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Four-Unit Multifamily Property

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

For Sale
$109,900

Residential Income, Herkimer, NY

Property SizeContact for details
Lot Size0.24 Acres
Days on Market88

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 Changed: Sep 23 Last Checked: Nov 10 at 10:06PM
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.

Rey
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Investment Insights

Based on property information with market context.

This multifamily offering includes two separate homes, with two apartments in each building for a total of four units. All apartments are occupied, and both homes have updated roofs. The properties sit on 0.24 acres and include asphalt roofing, natural-gas heating, public water service, and porches.

Located at 414 & 414 1/2 N Prospect St. in Herkimer, NY, the property provides a four-unit residential configuration across two structures. Interior features include a downstairs master-bedroom arrangement, where applicable, and the separate-home layout distinguishes the offering from a single-building multifamily asset.

Key Highlights

  • Four apartments across two separate homes
  • All four apartments are currently occupied
  • Both homes have updated roofs

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in Herkimer County, NY

$84.17 Jul
$78.23 Aug
$62.75 Sep
$59.63 Oct

Properties on Market for Multifamily properties in Herkimer County

Jul
Aug
Sep
Oct

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?
Multifamily property - Two separate homes contain fully occupied apartments with updated roofs and natural-gas heating.
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 are currently occupied; Both homes have updated roofs
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