Frankfort, NY Multifamily Properties for Sale

List

Map

Utica, NY Newport, NY Herkimer, NY Ilion, NY Middleville, NY Mohawk, NY Marcy, NY New Hartford, NY

9 properties

Sort:

Updated: Jul 27

Two-Unit Residential Income Duplex

337 First Avenue, Frankfort, NY 13340

$174,900

1,712 sqft

2‑family home at 337 First Avenue, built in 1920
Package includes 337 First Avenue plus an additional home at 116 Reese Road
Public water service and natural gas forced‑air heating
Vinyl siding exterior with a mix of carpet, hardwood, and vinyl flooring
Includes a garage (under an existing lease) with the lease continued after closing for rental income

View details

This listing looks promising.

Here's a quick look at some key insights for

337 First Avenue, Frankfort, NY 13340

View Property Analytics

Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$16K
Annual
Price @ 7% Cap

$222K
Above asking
Property Type

Duplex
Built 1920

View Property Analytics

Updated: Apr 29

Quadplex Mixed-Use Building with Storefront

250 E Main Street, Frankfort, NY 13340

$215,000

5,445 sqft 0.13 AC lot

Approximately 5,400+ SF mixed‑use quadplex with three residential units
Street‑level commercial storefront currently operating as a salon
New roof in 2022; brand‑new steam boiler installed this year; new hot water heater
0.1286‑acre lot with off‑street parking and a 1‑car garage in back
Steam and natural gas heating with public water

View details

Victorian Duplex with Fireplace

310 E Main St, Frankfort, NY 13340

$89,900

0.26 AC lot

Victorian duplex on a corner lot with hardwood floors, natural gas forced-air heat, and a fireplace—first unit usable, second needs full renovation.

View details

Mixed-Use Building with Retail Storefront

250 E Main St, Frankfort, NY 13340

$215,000

5,400 sqft

Mixed-use property with three residential units and a street-level salon storefront, plus off-street parking and a back garage.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Two-Family Home with Natural Gas Heat

2702 Southside Road, Frankfort, NY 13340

$95,000

3,670 sqft 0.62 AC lot

Two separate units with four and three bedrooms, natural gas forced-air heat, and public water on a 0.6242-acre lot.

View details

Victorian Duplex on Corner Lot

310 E Main St, Frankfort, NY 13340

Contact for pricing

11,250 sqft

Two-unit duplex built in 1910 with separate exterior access and a second-floor unit requiring full renovation.

View details

Spacious Triplex on Double Lot

220 3rd Avenue, Frankfort, NY 13340

$99,900

2,972 sqft

Three-unit property with renovation potential and immediate income.

View details

Two-Family Duplex with Leased Garage

337 First Ave, Frankfort, NY 13340

$174,900

Two-family duplex built in 1920 with a garage under an existing lease for immediate rental income.

View details

Updated Two-Family Duplex

307 1st Ave, Frankfort, NY 13340

$189,900

Two-family duplex with separate entrances and extensive updates including new siding, renovated kitchens and baths, and a replaced roof.

View details

Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 9 Active listings in Frankfort, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Quadplex with One Two-Bed Unit

51 E Main Street, Mohawk, NY 13407

$264,000

5,559 sqft 0.21 AC lot

Four-unit quadplex offering one two-bedroom apartment and three one-bedroom units with public water.

View details

Multifamily Building with 6-Car Garage

99 John Street, Ilion, NY 13357

Contact for pricing

Five long-term rented units feature in-unit washer/dryer, plus an on-site 6-car garage in the rear parking lot.

View details

Two-Unit Rental Duplex

50-52 Spring St, Mohawk, NY 13357

$49,500

Two-unit rental building with both units occupied, sold as-is and in need of updates and repairs.

View details

Duplex with Master Downstairs

93 N.4th Ave., Ilion, NY 13357

$89,900

$310,000

Estimated value

1,272 sqft 10.20 AC lot

View details

Frankfort, NY Multifamily Properties Market Trends and Statistics

Explore 17 multifamily properties for sale in Frankfort, NY, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 30,449 square feet of properties for sale, with an estimated market value of $1,254,500.

Sale prices for multifamily properties in Frankfort, NY start at $89,900, averaging $156,812, and reaching up to $215,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 7,322

Population Growth (5Y) -9.3%

Median Household Income $69,928

College Educated 32.0%

High-Yield Neighborhoods for Investment

Identify Frankfort submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
13340	$159.3K

Taxes & Financing

Tax Rate (average for all types) 1.82%

Property Tax per SF $92.68 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Herkimer County

New Delisted

Total CRE Inventory on Market (SF)

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings