221 N Prospect Street, Herkimer, NY

Others for Sale - $209,900 - 5,652 Sq. Ft.


Agent Info

Sarah Roy
Coldwell Banker Faith Properties

Property Info

CIMLS#1197165
Location
  221 N Prospect Street
  Herkimer NY 13350
UpdatedOctober 6th, 2026
TypeOthers
Price$209,900
Building5,652 Sq. Ft.

Property 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.


Financials


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