221 N Prospect Street
Herkimer, NY 13350
5
Bed
0
Bath
5,652Sqft
0.16Acre(Lot)
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 ben
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Room Information
Has Basement: Yes Basement: Full -
Flooring Information
Hardwood, Laminate, Varies, Vinyl -
Roofing Information
Asphalt -
Interior Features
Natural Woodwork Roof: Asphalt Appliances: Free-Standing Range, Gas Water Heater, Oven, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air
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Building Information
Year Built: 1974 Building Area Total: 5652 Construction Materials: Aluminum Siding Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 58X105 Main Square Feet: 0.16 Acres Lot Size Acres: 0.16 Lot Size Square Feet: 6930 Lot Description: Near Public Transit, Rectangular Lot
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Listing Price Information
Listing Price: $209900 Cash
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Tax Information
Parcel Number: 213001-120-025-0001-004-000-0000 Tax Lot: 4 Annual Tax: $4969
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Parking Information
No Garage
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Utility Information
Cable Available, Sewer Connected, Water Connected -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 231 Eatonville Road, Herkimer, NY, 13350 | $249,500 | 2 | 1 | 1,203 | 0.36 Acre |
| 232 Burt Road, Herkimer, NY, 13350 | $349,000 | 3 | 2 | 2,000 | 7.20 Acres |
| 104 E Smith Street, Herkimer, NY, 13350 | $126,000 | 3 | 1 | 1,410 | -- |
| 312 Suiter Street, Herkimer, NY, 13350 | $94,900 | 2 | 1 | 768 | 0.07 Acre |
| 101 Steuben Avenue, Herkimer, NY, 13350 | $199,900 | 4 | 2 | 1,725 | 0.18 Acre |
| 406 Lansing Street, Herkimer, NY, 13350 | $189,900 | 3 | 2 | 1,919 | 0.12 Acre |
| 15 S Park Place, Herkimer, NY, 13350 | $160,000 | 4 | 2 | 1,512 | 0.06 Acre |
| 11 S Park Place, Herkimer, NY, 13350 | $260,000 | 3 | 2 | 1,787 | 0.10 Acre |
| 431 Mohawk Street, Herkimer, NY, 13350 | $99,500 | 2 | 1 | 1,026 | 0.13 Acre |
| 111 N Bellinger Street, Herkimer, NY, 13350 | $169,900 | 4 | 3 | 1,442 | 0.08 Acre |
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ByOwner last updated this listing 10/01/2026 @ 10:34
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