Olean Homes under $200,000

Olean Homes under $200,000

Welcome to Olean, New York, a charming city nestled in the heart of Cattaraugus County. Known for its rich history and welcoming community, Olean offers a delightful blend of small-town charm and modern conveniences. With its picturesque landscapes and close-knit neighborhoods, this city is an ideal place for families, professionals, and retirees alike.

Olean is steeped in history, with roots dating back to the 19th century. The city boasts a vibrant downtown area filled with local shops, restaurants, and cultural attractions. Outdoor enthusiasts will appreciate the abundance of parks and recreational opportunities, including hiking trails, fishing spots, and nearby Allegany State Park, perfect for weekend adventures.

For those seeking affordable housing options, Olean presents an enticing opportunity. With homes available for under $200,000, you can find a variety of properties that cater to different lifestyles and preferences. Whether you’re looking for a cozy starter home, a charming bungalow, or a spacious family residence, Olean has something to offer everyone. The city's real estate market is diverse, featuring both historic homes with character and modern builds that provide comfort and convenience.

Living in Olean means enjoying a slower pace of life while still having access to essential amenities and services. The friendly residents and strong community spirit make it easy to feel at home. If you're considering a move to Olean, you'll discover a city that truly embodies the essence of New York living, all while keeping your budget in mind. Explore your options today and find your perfect home in this delightful city!

Newest Olean Homes under $200,000

135 Fulton Street, Olean
$45,000
4 Beds ⋅ 2 Baths ⋅ B1717783 MLS
Looking for an investment opportunity? This fixer upper has a lot to offer. This single-family home can be easily transformed into a multi-family home which offers a second entrance to the upstairs. The first level offers a spacious kitchen, a formal dining room, and a cozy family room. The second level features three good sized bedrooms, as well as a space with a gas hook up which would be perfect for a second kitchen for a multi-family option. There are full bathrooms on each level. This property is priced to move fast, so don't delay! All offers are due on Sunday October 4, at 11am.

135 Fulton Street, Olean
131 S Clinton Street, Olean
$149,000
3 Beds ⋅ 2 Baths ⋅ R1716588 MLS
Welcome to this spacious 3-bedroom, 1.5-bath home in Olean, offering a great combination of classic character, comfortable living space, and a fully fenced backyard. With hardwood floors, pocket doors, multiple living areas, and plenty of natural light, this home has a lot to offer inside and out. The first floor features an eat-in kitchen with large windows overlooking the back deck and yard, creating a bright and inviting space. A formal dining room provides plenty of room for gatherings, while both a living room and separate family room offer flexibility for everyday living and entertaining. You'll also find an office surrounded by plenty of windows, making it an ideal spot to work from home or create a bright sitting room. A convenient half bath completes the first floor. Hardwood floors and classic pocket doors add to the home's original character. Upstairs are three bedrooms, a full bathroom, and the convenience of dedicated second-floor laundry, keeping everything together on one level. Outside, enjoy a fully fenced backyard with a back deck that's perfect for relaxing, entertaining, or enjoying the warmer months. A detached one-car garage and large carport provide additional covered parking and storage. With multiple living spaces, a home office, second-floor laundry, and a fenced yard, this home offers a functional layout with plenty of space to make your own.

131 S Clinton Street, Olean
130 N 21st Street, Olean
$129,000
2 Beds ⋅ 1 Baths ⋅ B1715146 MLS
Charming Single-Family Home with Lots of Potential! Welcome to this single family home located in a highly desirable, quiet neighborhood. This home currently features 2 bedrooms, with the distinct possiblity to easily convert an additional small room downstairs into another bedroom. Some gorgeous wood flooring in some of the rooms downstairs as well as the bedrooms upstairs. Enjoy your own private retreat in the nice, fully fenced-in yard-perfect for pets, children, gardening, or hosting weekend barbecues. Back porch/deck has composite flooring. Situated close to schools, shopping and dining. Whether you are a first time homebuyer, looking to downsize, this home offers the perfect canvas. Come check out what this home has to offer!

130 N 21st Street, Olean
129 S 11th Street, Olean
$189,900
3 Beds ⋅ 2 Baths ⋅ R1714496 MLS
Welcome to this beautifully updated 3-bedroom, 1.5-bath home located in West Olean. Fully remodeled from top to bottom, this property offers modern finishes, functional space, and true move-in-ready convenience. The first floor features a spacious living room and an additional family room, providing ample space for both relaxation and entertaining. The bright eat-in kitchen has been completely renovated, featuring brand-new appliances, updated cabinetry, and fresh finishes throughout. A convenient first-floor laundry room and updated half bath add to the home’s practicality. Upstairs, you’ll find three comfortable bedrooms and a fully renovated full bathroom. Throughout the home, you’ll appreciate all-new flooring, fresh paint, and a beautifully updated kitchen and bathrooms that give the entire property a clean, modern feel. Outside, the improvements continue with a refreshed yard offering great space for outdoor enjoyment, along with a 2-car detached garage for parking and additional storage. If you’re looking for a turnkey home in West Olean with all the updates already done for you, this one checks all the boxes.

