312 N 3rd St, Olean, NY 14760
SOLD
APR 27, 2026

312 N 3rd St
Olean, NY 14760

  • 8 Beds
  • 4 Baths
  • 5,616 sqft

$161,000

Last Sold: Apr 27, 2026
15% over list $140K
$29/sqft
Est. Refi. Payment $1,203/mo*
Refinance Your Home

$161,000

Last Sold: Apr 27, 2026
15% over list $140K
$29/sqft
Est. Refi. Payment $1,203/mo*
Refinance Your Home
8 Beds
4 Baths
5,616 sqft

Local Information

  • Map ViewExplore the area around 312 N 3rd St.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1910
Living Area
5,616 sqft
Price/Sqft
$29/sqft

About this House

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.
312 N 3rd St, Olean, NY 14760 is a 8 bedroom, 4 bathroom, 5,616 sqft multi-family built in 1910. It last sold for $161,000 on Apr 27, 2026 (15% above the $139,900 asking price). More recently, it was listed as a rental in September 2018 with an asking price of $500 per month. That rental listing was removed on September 7, 2018. It is currently off market. The Trulia Estimate is $159,800, with a rent estimate of $1,913/month.

Home Details for 312 N 3rd St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Full
Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 4Number of Bathrooms (full): 4
Dimensions and Layout
Living Area: 5616 Square Feet
Appliances & Utilities
Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water ConnectedAppliances: Gas Water HeaterLaundry: Washer Hookup
Heating & Cooling
Heating: Gas,Forced AirHas HeatingHeating Fuel: Gas
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Carpet, Hardwood, Laminate, Varies
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoFloors: Carpet, Hardwood, Laminate, Varies

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation: Block, Stone
Parking & Garage
Parking: Common,Parking Available,Two or More Spaces
Frontage
Road Frontage: City StreetNot on Waterfront
Water & Sewer
Sewer: Connected

Days on Market

Cumulative Days on Market: 14

Property Information

Year Built
Year Built: 1910
Property Type / Style
Property Type: ResidentialProperty Subtype: Quadruplex, Multi FamilyArchitecture: Fourplex
Building
Construction Materials: Composite Siding, Copper Plumbing, PEX Plumbing
Property Information
Condition: ResaleParcel Number: 04120009405700050090000000

Price & Status

Price
List Price: $139,900Price Per Sqft: $29/sqft
Status Change & Dates
Off Market Date: Tue Jan 27 2026Possession Timing: Close Of Escrow

Location

Direction & Address
City: Olean
School Information
Elementary School: Washington West ElementaryElementary School District: OleanJr High / Middle School: Olean MiddleJr High / Middle School District: OleanHigh School: Olean Senior HighHigh School District: Olean

Building

Building Area
Building Area: 5616 Square Feet

Community

Not Senior CommunityUnits in Building: 4

HOA

Association for this Listing: Chautauqua-Cattaraugus

Lot Information

Lot Area: 8250.264 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, FHA

Business

Expense
Tenant Pays: All Utilities

Miscellaneous

BasementMls Number: R1657969Living Area Range Units: Square FeetAttribution Contact: 716-378-7039Universal Property Id: US-36009-N-04120009405700050090000000-R-N
Last check for updates: about 1 hour ago
Listed by Paul Pezzimenti, (716) 378-7039
Howard Hanna Professionals - Olean
Bought with: Regis Handley, (716) 307-9256, Howard Hanna Professionals - Olean
Originating MLS: Chautauqua-Cattaraugus
Source: NYSAMLSs, MLS#R1657969

Price History for 312 N 3rd St

DatePriceEventSource
04/27/2026$161,000Sold
NYSAMLSs #R1657969
01/29/2026$139,900PendingNYSAMLSs #R1657969
01/13/2026$139,900Listed For SaleNYSAMLSs #R1657969
09/07/2018$500ListingRemovedAgent Provided
09/05/2018$500Listed For RentAgent Provided
01/17/2018$500ListingRemovedAgent Provided
11/28/2017$500Listed For RentAgent Provided

Market trends in Olean

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
66
4MoM
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Comparable Sales for 312 N 3rd St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
212 N 3rd St, Olean, NY
0.14
Multi-Family Home
$210,000
08/15/25
8
3
4,658
412-14 Laurens St, Olean, NY
0.18
Multi-Family Home
$130,000
08/07/25
5
4
4,369
315 Laurens St, Olean, NY
0.21
Multi-Family Home
$195,000
02/06/26
4
3.5
4,621
602 W Sullivan St, Olean, NY
0.16
Multi-Family Home
$150,000
08/12/25
4
4
3,800
204 N Barry St, Olean, NY
0.35
Multi-Family Home
$155,000
12/01/25
8
5
2,950
316 N 2nd St, Olean, NY
0.07
Multi-Family Home
$94,000
07/09/26
4
3
2,033
135 N 6th St, Olean, NY
0.30
Multi-Family Home
$140,000
09/12/25
6
2
2,957
314 N 2nd St, Olean, NY
0.07
Multi-Family Home
$156,000
07/09/26
5
-
5,700
301 Coleman St, Olean, NY
0.28
Multi-Family Home
$84,900
04/17/26
4
3
2,764

Nearby homes

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Assigned Schools

These are the assigned schools for 312 N 3rd St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Olean

At least 74 Trulia users voted on each feature.

