The median home value in Olean, NY is $105,000.
This is
lower than
the county median home value of $131,600.
The national median home value is $338,100.
The average price of homes sold in Olean, NY is $105,000.
Approximately 46.49% of Olean homes are owned,
compared to 44.93% rented, while
8.58% are vacant.
Olean real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Olean real estate agent to arrange a tour today!
Courtesy: Howard Hanna Professionals
716-372-1155
Check out this fantastic investment opportunity – a well-maintained three-unit property in West Olean, offering strong rental potential! Unit 1 is a cozy efficiency apartment featuring one bedroom, one bathroom, and a charming front porch, perfect for relaxing. Unit 2 is a spacious one-bedroom unit with a separate living room, dining area, and kitchen, highlighted by beautiful hardwood floors and the convenience of an in-unit washer and dryer. The top-floor Unit 3 boasts three bedrooms, hardwood floors throughout, a full bathroom, and washer/dryer hookups, making it a great option for larger tenants. Off-street parking is available from Irving Street, with space for three or more vehicles in the back. Conveniently located near parks, schools, shopping, and dining, this property is a great opportunity for both investors and owner-occupants. Whether you're looking to expand your rental portfolio or live in one unit while renting out the others, this West Olean triplex is a must-see!
Courtesy: Howard Hanna Professionals
716-372-1155
Seize this incredible opportunity to own a fully updated, 1,344 sq. ft. commercial building in a high-traffic location on Route 417 (West State Street), Olean, NY! This property is situated on a double lot with ample off-street parking and room for future expansion, making it an ideal investment for businesses looking for visibility and growth. Completely gutted and renovated just 5 years ago, this building features modern updates throughout, offering a turnkey space for retail, office, professional services, or other commercial uses. With **newer systems, finishes, and infrastructure, you can move in with confidence, knowing that just about everything has been updated. Positioned along a bustling business corridor, this property benefits from steady traffic flow, excellent exposure, and easy accessibility. Whether you're looking to establish a new venture, relocate, or expand your business, this location delivers exceptional potential. Property Highlights: Size: 1,344 sq. ft. commercial building Lot: Double lot with ample parking & room for expansion Condition: Fully gutted and renovated just 5 years ago – nearly everything is new! Location: Prime West State Street (Route 417), Olean, NY Opportunities: Retail, office, professional services, or redevelopment Move-in ready and packed with potential! Don't miss this rare commercial offering in one of Olean’s most desirable business locations.
Courtesy: Howard Hanna Professionals
716-372-1155
Unlock the possibilities with this spacious commercial building just under 5,000 sq. ft., perfectly positioned parallel to West State Street and just a short drive to Allegany. Nestled near a well-established residential area, this property offers prime visibility and easy accessibility for a variety of business ventures. A standout feature is the 12-foot garage door, providing excellent access to the expansive open warehouse-style space in the front unit—ideal for storage, a workshop, or creative commercial use. The front unit is currently leased for $1,650/month until October, with the tenant open to extending, offering immediate income potential for an investor or owner-occupier. The back unit also has a large warehouse-style space, that could be anything. Currently it is being used as storage, but could be great shop space or potential for another tenant. For added convenience, the building includes two built-out offices and two bathrooms (one per unit), making it functional for a variety of business needs. With its strategic location, flexible layout, and endless potential, this property is a fantastic opportunity for investors or business owners looking for space, convenience, and income. Virtual tour available – explore the possibilities today!
Courtesy: Premier Listings Real Estate
716-379-8383
This affordable two-level home featuring stunning woodwork could be the perfect starter home. Its spacious living room leads to a large dining room, which in turn leads to a back room that could serve as an office or a playroom. The backyard will be ideal for entertaining (once the snow melts!) The convenient half bath is perfectly located for guests. The back door has a drop zone that leads to the finished basement which is set up for additional living space with a gas fireplace, pool table and includes a washer and dryer. The second level comprises a full bathroom and three large bedrooms, each with ample closet space. The full attic provides additional storage. Heating costs will be minimized with the brand-new heating system that was installed within the past year. The kitchen has a pantry closet for extra storage, along with another unfinished area allowing for possible addition to kitchen area. The enclosed front porch is perfect for sitting out on summer nights with the screened windows open. The home is situated directly across from a park that has a walking trail along the perimeter. The owner has updated the siding on the back of the house, where you will find a large carport. This charming house has plenty of potential.