129 S 11th Street, Olean
813 W Sullivan Street, Olean
$49,900
3 Beds ⋅ 2 Baths ⋅ R1711806 MLS
Located in the City of Olean, this multi-unit duplex features off-street parking and two currently vacant apartments, giving the new owner flexibility when selecting tenants. Interior will be in need of some repair. The roof was replaced in 2021 by the previous owner. The lower unit offers 2 bedrooms, a double living room area, a small kitchen, and a bathroom located toward the back of the unit. The upper unit includes 1 bedroom, 1 bathroom, a living room, and a small kitchen. Centrally located with convenient access to local amenities, this property offers a practical option for rental use or owner occupancy.

813 W Sullivan Street, Olean
1297 Kamery Road, Olean
$169,900
2 Beds ⋅ 1 Baths ⋅ R1711943 MLS
Welcome to this charming ranch-style home situated on over half an acre in the Town of Olean! Offering the ease and convenience of one-floor living, this home features 2 bedrooms, 1 full bathroom, a spacious living room, dedicated dining room, and first-floor laundry. The functional layout provides comfortable living space throughout, with the living room offering a welcoming place to relax and the dining room providing plenty of room for everyday meals or entertaining. Both bedrooms, the full bathroom, and laundry are conveniently located on the main level, making day-to-day living simple and efficient. The full basement offers an abundance of additional space for storage, a workshop, hobbies, or the potential for additional usable space. Outside, the property sits on over half an acre, providing a spacious yard with plenty of room to enjoy. A back patio creates a great spot for grilling, outdoor dining, entertaining, or simply relaxing and enjoying the surroundings. Completing the property is a detached 2-car garage with plenty of room for vehicles, lawn equipment, tools, and additional storage. With its convenient ranch-style layout, first-floor laundry, full basement, generous yard, back patio, and detached garage, this Town of Olean home has plenty to offer its next owner!

1297 Kamery Road, Olean
306 Wayne Street, Olean
$134,900
4 Beds ⋅ 2 Baths ⋅ R1711120 MLS
Great opportunity to add a move-in-ready duplex to your investment portfolio! Recently updated throughout, this property features all-new flooring and offers two separate units, each with its own private covered porch. Both units are currently vacant, giving the new owner a rare opportunity to start fresh—select your own tenants, set your own rental terms, or take advantage of the flexibility to live in one unit while renting the other. With the updates already completed and no existing leases to inherit, this property is ready for its next chapter. Whether you're looking to expand your rental portfolio or get started with owner-occupied investment property, this Olean duplex offers versatility, convenience, and excellent potential. Don't miss the opportunity to make it yours!

306 Wayne Street, Olean
504 W Henley Street, Olean
$149,900
3 Beds ⋅ 2 Baths ⋅ B1710753 MLS
Welcome home to this beautifully updated 3-bedroom house that blends classic character with extensive modern improvements. Step inside and you’ll immediately notice the gorgeous original woodwork complemented by newer flooring, updated lighting, and fresh finishes throughout. The completely renovated kitchen is a standout, featuring high-end fixtures, solid-surface countertops, soft-close cabinetry hardware, and a polished, modern look designed for everyday living and entertaining. Upstairs, the full bathroom was completely gutted and rebuilt with stylish finishes and the added comfort of a heated floor. The main level features high-end luxury vinyl plank flooring and was professionally painted throughout prior to the current owners moving in. Additional improvements include updated light fixtures throughout the home, a new hot water heater, and an exterior that was freshly painted just last year. The home also features 22 vinyl double-hung windows, helping bring in plenty of natural light. Need extra space? The finished third-floor bonus room has been painted and carpeted, including the staircase, creating an excellent option for a home office, playroom, hobby space, guest area, or private retreat. Additional conveniences include first-floor laundry off the kitchen and a bonus room/family room situated between the living and dining rooms. Outside, enjoy a fenced backyard with a deck and stamped patio—perfect for relaxing, entertaining, pets, or summer gatherings. A garage with an automatic opener adds even more convenience. With substantial renovations already completed and plenty of versatile living space, this property offers the character of an established Olean home with many of the updates today’s buyers are looking for!

