Yes it is possible, although with the different version is MS Access historically available and number of historical OS (WIN XP, VISTA, WINDOWS 7/8/10) may vary. In order to get successful running of various version of MS Access on the same PC, you must install from oldest version to newest version in that order. Installing an older version when a newer version is installed will almost certainly break the newer version installation.
Therefore, if you want to run multiple versions and the newer version is already getting installed, then you must uninstall the newer version first. And then install the older version, and then reinstall the newer version. With the advent of virtualization, both the OS and application, there are other options available for running multiple version of MS Access.