Melanie Pritchard
ERA Team VP Real Estate
(716) 403-3199
162 Total Sales
5 in Olean
$173K - $400K Price Range
312 N 3rd St Olean, NY 14760
Olean Area
8
Beds
4
Baths
5,616
Sq Ft
8,250
Sq Ft Lot
Highlights
- Wood Flooring
- Ceiling Fan
- Rectangular Lot
- Forced Air Heating System
- High Speed Internet
About This Home
As of April 2026Unlock 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.
Last Agent to Sell the Property
Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10301214758 Listed on: 01/13/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,041
Year Built
- Built in 1910
Lot Details
- 8,250 Sq Ft Lot
- Lot Dimensions are 55x150
- Rectangular Lot
Home Design
- Quadruplex
- Block Foundation
- Stone Foundation
- Siding
- Copper Plumbing
Interior Spaces
- 5,616 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Basement Fills Entire Space Under The House
- Washer Hookup
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- Parking Available
- Common or Shared Parking
Schools
- Washington West Elementary School
- Olean Middle School
- Olean Senior High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- PEX Plumbing
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- 4 Units
- 4 Separate Gas Meters
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 9
- Assessor Parcel Number 041200-094-057-0005-009-000-0000
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Olean, NY
-
Melanie Pritchard
-
Jerry Thompson
Jerry Thompson
Century 21 North East
(716) 687-0473
339 Total Sales
2 in Olean
$145,000 Price Range
-
Aimee Campbell
Aimee Campbell
Responds QuicklyEmpire Realty Group
(585) 565-5382
156 Total Sales
1 in Olean
$155,000 Price
-
Caitlin Croft
Caitlin Croft
Iconic Real Estate
(716) 221-8308
84 Total Sales
5 in Olean
$142K - $218K Price Range
-
Anthony Dubreville
Anthony Dubreville
Keller Williams Realty WNY
(716) 221-8737
108 Total Sales
1 in Olean
$26,000 Price
-
Jonas Willson
Jonas Willson
Genesee River Realty
(585) 648-5008
90 Total Sales
1 in Olean
$18,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $161,000 | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | Sold | $161,000 | +15.1% | $29 / Sq Ft |
| 01/29/2026 01/29/26 | Pending | -- | -- | -- |
| 01/13/2026 01/13/26 | For Sale | $139,900 | 0.0% | $25 / Sq Ft |
| 12/18/2017 12/18/17 | Rented | $500 | 0.0% | -- |
| 11/27/2017 11/27/17 | For Rent | $500 | -- | -- |
Source: Chautauqua-Cattaraugus Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,763 | $72,000 | $12,400 | $59,600 |
| 2024 | $4,552 | $72,000 | $12,400 | $59,600 |
| 2023 | $2,711 | $72,000 | $12,400 | $59,600 |
| 2022 | $2,750 | $72,000 | $12,400 | $59,600 |
| 2021 | $2,829 | $72,000 | $12,400 | $59,600 |
| 2020 | $2,849 | $72,000 | $12,400 | $59,600 |
| 2019 | $1,081 | $72,000 | $12,400 | $59,600 |
| 2018 | $3,884 | $72,000 | $12,400 | $59,600 |
| 2017 | $2,918 | $72,000 | $12,400 | $59,600 |
| 2016 | $2,887 | $72,000 | $12,400 | $59,600 |
| 2015 | -- | $72,000 | $12,400 | $59,600 |
| 2014 | -- | $72,000 | $12,400 | $59,600 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Pezzimenti
Seller's Agent in 2026
Paul Pezzimenti
Howard Hanna
(716) 378-7039
338 Total Sales
-
Regis Handley
Buyer's Agent in 2026
Regis Handley
Howard Hanna
(716) 307-9256
234 Total Sales
-
SN
Seller's Agent in 2017
Scott Napora
Real Estate Pros & More
Map
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1657969
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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