A microwave photonic frequency multiplier with low phase noise based on an optoelectronic oscillator (OEO) is proposed and experimentally demonstrated. In this scheme, a dual-parallel Mach–Zehnder modulator (DPMZM) is employed to generate the third-harmonic frequency of the input radio frequency (RF) signal, while the oscillation frequency of the OEO is also three times the RF signal frequency. By adjusting the bias voltages of different arms in the DPMZM, a triple-frequency signal with a high side-mode suppression ratio of 64.8 dB can be obtained. The experimental results indicate that the output of the frequency-multiplier has a better single-sideband phase noise value, for instance, −126 dBc/Hz@10 kHz at 20.019 GHz. It has improvements of 34 dB and 43.5 dB compared with the input RF signal and the simulated electrical frequency tripler module, respectively.