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    Herkimer, NY
    Residential Income

    Herkimer, NY Residential Income Properties for Sale

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    Mixed-Use Building with Retail and Rentals
    Updated: Mar 21
    Mixed-Use Building with Retail and Rentals

    246 N Main St, Herkimer, NY 13350

    $218,500
    5,844 sqft
    Mixed‑use building with a commercial retail space on the ground floor plus residential units on the upper floors
    Two apartments on the second story under one‑year leases, for steady rental income
    Third floor features two short‑term rental apartments
    Each unit has its own utilities setup with five separate electrical meters and individual gas services
    Includes four bedrooms and five bathrooms across the residential spaces
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    Mixed-Use Building with Retail and Apartments
    Updated: Mar 21
    Mixed-Use Building with Retail and Apartments

    246 N Main st, Herkimer, NY 13350

    $218,500
    5,844 sqft
    Substantial Annual Revenue: Generates $44,000 in annual revenue, providing immediate returns.
    Mixed‑Use Property: Features a commercial retail space, garage storage, and residential apartments for diverse income streams.
    Short‑Term Rental Income: Two turnkey short‑term rental apartments on the third floor generate premium nightly returns.
    Fully Leased Apartments: Two apartments on the second floor are secured under one‑year leases, ensuring steady income.
    Independent Utilities: Five separate electrical meters and individual gas services simplify management and maximize profitability.
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    Updated Three-Unit Triplex
    Updated Three-Unit Triplex

    207 E smith street, Herkimer, NY 13350

    $134,900
    2,230 sqft

    Three updated units with separately metered utilities, currently fully occupied for an owner-occupant or investor.

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    Mixed-Use Property | 5,844 SqFt
    Mixed-Use Property | 5,844 SqFt

    246 N Main St, Herkimer, NY 13350

    $218,500
    5,844 sqft

    Mixed-use property featuring 5,844 SqFt of space.

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    Herkimer Two-Unit Investment Opportunity
    Herkimer Two-Unit Investment Opportunity

    336 N Prospect Street, Herkimer, NY 13350

    $79,900
    1,809 sqft 0.06 AC lot

    Two-unit property in Herkimer with rental income potential.

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    Five-Unit Multifamily Building
    Five-Unit Multifamily Building

    516 Steuben rd, Herkimer, NY 13350

    $399,999
    0.12 AC lot

    Fully renovated, five-unit property with off-street parking and current occupancy for immediate rental income.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    336 N Prospect St, Herkimer, NY 13350

    $79,900

    Two separate apartments share owner-paid water, with dedicated driveway and parking for tenant convenience.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 7 Active listings in Herkimer, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Mixed-Use Building with Street-Level Retail
    Mixed-Use Building with Street-Level Retail

    250 E Main Street, Frankfort, NY 13340

    $215,000
    5,445 sqft 0.13 AC lot

    Mixed-use property with three residential units and a street-level salon, plus off-street parking and a rear 1-car garage.

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    Spacious Triplex on Double Lot
    Spacious Triplex on Double Lot

    220 3rd Avenue, Frankfort, NY 13340

    $109,900
    2,972 sqft

    Three-unit property with renovation potential and immediate income.

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    Ilion Multifamily Investment Opportunity
    Ilion Multifamily Investment Opportunity

    50-52 Spring St, Ilion, NY 13357

    $49,500
    2,558 sqft

    Two-unit building in Ilion, NY, with cash flow potential.

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    Two-Family Home with Parking
    Two-Family Home with Parking

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

    $89,900

    Two-family home offered fully occupied, with off-street parking and two separate units.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Acreage with State Route 5 Frontage
    Acreage with State Route 5 Frontage

    State Route 5 lot: 57, Little Falls, NY 13365

    $200,000
    8,104 sqft 88.00 AC lot

    Large rural tract with mature woods, open clearings, and convenient frontage for recreation or private development planning.

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    Agricultural Land Parcel with Road Access
    Agricultural Land Parcel with Road Access

    Oregon Road lot: 3-1, Little Falls, NY 13365

    $165,000
    30.00 AC lot

    A 30-acre parcel offering open and wooded terrain with ample road frontage for farming or recreational use.

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    Subdivision Buildable Hunting Lot
    Subdivision Buildable Hunting Lot

    1WP Cook Hill Rd, Herkimer, NY 13416

    $32,000
    6.20 AC lot

    Build-ready land in a quiet subdivision on a private road, suited for a home or camp and outdoor recreation.

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    Recreational Land with Build Potential
    Recreational Land with Build Potential

    2WP Cook Hill Rd, Herkimer, NY 13416

    Contact for pricing
    5.40 AC lot

    Subdivision lot suitable for a home or camp, with room for additional clearing and access to nearby outdoor recreation.

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    Off-Market Properties in Herkimer, NY

    Consider similar Off-Market properties in Herkimer, NY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    220 Main Rd
    MOBILE HOME PARK, TRAILER PARK

    220 Main Rd, Herkimer, NY 13350-3418

    Value Estimation by Request
    696 sqft 1.30 AC lot
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    20 Beardslee Ave
    Land

    20 Beardslee Ave, Herkimer, NY 13350

    Value Estimation by Request
    29.00 AC lot
    View details

    Herkimer, NY Residential Income Properties Market Trends and Statistics

    Explore 9 residential income properties for sale in Herkimer, NY, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 23,771 square feet of properties for sale, with an estimated market value of $955,300.

    Sale prices for residential income properties in Herkimer, NY start at $79,900, averaging $159,216, and reaching up to $218,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 8
    Short term rental properties 3
    Apartment buildings 2
    Duplexes 2
    Quadplexes 1

    Demographics Overview

    Population 9,641
    Population Growth (5Y) -1.9%
    Median Household Income $62,548
    College Educated 28.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    13350 $195.9K

    Taxes & Financing

    Tax Rate (average for all types) 6.31%
    Property Tax per SF $70.25 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)

    Property Size Breakdown

    The majority of commercial real estate listings in Herkimer fall within the 10,000 to 25,000 square foot range.

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