Five-Unit Multifamily
516 Steuben rd Herkimer, NY 13350
For Sale
$399,999
COMMERCIAL - Herkimer, NY
Lot Size0.12 Acres
Days on Market100
Property Features for 516 Steuben rd
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
5
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 5
Parking features
Driveway
Patio and Porch features
Porch
Standard status
Active
APN
113.73-3-19
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6600
Utilities
Heating system
Forced Air, Electric (Heating), Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Flooring type
Linoleum, Laminate
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
AXIS REALTY CNY LLC
(315) 601-8556
Listed By:
Tabatha Trevor
(315) 795-7049
Added: Apr 21
Changed: Jul 29
Last Checked: Jul 29 at 11:06PM
MLS# 11690577
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 five-unit multifamily building has been fully renovated and is described as well-maintained, with numerous upgrades and improvements throughout. The property is currently 100% occupied, providing ongoing rental income as-is. Off-street parking is available for residents, supporting day-to-day convenience.
Located at 516 Steuben Rd in Herkimer, New York, the building sits on a relatively small lot of approximately 0.115 acres. The seller notes that the property is in a beautiful, well-established neighborhood. For showings, the listing requests allowing 24 to 48 hours and contacting the agent to schedule, including any questions related to financial information.
This asset is well suited for buyers seeking a turnkey rental setup with existing tenants in place. The layout also offers the option for an owner-occupant to live in one unit while receiving rental income from the remaining units. With renovations already completed and occupancy maintained, the property may appeal to investors who want to reduce near-term work and focus on operating and sustaining the current performance. All financial details are available through the listing agent by request.
Located at 516 Steuben Rd in Herkimer, New York, the building sits on a relatively small lot of approximately 0.115 acres. The seller notes that the property is in a beautiful, well-established neighborhood. For showings, the listing requests allowing 24 to 48 hours and contacting the agent to schedule, including any questions related to financial information.
This asset is well suited for buyers seeking a turnkey rental setup with existing tenants in place. The layout also offers the option for an owner-occupant to live in one unit while receiving rental income from the remaining units. With renovations already completed and occupancy maintained, the property may appeal to investors who want to reduce near-term work and focus on operating and sustaining the current performance. All financial details are available through the listing agent by request.
Key Highlights
- Five‑unit investment property built in 1930
- 100% occupied with all units currently rented
- Fully renovated and well‑maintained building with numerous upgrades and improvements
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated, five-unit property with off-street parking and current occupancy for immediate rental income.
Where is this apartment building located?
The property is located at 516 Steuben rd Herkimer, NY.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Five‑unit investment property built in 1930; 100% occupied with all units currently rented; Fully renovated and well‑maintained building with numerous upgrades and improvements
