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221 N Prospect Street, 
Herkimer, NY 13350

$209,900


5

Beds


—

Bath


5,652

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Sarah L. Roy

315-735-2222

Last updated:

October 3, 2026, 03:50 PM

MLS#

S1718194

Source:

NY GENRIS

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About This Home

221 N Prospect Street

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.

Home Facts

Multi-Family

5 Bedrooms

Built in 1974

Price Summary

209,900

$37 per Sq. Ft.

MLS #:

S1718194

Last Updated:

October 3, 2026, 03:50 PM

Added:

7 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Interior

Living Area:

5,652 Sq. Ft.


Structure

Structure

Building Area:

5,652 Sq. Ft.

Year Built:

1974


Lot

Lot Size (Sq. Ft):

6,930


Finances & Disclosures

Finances

Price:

$209,900

Price per Sq. Ft:

$37 per Sq. Ft.

Source:NY GENRIS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.