You can, but it's not like what you think. Overclocking a CPU can be done two ways: up the multiplier or (and) up the BCLK (front side bus speed). The non-K chips have the multiplier locked down, so the only way you can overclock is by changing the BCLK, which is 100Hz by default.
So for example if your chip runs at 3.2GHz, that means the multiplier is at 32 (32x100MHz=3.2GHz). The only thing you can do is up that BCLK to maybe 105. However, that would at best only get you 3.36GHz. And a BCLK that high would be pushing it since it also affects the speed of the memory and PCIe bus lanes. I've pushed mine to 103MHz experimenting and it ran fine. There's a reason the K-series chips cost more. Also you need a more expensive Z-series...