Providing a viewfinder optical system capable of obtaining given magnification and a given eyepoint, suitable for an SLR digital camera and an SLR camera, an optical apparatus equipped therewith, and a method for expanding observation. The viewfinder optical system M including an eyepiece optical system 15 for observing a real image of an object formed by an objective lens 11 through an erecting image forming member 14, the eyepiece optical system 15 consisting of, in order from the object along an optical axis, a double concave negative lens, a double convex positive lens, a lens, and a meniscus lens having a convex surface facing the object; an optical apparatus 10 equipped therewith; and a method for expanding observation.