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    40 E River St Ilion, NY 13357

    Pending
    For Sale
    $199,900

    COMMERCIAL - Ilion, NY

    Property size:
    4,488 SF
    Lot size:
    0.12 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 40 E River St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 3, Bedroom 2, Bedroom 4, Basement, Bedroom 1
    Bedrooms
    4
    APN
    212801-120-037-0001-009-000-0000
    Parking features
    Garage
    Exterior features
    BlacktopDriveway, Fence
    Fencing
    Fenced
    Appliances
    ElectricWaterHeater, GasOven, GasRange, Refrigerator
    Size
    4,488 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Baseboard, Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1926
    Floors in Building
    3
    Number of units
    5
    Flooring type
    Varies, Laminate
    Building materials
    Cedar, ShakeSiding, CopperPlumbing
    Roof type
    Asphalt

    Faith Properties, Inc. (315) 447-1351 [email protected]

    Listing agent Edward J. Coffin Jr. (315) 735-2222 License #10301224193

    Listing date Nov 20, 2025

    MLS# S1609850 Listing URL

    Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated 5-Unit Apartment Building

    This 5-unit apartment building presents an investment opportunity with strong rental income. The property has been updated and features a new boiler installed in 2024. Rents include all utilities. Ample parking is available for tenants. The property is located in Ilion, NY. The building has a total area of 4,488 square feet and is situated on a 0.1212-acre lot. This turn-key investment offers reliable tenants and requires minimal maintenance, making it suitable for investors seeking an income-producing property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ilion
    County
    Herkimer
    State
    New York
    Longitude
    -75.032248
    Latitude
    43.016801

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    FAQs

    What type of property is this?
    Apartment building - Turn-key investment property with reliable tenants and strong rental income.
    Where is this apartment building located?
    The property is located at 40 E River St Ilion, NY.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Strong rental income from 5 units.; - Updated units.; - New boiler installed in 2024.
    (315) 735-2222
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    40 E River St Ilion, NY 13357
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 E River St Ilion, NY 13357
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