221 N Prospect Street, Herkimer, NY 13350

Herkimer
Local realty services provided by:ERA Team VP Real Estate
221 N Prospect Street,Herkimer, NY 13350
$209,900
Virtual Tour
  • 5 Beds
  • - Baths
  • 5,652 sq. ft.
  • Multi-family
  • Active
Listed by: sarah l. roy
Office: coldwell banker faith properties
MLS#:S1718194
Source:NY_GENRIS

Price summary

  • Price:$209,900
  • Price per sq. ft.:$37.14

About this home

Excellent investment opportunity in a convenient location! This well-maintained five-unit apartment building offers a desirable mix of units, including three one-bedroom apartments, one studio, and one two-bedroom apartment. The property features a relatively new roof and has been well cared for, making it an appealing addition to any investment portfolio.All five units are currently rented, providing immediate income, while the current rents offer significant upside potential for a new owner. With rents positioned below current market potential, there is an opportunity to increase income and improve the property's overall cash flow over time.The location is hard to beat, with direct access to Herkimer College and all of the village's amenities within easy travel distance. Tenants also benefit from six dedicated parking spaces.Whether you're looking to expand your rental portfolio or seeking a property with strong potential to increase revenue, this five-unit property offers location,...

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Home facts

  • Year built:1974
  • Listing ID #:S1718194
  • Added:1 day(s) ago
  • Updated:September 29, 2026 at 12:42 AM

Rooms and interior

  • Bedrooms:5
  • Flooring:Hardwood, Laminate, Varies, Vinyl
  • Kitchen Description:Oven, Refrigerator
  • Basement:Yes
  • Basement Description:Full
  • Living area:5,652 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1974
  • Building area:5,652 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Near Public Transit, Rectangular, Residential Lot
  • Construction Materials:Copper Plumbing
  • Levels:2 Stories

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$209,900
  • Price per sq. ft.:$37.14
  • Tax amount:$4,969

Features and amenities

  • Appliances:Free Standing Range, Oven, Refrigerator

Parking

  • Parking description:No Garage, Two Spaces

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