Olean, NY Multifamily Homes & Duplexes for Sale

/17
$249,900
- 2 Beds
- 2 Baths
- 3,053 Sq Ft
208 Main St, Olean, NY 14760

This Prime 3000+ sqft Mixed Use Property located on a corner parcel offers endless potential. The property features 25+ parking spaces and separate entrances for both units. The first floor of this property had been used previously as a salon and has now been turned into a freshly painted blank canvas. The second floor of the property is a two bedroom one bath apartment with a separate

Alicia Wittman

Listing by WNY Metro Roberts Realty

(585) 634-3952

208 Main St, Olean, NY 14760
/32
$250,000
- 6 Beds
- 2 Baths
- 2,570 Sq Ft
705 Irving St, Olean, NY 14760

This upper/lower duplex has been beautifully renovated in a prime location. Excellent investment opportunity or perfect for owner-occupancy! Many of the updates include new windows, vinyl siding, new kitchens and baths, front and back decks, flooring, fresh paint, appliances and more. Each unit features 3 bedrooms and 1 full bath. Lower unit heats with gas and the upper unit is multi-zoned

Ann Croakman Listing by Howard Hanna WNY Inc.

705 Irving St, Olean, NY 14760
/12
$87,900
- 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

Regis Handley Listing by Howard Hanna Professionals

108 N 4th St, Olean, NY 14760
/15
$599,000
- 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 seven properties consisting of a mix of multi-family and single-family homes, totaling 13 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

Regis Handley Listing by Howard Hanna Professionals

201 N 18th St, Olean, NY 14760
/28
$120,000
- 5 Beds
- 2 Baths
- 2,168 Sq Ft
605 W State St, Olean, NY 14760

Great opportunity to own a large 2 family home. Perfect for owner occupied or investors. Come right in and rent out or live in one and rent the other. Priced to sell. Both tenant occupied. $950/month.

Thomas Cafarella Cameron Real Estate Group

605 W State St, Olean, NY 14760
/41
$270,000
- 3,500 Sq Ft
635 S Union St, Olean, NY 14760

Investors take notice. Rare 7 unit building. Come take a look and see the value here. Ready to be rented. Unit #3 & #4 are vacant, 5 units are tenant occupied. $3447 total monthly.

Thomas Cafarella Cameron Real Estate Group

635 S Union St, Olean, NY 14760
/27
$179,000
- 4 Beds
- 2 Baths
- 1,716 Sq Ft
214 E State St, Olean, NY 14760

This well-maintained duplex offers a fantastic income property opportunity with significant potential for returns. Featuring an upper 2-bedroom, 1-bath unit and a lower 2-bedroom, 1-bath unit, the property has been updated with new carpets, windows, and electric systems. They are also Furnished with Appliances, and both are ready for you to rent out immediately, at a suggested rate in the

Claudia Attard-Keary Listing by Premier Listings Real Estate

214 E State St, Olean, NY 14760
/12
$79,500
- 6 Beds
- 3 Baths
- 2,232 Sq Ft
109 N 12th St, Olean, NY 14760

Check out this great investment opportunity. All three units are currently rented out insuring immediate and reliable cash flow. Conveniently located near shopping and amenities.New roof was installed September 2023. Current owners pay water and sewer, all other utilities are tenant's responsibility.

Amanda Reynolds Listing by Howard Hanna WNY Inc.

109 N 12th St, Olean, NY 14760
/6
$159,000
- 4 Beds
- 4 Baths
- 3,800 Sq Ft
602 W Sullivan St, Olean, NY 14760

Fully occupied with long term tenants. Four Units with Large basement for additional storage to keep all maintenance tools and equipment at location. Possible additional rental space with the detached two car garage.

Lisa Darling Listing by Homestar Realty

602 W Sullivan 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

216 N 15th St, Olean, NY 14760
/2
$599,000
- 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 seven properties consisting of a mix of multi-family and single-family homes, totaling 13 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

Regis Handley Listing by Howard Hanna Professionals

206 S 13th St, Olean, NY 14760
/2
$599,000
- 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 seven properties consisting of a mix of multi-family and single-family homes, totaling 13 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

Regis Handley Listing by Howard Hanna Professionals

753 Garden Ave Unit 55, Olean, NY 14760
/2
$599,000
- 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 seven properties consisting of a mix of multi-family and single-family homes, totaling 13 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

Regis Handley Listing by Howard Hanna Professionals

217 King St, Olean, NY 14760
/2
$599,000
- 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 seven properties consisting of a mix of multi-family and single-family homes, totaling 13 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

Regis Handley Listing by Howard Hanna Professionals

125 N 3rd St, Olean, NY 14760
/2
$79,900
- 4 Beds
- 2 Baths
- 2,432 Sq Ft
123 Fulton St, Olean, NY 14760

Check out this two family income property.

John Dwaileebe Listing by Howard Hanna Professionals

123 Fulton St, Olean, NY 14760

New York Olean

About Olean

Olean, New York, is home to just under 14,000 residents. It sits on the banks of the Alleghany River and is the largest city in Western New York’s Southern Tier region. “We’re not a county seat, but we do serve many bedroom communities,” says Realtor Patricia Collier with RE/MAX On Point, who has lived in Olean for 12 years. “We host a prestigious university, St. Bonaventure, and we’re the home of Cutco, the kitchen knife brand. We have a vibrant chamber of commerce that has invested a lot of money into Main Street.” Despite all this, and its t ...

Learn more about living in Olean

Home Trends in Olean, NY

On average, homes in Olean, NY sell after 51 days on the market compared to the national average of 47 days. The average sale price for homes in Olean, NY over the last 12 months is $130,928, down 1% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)

$118,720

Median Single Family Price

$119,100

Average Price Per Sq Ft

$95

Number of Homes for Sale

Last 12 months Home Sales

295

Months of Supply

1.20

Median List Price

$129,000

Median Discount From 1st List Price

Median Home Sale Price YoY Change

13%

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

In Olean, there are currently 15 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $79,500 to $599,000, there's a range to accomodate every budget. As of April, 2025 the median home price in Olean is $129,000, while the average sale price is $130,928, offering insights into the local housing market. On average, multi-family homes spend 51 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 Types of Homes for Sale

More About Living in Olean

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