15

Olean, NY Multifamily Homes & Duplexes for Sale

Section Image
  • /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
  • /2

    $850,000

    $50K 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
  • /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
  • /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
  • /2

    $850,000

    $50K 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
  • /25

    $28,000

    $4K PRICE DROP
    • 3 Beds
    • 4 Baths
    • 2,400 Sq Ft

    1390 Olean Portville Rd, Olean, NY 14760

    SURVEY AND TITLE ARE COMPLETED; BUYER WALKED AWAY FOR NO REASON AT THE TIME OF CLOSING!!Unlock the potential in this fully vacant 4-unit property located in the Town of Portville. A true value-add opportunity, this building is ready for renovation and ideal for investors looking to rehab, reposition, and maximize rental income. With no current tenants, you can start work immediately without the

    Austin Lopez Listing by eXp Realty

    1390 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
  • /2

    $850,000

    $850K 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

    $850,000

    $50K 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

    $850,000

    $50K 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
  • /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
  • /2

    $850,000

    $50K 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

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
$145,000
Median Single Family Sale Price
$142,750
Median Townhouse Sale Price
$44,500
Average Price Per Sq Ft
$99
Number of Homes for Sale
47
Last 12 months Home Sales
131
Months of Supply
4.30
Median List Price
$149,900
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
24%
How to Buy a Home How to Finance a Home How to Sell a Home