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Listed price in listed location currency (USD).
$209,900

006

MLS® S1718227

Overview

Key Facts

Type Apartment
Levels Commercial Sale
Size 5652 sqft
Garage 
Maintenance Fees 
Taxes $4,969
Days Active 4
Approx. Age 1974
Avg. Price Per Sqft $37
MLS® Number S1718227

Property Address: 221 N Prospect St, Herkimer, NY, 13350-1908

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberS1718227
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1974
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas, Forced Air
A/C

Extras

Land and Building

Price History

Last Sold Price

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Appreciation

--

Avg. Days Listed

3 days

Today, For Sale for $209,900

For Sale · 3 days

$209,900

MLS® S1718227

4 days ago

Not Sold Yet

September 2026, For Sale for $209,900

For Sale · 3 days

$209,900

MLS® S1718227

4 days ago

Not Sold Yet

  • Sep 28, 2026, For Sale for $209,900

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