRICE DROP
    • 6 Beds
    • 2 Baths
    • 2,603 Sq Ft

    217 N 5th St, Olean, NY 14760

    Ken Bailey Listing by Real Estate Pros & More

    217 N 5th St, Olean, NY 14760
  • /37

    $35,000

    • 5 Beds
    • 2 Baths
    • 2,256 Sq Ft

    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

    305 Tompkins St, Olean, NY 14760
  • /2

    $279,900

    $20K PRICE DROP
    • 8 Beds
    • 4 Baths
    • 3,444 Sq Ft

    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

    1115 Olean-Portville Rd, Olean, NY 14760
  • /50

    $148,000

    • 5 Beds
    • 2 Baths
    • 2,128 Sq Ft

    817 Bishop St, Olean, NY 14760

    Welcome to 817 Bishop St! This move-in-ready side-by-side duplex has been extensively renovated from top to bottom. The renovations included removing and replacing the drywall, flooring (Luxury vinyl plank), lighting, doors, and windows with brand-new material throughout both units. New gutters were installed and the property was newly painted inside and out. Both bathrooms have been completely

    Terezinha Cecilia Listing by HUNT Real Estate ERA

    817 Bishop St, Olean, NY 14760
  • /37

    $39,000

    • 6 Beds
    • 3 Baths
    • 2,506 Sq Ft

    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

    708 W Green St, Olean, NY 14760
  • /30

    $59,000

    • 4 Beds
    • 2 Baths
    • 1,666 Sq Ft

    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

    1313 Reed St, Olean, NY 14760
  • /2

    $129,900

    • 7 Beds
    • 4 Baths
    • 3,780 Sq Ft

    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

    303 E Water 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 Price Trends

Median Sale Price
$149,900
Median Single Family Sale Price
$147,200
Median Townhouse Sale Price
$114,750
Median 2 Bedroom Sale Price
$90,000
Median 1 Bedroom Sale Price
$75,000
Average Price Per Sq Ft
$99
Number of Homes for Sale
38
Last 12 months Home Sales
135
Months of Supply
3.40
Median List Price
$159,716
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
18%
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