Olean Homes under $400,000

Olean Homes under $400,000

Welcome to Olean, New York – a hidden gem nestled in the heart of Cattaraugus County. Known for its rich history and vibrant community spirit, Olean offers a charming blend of small-town warmth and modern amenities. This picturesque city is surrounded by the stunning landscapes of the Allegheny Mountains, making it an ideal location for nature lovers and outdoor enthusiasts. With its proximity to beautiful parks, hiking trails, and the scenic Allegheny River, Olean is a haven for those who appreciate the great outdoors.

Olean boasts a diverse range of homes, with many options available for under $400,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find an array of properties that cater to your needs. From cozy bungalows to spacious family homes, the real estate market here offers something for everyone. Many homes feature charming architectural details, expansive yards, and easy access to local amenities, ensuring that you can enjoy the best of what Olean has to offer.

The city is also home to a thriving arts scene, with local galleries, theaters, and community events that foster a sense of belonging. With excellent schools, friendly neighborhoods, and a variety of dining and shopping options, Olean is not just a place to live, but a place to thrive. Explore the opportunities that await you in Olean, where your dream home is just a step away!

Newest Olean Homes under $400,000

417 York Street, Olean
$239,000
4 Beds ⋅ 3 Baths ⋅ R1720009 MLS
Welcome home to this beautiful 3-4 bedroom Colonial featuring 2.5 baths and timeless character throughout. Gorgeous hardwood floors add warmth and charm to the main living spaces, while the welcoming front entrance creates an inviting first impression. The spacious living room includes a comfortable den , perfect for a home office , reading room , or a quiet retreat. The third floor offers versatile additional living space , complete with a full bath, making it ideal for quests, a private suite, or a fun hangout space for the kids. With plenty of room, classic colonial charm , and move-in-ready condition, this home offers the perfect blend of character, comfort , and flexibility for today's lifestyle.

417 York Street, Olean
2840-2850 Mcduffy Road, Olean
$349,900
1 Beds ⋅ B1719487 MLS
Positioned on 3.73 acres, 2840–2850 McDuffy Road presents a compelling opportunity to acquire a fully rented, professionally managed residential investment featuring an apartment complex and a single-family home. Generating more than $7,500 in monthly rental revenue, this turnkey operation reflects the owners’ substantial efforts to improve the property and establish a reputable apartment community. Management by On Point Property Management provides established operational support, while numerous capital improvements strengthen the property’s appeal. Updates include various remodeled studio units, all-new appliances in the studio units, a newer hot water system, a Health Department-approved water treatment system, and landlord-controlled thermostats. The single-family home and garage feature new roofs, and the apartment building’s roof is less than 10 years old. Common coin-operated laundry adds convenience for residents and an additional potential revenue source for ownership. With full occupancy, established rental income, and meaningful improvements already completed, this offering deserves serious consideration from investors seeking to expand their residential portfolio. Financial records are available upon request for review of income, expenses, and operating performance. The single-family home and apartment complex must be purchased together, providing one cohesive investment opportunity with established management and income in place. Current rents are as follows: Unit #1: $800/month. Unit #2: $700/month. Unit #3: $850/month. Unit #4: $700/month. Unit #5: $700/month. Unit #6: $800/month. Unit #7: $700/month. Unit #8: $600/month. Unit #9: $700/month. Single Family Home (2840 McDuffy Road): $1,000/month plus utilities. Taxes and assessed value include both properties.

2840-2850 Mcduffy Road, Olean
109 Jefferson Street, Olean
$49,900
3 Beds ⋅ 2 Baths ⋅ S1719702 MLS
Colonial in town close to everything. Many updates. House built in 1962. Needs TLC inside. Owner still lives there. Roof, electrical, plumbing and water heater all up to date.

109 Jefferson Street, Olean
1941 Windfall Road, Olean
$259,000
1 Beds ⋅ 1 Baths ⋅ R1716615 MLS
Executive meets contemporary style in this distinctive home located directly across from the Bartlett Country Club Golf Course! Vaulted Ceilings, Skylights and plenty of Natural Light create a bright, open atmosphere, while the galley kitchen flows into the living/dining area with sliding glass doors leading to a huge upper deck. Relax beneath the pergola, grill, entertain or simply enjoy the peaceful, park-like setting overlooking a spacious backyard that leads toward the woods, where deer, rabbit, fox and even the occasional bear may wander through. There's plenty of room for gardening, outdoor activities and evenings gathered around the fire pit! Inside, the original second bedroom was incorporated into a luxurious oversized primary bath & walk-in closet featuring a 2-person tiled walk-in shower, jetted tub, dual sinks and more. Laundry can also be added within that area if convenient first-floor living is desired. An attached garage completes the main level amenities. Most everything's been done for you! Roof, siding, windows, gutters, on-demand hot water system. The kitchen was completely redone 6 years ago and all appliances are only 5 years old. The full walk-out basement offers tremendous potential and the seller has just recently prepped the floors to put down whatever you'd like for finishing. They envisioned an additional bedroom and bath on one side and a TV/family room on the other, but you can create the space that best fits your lifestyle! Walk-out doors lead directly to the patio and spacious backyard, plus an enclosed bonus room off the patio was previously used as an office/workshop. With exceptional outdoor living, abundant natural light, golf course views and room to expand, this contemporary home offers a lifestyle and setting you won't find every day!

