We present the results of a search for the nature of ultraluminous X-ray source (ULX) X-3 in the nearby galaxy NGC 4258. We use archival data from XMM-Newton, Chandra, NuSTAR and HST observations. Total X-ray data analysed to find the model parameters of the system is indicative of a stellar mass black hole, ∼ 10 M , as the central compact object. Furthermore, analyses of the optical data from HST reveal two optical candidates with the 90 per cent confidence level of error radius of 0. 28. Assuming the optical emission is dominated by the donor star, both of these candidates are found to have spectral types that lie between B3−F1 with absolute magnitudes of M V ≈ -6.4. Moreover, the age and mass estimates for the candidates are found to be of 10 and 18 Myr and of 13 and 20 M , respectively.