Courtesy: Real Estate Pros & More
716-372-7100
RANCH HOME WITH 2 BEDROOMS, 1.5 BATHS AND LAUNDRY ALL ON THE MAIN FLOOR. FULL FINISHED BASEMENT WITH 2 BEDROOMS, FULL BATH AND A KITCHENETTE. FAMILY ROOM, OFFICE/DEN AREA. COMES WITH AN ABOVE GROUND POOL WITH NEWER HEATER AND A HOT TUB ON THE DECK. FENCED IN BACK YARD. STORAGE SHED. NEWER VINYL SIDING, FURNACE AND ELECTRIC SERVICE PANEL. NICE LOT. MLS#R15585482.
Courtesy: Keller Williams Realty
716-324-2300
3 Bedroom 1-1/2 bathroom being sold as is condition! Offered at a low price for someone willing to repair the home!
Courtesy: Premier Listings Real Estate
716-379-8383
Salvation Army Building. This classic, historically significant building, constructed in 1929, is a true gem located in the heart of downtown Olean. Spanning three stories, the property boasts 4,548 square feet of versatile space, plus you may include the 3rd floor & basement for even more space, offering an exceptional opportunity for a variety of uses. The building features a stunning mezzanine, adding an extra touch of architectural elegance and character. With its prime location and timeless appeal, this property is a rare find, perfect for businesses or those seeking to preserve and invest in a piece of Olean’s rich history. This Building also has a 2 car garage with a driveway, plus a small piece of land around the other side of it, which can make space for more parking. Priced affordably, because the building does need some love. Major thing being the hot water baseboard heating system does have a leak in an unknown pipe, so there currently is no heat in the building. * This building is NOT listed as Historical. * Delayed Showings start Monday, January 20, 2025
Courtesy: Premier Listings Real Estate
716-379-8383
Presenting an Exceptional Opportunity for a New Owner to take over a Thriving Business in this well-established Location in the Heart of Downtown Olean, which offers a strong foundation for ongoing success. One of the last few Local Venues Left, that can accommodate large gatherings of over 200 People. Hit the ground running and take over this Restaurant & Bar for Sale. The turnkey nature and established customer base with the experienced team, ensures to provide stability & security, making it easier for you to focus on growth and success. This opportunity is perfect for anyone seeking a restaurant with growth potential. You’ll have the freedom to expand hours, introduce new offerings, or expand catering services. The Old Library Restaurant is located in the historic Olean Public Library Building and is one of the region’s most beautiful and treasured landmarks. Built in 1909, with funds provided by the philanthropist Andrew Carnegie, this elegant work of art was designed by architect Edward L. Tilton in the Beaux-Arts style, complete with original bookcases, a grand staircase, and two fireplaces. The Old Library Restaurant is a lively, upscale-casual venue full of Old-World charm and Art Deco flare, paying tribute to the history of Olean's prohibition-era with our casual speakeasy vibe. Step up to The Prohibition Bar, and step back in time to the Gangster Era. Our hand-carved mahogany backbar is from the Cattleman's Steakhouse in Chicago, where Al Capone was a frequent guest. This exquisite historical landmark was listed on the National and State Register of Historic Places in 1985. This Property CAN BE sold as a package with the Bed & Breakfast building next door... mls #R1583828 for $1.25Million
Courtesy: Howard Hanna Professionals
716-372-1155
Nestled in the heart of Olean, NY, this charming 2-bedroom, 1-bathroom home is a perfect blend of comfort and convenience. The spacious living room welcomes you with natural light, while the adjoining dining room offers a cozy space for family meals or entertaining guests. The kitchen is designed for functionality, featuring ample cabinetry and counter space. An additional family room provides extra space for relaxation or hobbies, making this home versatile for any lifestyle. Step outside into the backyard, a serene oasis that leads directly into a beautiful park – perfect for morning walks, picnics, or outdoor play. Located within walking distance of Olean's vibrant Union Street, you'll enjoy easy access to local shops, dining, and community events. Whether you're looking for your first home or a cozy retreat, this property offers the ideal combination of location and charm. Don’t miss out on this gem!
