312 N 3rd Street Olean, NY 14760
- Added:
- Jan 13, 2026
- Days on Market:
- 77
- Last Refresh:
- Mar 31 at 11:06 pm
Property Features for 312 N 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 5, Basement, Bedroom 8, Bedroom 7, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 3
- Interior features
- CeilingFans
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 041200-094-057-0005-009-000-0000
- Size
- 5,616 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- TaxAnnualAmount
- 4041
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Laminate, Hardwood, Varies
- Building materials
- CompositeSiding, CopperPlumbing, PexPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Paul Pezzimenti License #10301214758 (716) 378-7039
Listing office Howard Hanna Professionals - Olean 410 Wayne Street, Mayville, NY (716) 372-1155
Listing date Jan 13, 2026
MLS# R1657969
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Four-Unit Multifamily Investment Opportunity
Located in the Oak Hill Historic District, this four-unit apartment building is situated directly across from Olean High School. The property features four two-bedroom units. There is potential for increased value, as current rents are below market rates. The building has fully separate utilities, with individual meters for gas, electricity, and water. The building has been well-maintained overall. Three of the units include private outdoor porch areas. Off-street parking is available. The property is located on a quiet, historic street and is walkable to the shops, dining, and revitalization of downtown Olean. The lot size is 0.1894 acres and the property size is 5616 square feet. The older roof presents an opportunity for capital improvements that align with potential future rent growth. This property is intended for use as a residential income property.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.43357
- Latitude
- 42.082186
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four 2-bedroom units near Olean High School with upside potential.
Where is this quadplex located?
The property is located at 312 N 3rd Street Olean, NY.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Four spacious two‑bedroom units in the Oak Hill Historic District, directly across from Olean High School.; Significant upside potential with below‑market rents, offering immediate value‑add opportunities.; Fully separate utilities (gas, electricity, and water) minimize owner expenses.
