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312 N 3rd Street, 
Olean, NY 14760

$139,900


8

Beds


4

Baths


5,616

Sq Ft


Multi-Family

Pending

Listed by

Paul Pezzimenti

Howard Hanna Professionals - Olean

716-372-1155

Last updated:

February 28, 2026, 08:36 AM

MLS#

R1657969

Source:

NY GENRIS

About This Home

312 N 3rd Street

Unlock a prime investment opportunity in the heart of the Oak Hill Historic District with this four-unit apartment building located directly across from Olean High School. This property features four spacious two-bedroom units and offers significant upside potential with current rents sitting well below market rates, allowing the next owner to capitalize on immediate value-add opportunities. A standout feature for investors is the fully separate utilities, with individual meters for gas, electricity, and water already in place to minimize owners' expenses. The building has been well-maintained overall, but its older roof presents a clear opportunity for capital improvements that align with potential future rent growth. Tenants will appreciate the convenience of off-street parking and the charm of private outdoor porch areas available with three of the units. The location offers the best of both worlds, situated on a quiet, historic street while remaining highly walkable to the shops, dining, and revitalization of downtown Olean.

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1910

Price Summary

139,900

$24 per Sq. Ft.

MLS #:

R1657969

Last Updated:

February 28, 2026, 08:36 AM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

5,616 Sq. Ft.


Structure

Structure

Architectural Style:

Fourplex

Building Area:

5,616 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

8,250


Finances & Disclosures

Finances

Price:

$139,900

Price per Sq. Ft:

$24 per Sq. Ft.

Source:NY GENRIS
The information being provided by New York State Alliance Of Mlss is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 New York State Alliance Of Mlss All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.