Courtesy: Howard Hanna Professionals
716-372-1155
This property is located within a block of major commercial properties that include Walmart, Home Depot, BJ's Wholesale Club, Tim Horton's, Applebees, Aspen Dental and several other national chains including new national chains currently under construction. This a great investment with the two neighboring properties totaling over an acre and one of them being a corner lot.
Courtesy: ERA Team VP Real Estate
716-699-4800
Bring a return to animal care in Olean, NY! This was a well established veterinary business currently not in operation as the owner has retired after many years of building up his practice. Priced to help a new vet, just out of school or one that has been working in another area, but wants to start their own business. All the medical equipment needed is set to open the door for business. Some of the inventory is new and not used, some the boxes have not been opened. Newer X-RAY equipment, all the operating equipment, the list is so extensive that you have to see what is there and available. The inventory in itself has HUGE VALUE IN THIS SALE! Don't overlook this opportunity in an area that is a "animal care desert". This community needs everyday care for animals and this presents a "no competition" opportunity. It would be the only non-urgent care, veterinary business in Olean, NY. Excellent income! Spacious reception area with a waiting room, operating room, examining rooms, animal "hotel room" areas, private billing office and a huge PLUS; A two bedroom apartment, recently renovated for on site living or rental for more income. The attached two car garage has loads of parking. The location is optimal for active business and is very convenient. This business could accommodate multiple veterinarians. The owner would love to see this continue as an animal care facility, but it could also be used for any other type of commercial business.
Courtesy: Premier Listings Real Estate
716-379-8383
Two unit income property in East Olean. One bedroom in the downstairs apartment and two bedrooms in the upper. Current electrical updates as well as new gutters. Complete remodel in 2022 including a new roof. Great income potential with apartments bringing in over $2300 a month. Or you could choose to live in one unit - let the second unit pay the mortgage! Showings scheduled for after 3 pm please.
Courtesy: Howard Hanna Professionals
716-372-1155
Welcome to your perfect retreat nestled on a picturesque double lot, spanning an impressive 0.41 acres. This charming two-bedroom home combines character, comfort, and opportunity, making it a rare find! Step inside to discover wood floors that add warmth and timeless elegance to the living spaces. The spacious second-floor bathroom ensures comfort and convenience for everyday living. Relax and take in the stunning view of rolling hills from the inviting front porch—a perfect spot for morning coffee or evening sunsets. The detached one-car garage and additional storage shed provide ample space for your tools, toys, and hobbies. The expansive yard offers endless possibilities! With its deep, double-lot configuration, there’s plenty of room for gardening, outdoor entertainment, or even future expansion. This property’s size and layout make it an ideal candidate for building, whether you're dreaming of a larger home, workshop, or investment project. With aluminum siding for easy maintenance and a tranquil setting, this home is ready for your vision. Whether you're looking for a peaceful retreat, a starter home with room to grow, or a property with development potential, this is it! Don't miss the chance to make this hidden gem your own. Negotiations are delayed until 1/6/2026 to ensure interested parties do not have to schedule around the new year.
Courtesy: WNY Metro Roberts Realty
716-891-1710
Discover this delightful 4-bedroom, 2-bathroom home nestled at 211 Irving Street in the heart of Olean, NY, offering almost 1700 square feet of living space that blends classic charm with the potential for modern updates. Live in a walkable community where everything is within reach, enjoying the convenience of not needing a car for daily errands, as it's situated close to local stores, excellent schools, and various shopping options, providing all the amenities you need right at your doorstep. Olean is known for its community spirit and small-town feel, with easy access to outdoor activities, historical sites, and the scenic beauty of the region, making this property an excellent long-term investment or a perfect family home according to current market trends.