  • 88 % Say there are sidewalks

  • 87 % Say yards are well-kept

  • 87 % Say it's dog friendly

  • 83 % Say parking is easy

  • 79 % Say there's holiday spirit

  • 78 % Say car is needed

  • 74 % Say kids play outside

  • 73 % Say it's walkable to restaurants

  • 72 % Say it's walkable to grocery stores

  • 68 % Say streets are well-lit

  • 63 % Say people would walk alone at night

  • 61 % Say there's wildlife

  • 55 % Say neighbors are friendly

  • 51 % Say it's quiet

  • 43 % Say they plan to stay for at least 5 years

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Anonymous
    "There are not many kids in the neighborhood and no kid friendly parks within 10 minutes."
    0
    Flag
  • Treshina Parks
    "There is a dog park. There are two spaces and they are separated by a fence. And people are very respectful. "
    0
    Flag
  • Kcchase5
    "I do not own a dog. But I see the dogs being walked around town and in the parks. As long as they are calm and not aggressive. "
    0
    Flag
  • Trulia User
    "what kind of education and attention their getting from school! Its beat to know what kind of ppl their hanging around, role models and inspiring ppl!"
    0
    Flag
  • Susan.kriner
    "We’re close to many public events at War Vets Park and Bradners Stadium. Too many to list! Far enough away to hear the echo’s but not have it overwhelmingly take over our daily life. "
    2
    Flag
  • Kristin B.
    "This is a great place to live and raise your kids. Police patrol regularly in crime is low. Recreational activities available as well"
    0
    Flag
  • Kristin B.
    "Recreational programs offered like ice skating, sports events, youth sport sign ups. Police patrol through the city often"
    0
    Flag
  • Kristin B.
    "I lived here for 10 years and it’s a great place to raise kids. House prices are reasonable and there is a heavy police presence protecting the area all the time"
    2
    Flag
  • Skbb18
    "Strollean - big fun party. Local breweries. Great fireworks. Cutco visitor’s center. Lots of parks. Beef and barrel restaurant."
    0
    Flag
  • Corinne Q.
    "Dogs are being walked all the time. The neighborhood is quiet and peaceful. There are sidewalks which are well maintained and neighbors are friendly. "
    0
    Flag
  • Katlyn L.
    "Incredibly walkable, which is great for teenagers and people without cars. Some areas are not great traffic wise but that's to be expected."
    1
    Flag
  • TZ
    "I just moved out of the city but lived there in my last house for ten years. My neighbors became my friends. We helped each other and looked after each other. Everyone on our block maintained their homes and yards well. It was a great West End neighborhood. Plus, it was convenient to everything - grocery, bank, gym, restaurant, movie and even the liquor store!"
    0
    Flag
  • Kelly
    "Restaurants, groceries and retail shops all within easy walking distance but with the river nearby there is a country-feel too"
    0
    Flag
  • Robert W.
    "I have lived here for almos 40 years and have never encountered neighbors like these. These neighbors drive past our house blowing their horns at obscene hours of the day, they tell obscenities at me and my mother and claim they are "vigilantes" carrying out "mob rule." We have had enough of the harassing comments, destruction of our property, and the camera pointed off their house and into my bedroom. Someone moving into Fountain Street beware."
    14
    Flag
  • Bob K.
    "there are many families and many grandparents in this neighborhood. There is a nice playground with ballground and basketball hoop. The park has a spotlight to illuminate at night ."
    0
    Flag
  • Karri E. J.
    "I work and live here. It's a great place to either retire or raise children. Downtown is only a couple of blocks away. The library is located a block away. "
    1
    Flag
  • Saadzmirza
    "A nice neighborhood with friendly people and scenically overlooks the Olean Metro Area. Some notable Olean residents live here."
    1
    Flag

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Apartments for Rent

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Explore by feature - Air Conditioning

6 rentals with air conditioning in Olean, NY

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Homes for sale near 312 N 3rd St

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Off Market Homes Near 312 N 3rd St

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Broker’s Firm Name. Listing Data last updated at 2026-08-06 11:58:57 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.