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Four-Unit Multifamily Property
New
For Sale
$109,900

414 & 414 1/2 N Prospect St., Herkimer, NY 13350

MULTI_FAMILY - Herkimer, NY

Property SizeContact for details
Lot Size0.24 Acres
Days on Market2

Property Features for 414 & 414 1/2 N Prospect St.

General Information

Property type Residential Multi Family
Property subtype Other
Patio and Porch features Porch
Interior features Master Downstairs
Standard status Active
Lot size 0.24 Acres

Taxes and HOA fees

Tax Annual Amount 5570

Utilities

Heating system Natural Gas
Water source Public

Building Details

Floors in Building 2
Roof type Asphalt
Listing Agency: JOE MACRI REALTY
Listed By: William Macri
Added: Aug 15 Last Checked: Aug 16 at 3:06PM
MLS# 11937344

Copyright © 2026 My State MLS. 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.

This multifamily offering includes two separate homes with two apartments in each, creating a four-apartment residential configuration. All four apartments are currently occupied. Both homes have updated asphalt roofs, and the properties are served by natural gas heat and public water. Additional features include porches and a downstairs primary bedroom configuration.

The property encompasses 0.24 acres at 414 & 414 1/2 N Prospect St. in Herkimer, NY 13350. The four apartments provide a consolidated multifamily asset across two residential structures, with established occupancy already in place.

Key Highlights

  • Four apartments across two separate homes
  • All four apartments currently occupied
  • Updated asphalt roofs on both homes

Property Analytics

Current Use

Multifamily properties

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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

862
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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Multifamily property - Two separate homes contain apartments with all units currently occupied.
Where is this multifamily property located?
The property is located at 414 & 414 1/2 N Prospect St. Herkimer, NY.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Four apartments across two separate homes; All four apartments currently occupied; Updated asphalt roofs on both homes
More about this property
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