Courtesy: Howard Hanna Professionals
716-372-1155
Discover an exceptional commercial opportunity in the heart of downtown Olean directly adjacent to Jamestown Community College. This versatile property, currently configured as a fully operational medical office, offers endless possibilities for entrepreneurs, investors, or business owners looking to expand their footprint. The main floor is designed with reception areas, private offices, exam rooms, and a functional kitchen at the rear—ideal for staff breaks or catering services. Enjoy abundant storage options, including an unfinished upstairs area that can be customized to fit your unique business needs. Unlock additional revenue streams by converting a portion of the building into residential living space, capitalizing on the growing demand for mixed-use properties. Seven dedicated parking spaces just off Hamilton Street make visiting or residing here hassle-free. Nestled in downtown Olean, this property offers unbeatable visibility and easy access for clients, customers, and residents. Whether you envision a thriving medical practice, professional office, creative studio, or live-work space, this property provides the foundation for success. Its adaptable layout and central location make it an ideal investment for a wide range of commercial and residential uses. Seize this rare opportunity to own a flexible commercial property with income-generating potential in one of Olean's most sought-after areas. Schedule your private tour today and explore the future of your business or investment portfolio!
Courtesy: Howard Hanna WNY Inc.
716-699-4695
MUST SEE!!!!! Nicley kept home with bathroom updates and new deck. Corner lot, close to shopping, dining, and college campuses. Two bedrooms on the second floor, kitchen, dining, and living room on first floor. Priced to sell, see it today.
Courtesy: Premier Listings Real Estate
716-379-8383
50 x 150 Vacant Building lot in the city of Olean, with Public Gas, Electric & Water available
Courtesy: Howard Hanna Professionals
716-372-1155
Four bedroom home located in the heart of Olean NY. This home offers a great amount of potential and a clean slate to make your own. A fenced in back yard that offers privacy as well as a spacious front porch to enjoy the neighborhood. Be sure to check out this home while it lasts!
Courtesy: Premier Listings Real Estate
716-379-8383
Very nice 3 bedroom home with 1.5 baths close to schools, restaurants and shops. Beautiful wood floors in the living room and dining room and a breakfast nook off the kitchen that was turned into a first floor laundry. In the front of the house there is a covered porch on a quiet street and out back is a cozy back yard with a one car detached garage. Also, the windows downstairs are new and the gutters have screens so no cleaning necessary! The upstairs needs a little TLC to update it but has decent sized bedrooms each with it's own closet. Plenty of storage in the full dry basement and the attic. The attic has walk in access. This is a shared driveway but the current owner of the house next door has not owned a car for the last several years.
Courtesy: Howard Hanna Professionals
716-372-1155
Discover the perfect blend of historic charm and modern convenience with this stunning Colonial home on West Henley Street in the heart of Olean. Set on nearly two-thirds of an acre, this beautifully crafted property offers timeless elegance, exceptional functionality, and surprising privacy for a central city location. Featuring up to six bedrooms and five and a half baths, this home is filled with exquisite details, including hardwood floors, marble-trimmed fireplaces, high ceilings, elaborate moldings, and arched French doors. The grand entryway greets you with a striking black-and-white marble floor and a leaded glass door, while rounded front steps, stately columns, and large solid panel front doors make a lasting first impression. The main level includes formal dining and living rooms with glass doors leading to a sunroom bathed in natural light, a breakfast room with sunrise views, a spacious walk-in pantry, and a half bath. Each second-floor bedroom has its private bath, and the third floor provides additional flexibility with three more rooms and two full baths. The basement offers a versatile space with a game room, a pool table, and even a bomb shelter, while thick walls with blown-in insulation ensure year-round comfort. Outdoors, the large, fenced-in yard, and covered patio create a serene retreat, perfect for relaxation or entertaining. The two-car garage includes an attic and an attached shed for ample storage. For added versatility, the attached apartment features two bedrooms, 1.5 baths, a separate entrance, separate utilities, and a one-car garage, offering rental potential or an ideal in-law suite with a long-term tenant already in place. Recent updates provide peace of mind, including a new boiler in 2018, a new roof in 2021, and a freshly sealed flat roof in 2024. With unique features like carved shell design corner cupboards, a crystal ball newel post, elegant wood window cornices, and original 6-over-6 glass windows, this home showcases incredible craftsmanship and timeless beauty. Don’t miss the opportunity to own this remarkable property that offers both historic charm and modern amenities—schedule your private tour today.
