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5-Unit Apartment Building

221 N Prospect Street, Herkimer, NY 13350

For Sale
$209,900

MultiFamily, Herkimer, NY

Property Size5,652 SF
Lot Size0.16 Acres
Price / SF$37.14
Days on Market48

Property Features for 221 N Prospect Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Rooms Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bedroom 3, Bedroom 6, 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

Additional Details

Tenant in Place Yes

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, Varies, Hardwood, Laminate
Building materials AluminumSiding, CopperPlumbing, PexPlumbing
Roof type Asphalt
Buildings 1
Listing Agency: Coldwell Banker Faith Properties · Coldwell Banker Real Estate
Listed By: Sarah L. Roy · License NY 40RO1105903
Added: Sep 28 Changed: Nov 12 Last Checked: Nov 14 at 12:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

This 5,652-square-foot apartment property contains five units: three one-bedroom apartments, one studio, and one two-bedroom apartment. All five are currently occupied. Built in 1974, the building has a newer roof and aluminum siding. Interior details include natural woodwork and a mix of hardwood, laminate, and vinyl flooring. Heating is natural gas forced air, and the property has a garage and gravel driveway.

The 0.16-acre property is at 221 N Prospect Street in Herkimer, with direct access to Herkimer College. Six dedicated parking spaces serve the building. Public water, an asphalt roof, and a basement are also noted among the property features.

Key Highlights

  • Five occupied apartments: three one‑bedroom units, one studio, and one two‑bedroom unit
  • 5,652 square feet on a 0.16‑acre lot
  • Six dedicated parking spaces

Property Analytics

Who owns this building? See the owner, sales and loan history
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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
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - All five apartments are occupied, with six dedicated parking spaces and a mix of layouts.
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 occupied apartments: three one‑bedroom units, one studio, and one two‑bedroom unit; 5,652 square feet on a 0.16‑acre lot; Six dedicated parking spaces
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