The invention discloses an optical low-noise block downconverter, multi-dwelling unit equipment and a related satellite television system. The optical low-noise block downconverter comprises a first downconversion circuit, a second downconversion circuit, an oscillator, a first light emitter and a second light emitter, wherein the first downconversion circuit is used for performing downconversion and filtering processing on a first polarized signal input into the optical low-noise block downconverter to output a first intermediate frequency signal; the second downconversion circuit is used for performing the downconversion and filtering processing on a second polarized signal input into the optical low-noise block downconverter to output a second intermediate frequency signal; frequency bands of the first and second intermediate frequency signals are the same; the oscillator is coupled to the first and second downconversion circuits, and is used for generating an oscillation signal and outputting the oscillation signal to the first and second downconversion circuits; the first light emitter is coupled to the first downconversion circuit, and is used for converting the first intermediate frequency signal into a first optical signal; and the second light emitter is coupled to the second downconversion circuit, and is used for converting the second intermediate frequency signal into a second optical signal. The optical low-noise block downconverter, the multi-dwelling unit equipment and the related satellite television system reduce the cost.