Courtesy: Real Estate Pros & More
716-372-7100
Step into a home where timeless charm meets modern conveniences. This delightful 3-bedroom, 1-bathroom residence seamlessly blends classic character with contemporary comfort, offering the perfect space for relaxation and making memories. Inside, the warmth of natural woodwork graces the living spaces, including a cozy living room complete with a decorative fireplace — ideal for creating a soothing atmosphere. The modern kitchen boasts ample cabinet space, making meal prep both functional and enjoyable. Venture outdoors to find your personal sanctuary. The large front porch invites you to unwind to the gentle sound of nearby church bells, while the expansive rear deck overlooks a spacious backyard, perfect for gardening, entertaining, or simply savoring nature. Additional features include a convenient one-car garage for parking or extra storage, and a basement with a laundry area and space to keep your home organized. One of this property’s most exciting highlights is the large walk-up attic — brimming with potential! Whether you envision a home studio or playroom, the possibilities are endless. This home is ready to welcome you. Don’t miss your chance to experience its charm for yourself!
Courtesy: Howard Hanna Professionals
716-372-1155
Welcome to this spacious 6-bedroom, 3.5-bathroom colonial brick home, where elegance meets modern convenience! This home has a lot of potential, nestled in a charming neighborhood, this residence offers the perfect blend of spacious living, a great floor plan, and a prime location. As you step through the front door, you'll be led to the kitchen and expansive family room with a wood-burning fireplace and a sliding glass door that opens to a sprawling deck overlooking the fully fenced yard. With some finishing touches this home could be a real gem. The basement features two bedrooms, another spacious living area, and easy access to the backyard. Upstairs, the primary suite offers a private retreat. With vinyl flooring throughout most of the home, an updated heating system, and a great location close to schools and amenities, this home is a must-see – blending classic charm with modern living in a welcoming community. Welcome home!
Courtesy: Real Estate Pros & More
716-372-7100
Discover this fantastic opportunity on a convenient neighborhood street! This inviting 3-bedroom home offers all bedrooms on the second floor, a full bath conveniently located on the first floor, and a 2-car detached garage with a concrete driveway plus an extra drive close to the house. Nestled on a generous 1/3-acre double lot, this property provides plenty of outdoor space for gardening, play, or even future expansion. Ready for your personal touch, this home offers a perfect canvas for cosmetic updates to make it truly yours. Enjoy the convenience of walking distance to schools, shops, and local amenities.
Courtesy: Howard Hanna Professionals
716-372-1155
Welcome to this charming East Olean gem, perfectly situated on the corner of Paragon Ave and Front St! This inviting 3-bedroom home is an ideal blend of comfort and potential, whether you’re looking for your first home or a fantastic investment property. Step inside to discover gleaming hardwood floors that bring warmth and character to the main living areas. The heart of the home is a beautifully bright sunroom filled with natural light streaming through brand-new windows. It’s the perfect spot to enjoy a morning coffee, relax with a good book, or entertain friends. The kitchen and adjoining dining area provide a cozy space for meals, while the attached one-car garage offers convenience and added storage. Outside, you’ll find a quaint yard, ideal for gardening, grilling, or a little outdoor playtime. With its charming layout, thoughtful updates, and unbeatable location, this East Olean home won’t last long. Don’t miss your chance to make it yours!
Courtesy: Premier Listings Real Estate
716-379-8383
Nestled above the city with stunning views from the front porch, this charming 3-bedroom, 1.5-bath home is move-in ready and full of character. The spacious kitchen boasts newer stainless steel appliances and opens up to a formal dining room that flows into a large living room, creating an inviting, open-concept feel. A convenient half bath is located just off the kitchen and garage. Throughout the home, original hardwood floors in all bedrooms add warmth and character, while a whole house fan keeps the space cool during warmer months. The full basement offers endless possibilities for additional living space—whether you're looking to create a home gym, workshop, or entertainment area. Outside, the generous yard features established vegetable garden beds, a large deck perfect for outdoor dining or relaxation, and plenty of space for all to play. With its combination of city convenience, ample living space, and outdoor appeal, this home is the perfect place for a vibrant urban lifestyle.
