$209,900

221 North Prospect Street, Herkimer NY, 13350

Price per sqft$37.14

Built in1974

Property size5,652 sqft

Property typeCommercial

Overview

Active

Listed Sep 28, 2026

Updated 6 days ago

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, condition, existing income, and plenty of room for growth.

Additional information

MLS^® ID: S1718227

Interior Features

Bathrooms: 0
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.16 Acres

Other Property Details

Taxes: $4,969
Tax Frequency: Annually

Courtesy of Coldwell Banker Faith Properties, Sarah L. Roy

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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Claire Starusnak, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Data last updated 3:55 AM UTC, 10/5/2026