504 W Henley Street, Olean
947 N Union Street, Olean
$159,900
6 Beds ⋅ 3 Baths ⋅ R1710917 MLS
THREE UNITS, THREE LONG-TERM TENANCIES, AND WOODWORK YOU HAVE TO SEE Some multi-family properties are bought for the spreadsheet alone. This one gives you both — a solid set of numbers and a building people actually want to live in. THE CONDITION The property presents as well maintained throughout — looked after rather than merely occupied. All three units are in solid rentable condition today, with incredible woodwork throughout. WHAT HAS ALREADY BEEN DONE NEW SEWER LINE FROM THE STREET. If you have owned rental property in an older neighborhood, you know exactly what this is worth. It is among the most expensive and disruptive repairs a building of this era can face, and it is done. UPDATED ELECTRICAL PANELS. UTILITIES LARGELY SEPARATED by unit, keeping operating costs predictable and accountability clear. THE LAYOUT Three units, six bedrooms, and three baths in total. Each unit has its own porch—private outdoor space for each tenancy—and the upstairs unit has two. The front lower unit has its own laundry. The upper and rear units share a laundry area in the basement. THE INCOME PICTURE All three units are occupied under long-term tenancies, so the property produces income from day one rather than after a lease-up period. Current rents sit below market. That is deliberate, not an oversight: the income has room to move for a buyer who wants it, and the in-place figures are conservative rather than stretched. PLEASE NOTE, in the interest of a clean transaction: there is no off-street parking, and the owner currently pays electric and water for the lower front and rear units. AVAILABLE AS A PACKAGE These three units may be purchased together with a nearby duplex held by the same owner — a combined five units in a single transaction, with one seller and one closing timeline. Each property is a one- to four-unit residential building and can also be purchased individually. Buyers should confirm financing structure with their own lender.

947 N Union Street, Olean
600 W Henley Street, Olean
$169,900
3 Beds ⋅ 2 Baths ⋅ R1710331 MLS
Welcome home to this inviting 3-bedroom, 1.5-bath split-level home offering plenty of natural light, generous living spaces, and tons of storage throughout. The spacious living room features a cozy gas fireplace and flows nicely into the generously sized dining room, creating a comfortable space for everyday living and entertaining. The kitchen offers an abundance of cabinetry and plenty of prep space for those who love to cook. All three bedrooms are nicely sized, complemented by a full bath with convenient access to the main living areas. Step down from the kitchen to the next level, where you'll find a convenient wash room with a door leading directly to the patio. Enjoy your morning coffee, curl up with a good book, or simply relax in this private outdoor space. A one-car garage provides additional convenience, and just beyond the garage is a pleasant sunroom with access to the driveway—an ideal spot to enjoy the changing seasons. Basement host a nice recreation/family room with a wet bar. Laundry room. New roof. Located close to downtown and all its amenities, this home offers comfortable living with plenty of space, storage, and versatility.

600 W Henley Street, Olean
119 N 4th Street, Olean
$179,900
4 Beds ⋅ 2 Baths ⋅ R1710003 MLS
Charming curb appeal meets timeless character in this spacious 4-bedroom home, perfectly positioned with a welcoming front porch overlooking scenic Oak Hill Park, giving you a front-row seat to green space and neighborhood charm. Step inside through a warm, wood-accented foyer that sets the tone for what’s ahead. Gleaming hardwood floors and abundant original woodwork flow throughout much of the first floor, showcasing craftsmanship and warmth that are hard to find today. Cozy up by the gas fireplace, framed by beautifully preserved vintage tile that adds to the home’s distinctive character. The upgraded kitchen features Italian marble flooring, Magma Gold granite countertops, a floor-heating fan, a touch-control sink faucet, a premium Thermador stove, a gourmet range hood, a stainless-steel LG refrigerator, and a spacious kitchen island with a second sink. With four generously sized bedrooms and 1.5 baths, there’s plenty of room to spread out. Step outside onto the large back deck, ideal for entertaining or enjoying quiet evenings, overlooking a fully fenced yard with upgraded landscaping, perfect for pets, play, or gardening. Additional highlights include a one-car attached garage and a brand-new metal roof, providing added durability and peace of mind for years to come. This special home brings together timeless character, thoughtful upgrades, comfortable living spaces, and an exceptional location overlooking Oak Hill Park.

119 N 4th Street, Olean
312 N 11th Street, Olean
$99,900
4 Beds ⋅ 2 Baths ⋅ R1708435 MLS
Spacious and full of potential, this 4-bedroom, 2-bath home offers an exciting opportunity to make it your own. Step inside through the large front entryway, where a beautiful hardwood staircase creates a welcoming first impression. The living room is highlighted by two beautiful pocket doors that add character and charm. The property also features a generously sized yard, detached garage, two rear decks, and a covered front porch. Inside, you'll find plenty of living space along with a full basement and walk-up attic, offering abundant storage and possibilities for future use. With its generous size, classic details, versatile spaces, and numerous features, this home provides a great foundation for your ideas and personal touches. Come see all the possibilities this property has to offer!

312 N 11th Street, Olean
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