Olean, NY Multifamily Homes & Duplexes for Sale

/3
$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,

Regis Handley

Listing by Howard Hanna Professionals - Olean

201 N 18th St, Olean, NY 14760
Explore Olean
/2
$750,000

$150K PRICE DROP
- 1 Bed
- 912 Sq Ft
1 Edwards Ct, Olean, NY 14760

2 Bedroom with Bonus Room for an office, comes with Refrigerator & Stove. About 90% Updated electric, the rest knob & Tube. Full Basement with Washer & Dryer. 4 yr old Furnace. Sold as a package consisting of 4 Duplex, 2 Single Family Homes & a Vacant Lot out back for Parking. 2 Edwards Ct (R1635038), 120 E Green St (R1632864), 118 E Green St (R1632863), 116 E Green St (R1632862), and 114 E Green

Jamey Hinman

Listing by Howard Hanna

1 Edwards Ct, Olean, NY 14760
/30
$59,900
- 6 Beds
- 2 Baths
- 2,228 Sq Ft
1010 Buffalo St Unit 12, Olean, NY 14760

Investment opportunity with plenty of potential! This duplex features two side-by-side units, each offering 3 bedrooms, 1 full bathroom, a living room, dining room, kitchen, and pantry. Whether you're looking to expand your rental portfolio or live in one unit while renting the other, this property provides flexibility and value. A newer roof has already been completed, helping reduce future

Regis Handley

Listing by Howard Hanna Professionals - Olean

1010 Buffalo St Unit 12, Olean, NY 14760
/2
$750,000

$150K PRICE DROP
- 2 Beds
- 2,044 Sq Ft
118 E Green St, Olean, NY 14760

This Duplex is an Upper & Lower and practically identical! Both with 2 bedrooms, a small bonus room that could be used as an office and are very spacious! They have off-street parking & Separate Utilities. Roof was completely torn off and replaced 10 years ago. The foundation is solid. Part of a package deal w 4 duplexes, 2 single family and a vacant lot for parking. 2 Edwards Ct (R1635038), 1

Jamey Hinman

Listing by Howard Hanna

118 E Green St, Olean, NY 14760
/35
$78,000
- 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 - Olean

108 N 4th St, Olean, NY 14760
/2
$750,000

$150K PRICE DROP
- 2 Beds
- 1,830 Sq Ft
114 E Green St, Olean, NY 14760

Very well maintained two family dwelling in convenient location. All utilities have been updated, nice kitchens and baths, large deep lot with garage. All the work has been done. Part of a package deal w 4 duplexes, 2 single family and a vacant lot for parking. 2 Edwards Ct (R1635038), 1 Edwards Ct (R1635036), 120 E Green St (R1632864), 118 E Green St (R1632863), and 116 E Green St (R1632862).

Jamey Hinman

Listing by Howard Hanna

114 E Green St, Olean, NY 14760
/2
$750,000

$750K PRICE INCREASE
- 2 Beds
- 912 Sq Ft
2 Edwards Ct, Olean, NY 14760

Sold as a package w 4 Duplex, 2 Single Family Homes & a Vacant lot out back for Parking. - MAKE US AN OFFER!!!! Being Sold as an investor "portfolio" price includes: a package deal with the following properties: 1 Edwards Ct (R1635036), 120 E Green St (R1632864), 118 E Green St (R1632863), 116 E Green St (R1632862), and 114 E Green St (R1632859).

Jamey Hinman

Listing by Howard Hanna

2 Edwards Ct, Olean, NY 14760
/2
$750,000

$150K PRICE DROP
- 2 Beds
- 2,044 Sq Ft
120 E Green St, Olean, NY 14760

Large well cared for duplex in town within walking distance to all amenities. Currently fully occupied. Separate meters for utilities. Seller pays for water/sewer. Upper and lower duplex. Part of a package deal w 4 duplexes, 2 single family and a vacant lot for parking. 2 Edwards Ct (R1635038), 1 Edwards Ct (R1635036), 118 E Green St (R1632863), 116 E Green St (R1632862), and 114 E Green St

