High Quality Content by WIKIPEDIA articles! Olney is a neighborhood in the North Philadelphia section of Philadelphia, Pennsylvania, United States. It is roughly bounded by the Roosevelt Boulevard to the south, Tookany Creek to the east, Godfrey Avenue to the north, and the railroad right-of-way west of Sixth Street to the west. Although Olney is primarily a quiet residential neighborhood, portions do serve as major commercial centers for many surrounding groups. 5th Street has a Korean-American business district in the vicinity of Olney Avenue, and Hispanic businesses flourish in the southern reaches of the neighborhood.