1941 Windfall Road, 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
768 Main Street, Olean
$219,900
4 Beds ⋅ 2 Baths ⋅ R1716428 MLS
Welcome to this spacious 4-bedroom, 2-bath home on Main Street in Olean, conveniently located near Bartlett Country Club. Filled with classic character and offering plenty of room throughout, this home features hardwood flooring, a fireplace, generous living spaces, and an impressive amount of storage. The first floor offers a welcoming living room centered around a fireplace, a dedicated dining room, and a functional kitchen with an additional bonus room just off the back. This versatile space could serve as a mudroom, hobby area, additional storage, or whatever best suits your needs. A full bathroom and a bright office/sunroom complete the first floor, providing additional flexibility for working from home or creating a comfortable sitting area. Upstairs you'll find four bedrooms along with a second full bathroom. Need more storage? A full walk-up attic provides plenty of additional space and easy access. The home also features a full basement with a walkout to the exterior, adding even more usable space and convenient access. Outside, the detached two-car garage provides room for vehicles, tools, and equipment, plus its own walk-up second level for additional storage. From the hardwood floors and fireplace inside to the full basement, walk-up attic, and oversized storage options, this home offers the space and flexibility that can be hard to find—all in a convenient Olean location.

768 Main 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
107 Garfield Court, Olean
$219,900
3 Beds ⋅ 2 Baths ⋅ R1714209 MLS
Three Floors of Character at the End of a Seneca Heights Cul-de-Sac The street ends at your front door. That's the first thing you notice: no through traffic, no hurry, just a private little pocket of Seneca Heights where the pavement runs out and the yard begins. And what a yard. It's genuinely larger than what this neighborhood usually offers, the kind of space that makes you start sketching out garden beds and fire-pit corners before you've even walked inside. Step in and the floors tell you someone has cared for this house. The hardwood has been recently refinished, and it glows. There's a formal dining room, a real one, the kind that makes a holiday dinner feel like an occasion, and it opens directly onto the back deck, so the party spills outside without anyone crossing the kitchen. When the weather turns, the natural gas fireplace takes over, and the whole house settles into that warm, close, mid-winter comfort that no supplemental heater has ever managed. The kitchen is a legitimate retro gem. Bold, original, full of personality, a space with a point of view. Keep it as the conversation piece it already is, or make it your own later. Upstairs, you'll find two bedrooms and a fully and tastefully remodeled bathroom. One of those bedrooms began life as two, and a previous owner opened it up into a single generous space, a nice bonus for anyone wanting room to stretch out, and an easy path back to a fourth bedroom for anyone who'd rather have the door count. It also has a surprisingly great view out of the windows that might remind you of a Hallmark movie. Then the third floor, which is the real surprise: a private top-level retreat with a large walk-in closet, ready to serve as a primary suite tucked well away from the rest of the house. Add the attached one-car garage, Magnano Park just around the corner, and downtown close enough to walk, and you have the combination that almost never shows up together: character, location, and the practical stuff that actually makes a house livable

107 Garfield Court, 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
2982 Buffalo Street Ext., Olean
$339,000
2 Beds ⋅ 2 Baths ⋅ B1697588 MLS
OUTDOORSMAN WELCOME TO THIS TWO STORY CHARMING CHALET PERCHED ON A HILLTOP 1309 SQ. FEET WITH 51.9 COMPLETELY WOODED ACRES WITH SPRAWLING LOWER DECK, SOUTH WESTERLY VIEWS, COVERED UPPER DECK, SWIMMING POOL, KNOTTY PINE INTERIOR, TWO STORY 34X28 BARN/GARAGE/WORKSHOP, SHED, FREE GAS, AND THE VIEWS YOU NEED RIGHT NOW, TOWN OF OLEAN, CLOSE TO THE CITY LINE...Only two owners, this property is currently a part-time residence, gently used, like new and beautiful inside. Well thought out and planned for comfort on both levels. Everyone from all ages and family pets will just love it here! From the driveway enter onto a decked tiered walkway. Entryway laundry with cabinets and storage closet, beautiful bright kitchen with oak cabinetry, higher cabinets and built-in pantry drawers for all of your storage needs, tile countertops-well done, your family or guests can join you at the built-in bar. All the views you are looking for out every window. Vaulted ceilings throughout make these space feel grand. Living room and dining room to front deck with 2 sets of sliding glass doors with the best breezes and views. First floor bedroom with large closet connects to full bath with tub. First floor living space is open to the lower level with beautiful pine stairs and wrought iron railing. Open the french doors to lower well-maintained sprawling deck, and heated swimming pool. Split the basement space for family room/gym/office or make it a gathering space for everyone with comfortable furnishings. Corner woodstove will keep your basement and upper level comfortable. The basement bedroom/guest bedroom has large closet and ensuite bath with stand up shower/storage. Ultility room is fully equipped with mechanicals for the home with added storage/shelving and freezer space. Maintain your driveway and live here year around or enjoy for three seasons like the current owners do. It will be difficult to say good bye but it is time for new owners to reap the enjoyment and rewards this property has to offer. And did I mention the view? All wheel drive better, 4 wheel drive best. Please no drive-bys. Preapproved buyers only please. This is a must see!!

2982 Buffalo Street Ext., 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
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