Jamey Hinman

Listing by Howard Hanna

120 E Green St, Olean, NY 14760
/2
$750,000

$150K PRICE DROP
- 2 Beds
- 2,052 Sq Ft
116 E Green St, Olean, NY 14760

This is a fantastic investment opportunity! This well-maintained duplex offers two units with great potential. The downstairs unit is a spacious 2-bedroom, 1-bath, while the upper unit is a cozy 1-bedroom, 1-bath. Both units feature brand new stoves, refrigerators, and washer/dryer units for convenience. The property has seen numerous updates over the years, including renovated kitchens and

Jamey Hinman

Listing by Howard Hanna

116 E Green St, Olean, NY 14760
/12
$143,500

$6K PRICE DROP
- 5 Beds
- 2 Baths
- 2,024 Sq Ft
115 Burger Place, Olean, NY 14760

This well-maintained two-family property offers a great opportunity for owner-occupants or investors alike. Recent updates include a brand-new roof and fresh interior and exterior paint, making this property truly move-in ready. One unit features 3 bedrooms and 1 full bath, while the second unit offers 2 bedrooms and 1 full bath, providing flexible living or rental options. Both units are fully

Kelly Patrone Listing by Howard Hanna Professionals - Olean

115 Burger Place, 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
$99,900
- 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
/46
$224,900
- 3 Beds
- 2.5 Baths
- 1,703 Sq Ft
101 & 103 N 19th St, Olean, NY 14760

A Rare Find: Two Beautifully Updated Ranch Homes on One Property. Welcome to 101 & 103 N 19th Street — a truly unique opportunity to own not one, but two move-in ready ranch homes on a single property. Whether you're looking to live in one and rent the other, house extended family nearby, or simply maximize your investment, this well-maintained pair delivers flexibility that's hard to come by.

Paul Pezzimenti Listing by Howard Hanna Professionals - Olean

101 & 103 N 19th St, Olean, NY 14760
/2
$299,900
- 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
/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
$225,000
- 3 Beds
- 2 Baths
- 1,850 Sq Ft
2002 & 2006 W State St, Olean, NY 14760

Versatile VACANT LOT offers outstanding visibility, income potential, and endless possibilities for investors, business owners, or owner-occupants alike. Positioned in a prime commercial location along the highly traveled Route 417 Corridor in the City of Olean, this vacant lot measuring 80 x 88, is not only a perfect location for Food Trucks, Car/Shed/Trailer Sales and more, but the property

Claudia Attard-Keary Listing by EXP-Premier Listings Team

2002 & 2006 W State St, Olean, NY 14760
/2
$149,900
- 6 Beds
- 4 Baths
- 3,202 Sq Ft
521 2nd Ave, Olean, NY 14760

This 4 unit investment property is located in the heart of Olean, close to the hospital, manufacturing locations, schools, the highway and the restaurants and shops downtown! Currently, this building has one vacant unit and the property is managed by On Point Property Management. Which is great news for investors or someone who wants to owner occupy the building. All of the utilities have been

Patricia Collier Listing by RE/MAX On Point

521 2nd Ave, 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

New York Cattaraugus County Olean

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.

Learn more about living in Olean

Home Prices in Olean, NY

The median home sale price in Olean, NY is $150,000, up 29% year-over-year. Homes in Olean sell in 77 days on average, compared to the national average of 58 days.

Home Price Trends

Median Sale Price $150,000	Median Single Family Sale Price $149,900
Median Townhouse Sale Price $121,500	Median 2 Bedroom Sale Price $89,950
Median 1 Bedroom Sale Price $85,000	Average Price Per Sq Ft $97
Number of Homes for Sale 42	Last 12 months Home Sales 125
Months of Supply 4.00	Median List Price $159,808
Median Change From 1st List Price 8%	Median Home Sale Price YoY Change 29%

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

In Olean, there are currently 19 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $35,000 to $750,000, there's a range to accomodate every budget. As of June, 2026 the median home price in Olean is $159,808, while the average sale price is $148,996, offering insights into the local housing market. On average, multi-family homes spend 77 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 Multi-family Homes By Price

Olean Multi-family Homes for Sale under $100,000

Olean Types of Homes for Sale

More About Living in Olean

Olean Homes for Sale by Style

Olean Ranch Style Homes for Sale

Multi-family Homes for Sale in Nearby Counties

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