312 N 3rd Street, Olean, NY 14760

Local realty services provided by:HUNT Real Estate ERA
312 N 3rd Street,Olean, NY 14760
$139,900
  • 8 Beds
  • 4 Baths
  • 5,616 sq. ft.
  • Multi-family
  • Pending
Listed by: paul pezzimenti
Office: howard hanna professionals - olean
MLS#:R1657969
Source:NY_GENRIS

Price summary

  • Price:$139,900
  • Price per sq. ft.:$24.91

About this home

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,

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Home facts

  • Year built:1910
  • Listing ID #:R1657969
  • Added:16 day(s) ago
  • Updated:January 29, 2026 at 03:44 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:5,616 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1910
  • Building area:5,616 sq. ft.
  • Lot area:0.19 Acres

Schools

  • High school:Olean Senior High
  • Middle school:Olean Middle
  • Elementary school:Washington West Elementary

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$139,900
  • Price per sq. ft.:$24.91
  • Tax amount:$4,041

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