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    201 E German St Herkimer, NY 13350

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    For Sale
    $500,000

    Five apartments across three parcels, ideal for short-term rentals.

    Lot size:
    0.31 Acres

    Property Features for 201 E German St

    General Information

    Lot size
    0.31 Acres

    Building Details

    Year built
    1900

    Source: Coldwell Banker Sexton Real Estate Agent Joseph A. McHarris

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Five-Unit Multifamily Investment Opportunity

    This offering presents an investment opportunity featuring three parcels with a total of five apartments. The property at 201 E. German St comprises a three-unit building, containing two one-bedroom units and one two-bedroom unit. The two-bedroom unit has been remodeled, furnished, and is currently operating as a short-term furnished rental, generating $1350 per month. Additionally, there is an updated and furnished one-bedroom rental, bringing in $1200 per month. The property at 203 E German St is a two-family dwelling with two, two-bedroom units, one of which is completely updated and furnished, currently generating $1600 per month from short-term renters. The property at 506 Willow Ave adjoins the other two properties and includes a garage, currently utilized for storage but with the potential for conversion into an additional rental unit. The sale includes all three properties, which will not be sold individually. The current owner has found success renting to visiting nurses, indicating a high demand for this type of accommodation. All apartments could be converted to this model to increase revenue.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    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
    Herkimer
    County
    Herkimer
    State
    New York
    Longitude
    -74.9893428
    Latitude
    43.0315932

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    FAQs

    What type of property is this?
    Apartment building - Five apartments across three parcels, ideal for short-term rentals.
    Where is this apartment building located?
    The property is located at 201 E German St Herkimer, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Investment opportunity with 5 total apartments across 3 parcels.; - Remodeled and furnished 2-bedroom unit generating $1350/month as a short-term rental.; - Updated and furnished 1-bedroom unit generating $1200/month.
    (315) 794-2075
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    201 E German St Herkimer, NY 13350
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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
    201 E German St Herkimer, NY 13350
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