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Five-Unit Apartment Building
New
For Sale
$209,900

221 N Prospect Street, Herkimer, NY 13350

MultiFamily, Herkimer, NY

Property Size5,652 SF
Lot Size0.16 Acres
Price / SF$37.14
Days on Market2

Property Features for 221 N Prospect Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Rooms Bedroom 4, Bedroom 5, Basement, Bedroom 3, Bedroom 2, Bedroom 1
Parking features Garage
Interior features NaturalWoodwork
Exterior features GravelDriveway
Appliances FreeStandingRange, GasWaterHeater, Oven, Refrigerator
Lot features Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district Herkimer
Middle school district Herkimer
High school district Herkimer
Subdivision Herkimer-Village-213001
Standard status Active
APN 213001-120-025-0001-004-000-0000
Size 5,652 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 4969

Utilities

Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1974
Floors in Building 2
Number of units 5
Flooring type Vinyl, Laminate, Hardwood, Varies
Building materials AluminumSiding, CopperPlumbing, PexPlumbing
Roof type Asphalt
Listing Agency: Coldwell Banker Faith Properties · Coldwell Banker Real Estate
Listed By: Sarah L. Roy · License #40RO1105903
Added: Sep 28 Last Checked: Sep 29 at 3:06PM
MLS# S1718194

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

At 221 N Prospect Street in Herkimer, this 5,652-square-foot apartment property contains five units: three one-bedroom apartments, one studio, and one two-bedroom apartment. All five are rented. Built in 1974, the building sits on a 0.16-acre lot and includes six dedicated parking spaces.

The property has direct access to Herkimer College, and village amenities are within easy travel distance. Building features include natural woodwork, an asphalt roof, and a gravel driveway.

Key Highlights

  • Five apartments: three one‑bedroom units, one studio, and one two‑bedroom unit
  • All five units are currently rented
  • 5,652 square feet on a 0.16‑acre lot

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Bakery Plumbing Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

845
Businesses Nearby

Demographics for 13350, NY

9,513
Population
4,709
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
31.6 sq mi
ZIP Area
301
Density / Sq Mi
$62,548
Median Household Income
$37,975
Median Earnings
$821
Median Rent
$136,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - All apartments are occupied, with a varied unit mix and dedicated tenant parking.
Where is this apartment building located?
The property is located at 221 N Prospect Street Herkimer, NY.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Five apartments: three one‑bedroom units, one studio, and one two‑bedroom unit; All five units are currently rented; 5,652 square feet on a 0.16‑acre lot
More about this property
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