516 Steuben rd, Herkimer, NY 13350
- Added:
- Apr 21, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 14 at 4:06 am
Property Features for 516 Steuben rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 600
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 113.73-3-19
- Size
- 5,008 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6600
Utilities
- Heating system
- Baseboard, Electric (Heating), Forced Air, Natural Gas
Building Details
- Year built
- 1930
- Year renovated
- 1930
- Floors in Building
- 2
- Flooring type
- Laminate, Linoleum
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Tabatha Trevor (315) 601-8556
Listing office AXIS REALTY CNY LLC 34 Charles St, HERKIMER, NY (315) 601-8556
Listing date Apr 21, 2026
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.
HighLights
- Fully renovated and well‑maintained five‑unit investment property.
- 100% occupied, providing immediate and reliable income.
- Excellent net revenue potential with room for continued growth.
- Ample off‑street parking.
- Located in a beautiful, well‑established neighborhood.
- Features a basement.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.1k | $14.40 |
| − Vacancy | −$5.8k | −$1.17 |
| EGI | $66.3k | $13.23 |
| − OpEx | −$29.8k | −$5.96 |
| NOI | $36.5k | $7.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Herkimer
- County
- Herkimer
- State
- New York
- Longitude
- -74.988891
- Latitude
- 43.034402
