509 Church Street
Herkimer, NY, 13350 $ 69,999
Bedrooms8 Baths4.0 Sq 3,964 Monthly Estimate*
$ 465
for $69,999 with 8 bedrooms and 4 full baths. This 3,964 square foot home was built in 1885 on a lot size of 0.1928.
Investor’s Dream – Vacant 4-Unit Opportunity with High ROI! Cash, Owner Financing, or Creative Financing Available! This is a rare multi-family investment that’s listed as a 3-family but already set up as a 4-family, featuring 8 bedrooms, 4 bathrooms, and a separate apartment above the detached 3-car garage. With its prime location and income potential, this property is an excellent opportunity for a savvy investor looking to renovate, add value, and generate strong cash flow. Currently vacant and ready for work, this property does need updates, but once completed, it has the potential to bring in $3,500+ in monthly rental income, making it a fantastic return on investment. Whether you’re planning to buy and hold, BRRRR, or house hack, this property offers long-term income potential and significant equity growth. The property has already been cleared out, winterized, and is being sold as-is. The electric is on, but the water is off, allowing you to jump right in and start renovations. This is your chance to customize the space, increase property value, and maximize rental income. Financing options include cash purchase, owner financing, or creative financing with at least 50% down. If you’re looking for an income-generating asset with serious upside potential, don’t miss out on this rare opportunity. Schedule your showing today and take the first step toward securing a high-yield investment!
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FeaturesGeneralSewer Connected
Heating Gas Baseboard HotWater
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow Immediately
Appliances ElectricWaterHeater GasWaterHeater
Garage Spaces 3.0
Construction Materials Other WoodSiding
School District Herkimer
Year Built 1885
Stories 2
Township Herkimer-Village
Levels Two
Property Subtype MultiFamily
County Herkimer
Property Type Residential
Garage Y/N Yes
Rent Includes SnowRemoval Water
Full Baths 4
Status Active
City Herkimer
Senior Community Y/N No
High School District Herkimer
Number Of Units Total 4
MLS Area Herkimer-Village-213001
Lot Size Units Acres
Lot Size Square Feet 8400.0
Waterfront Y/N No
Year Built Details Existing
Tax Annual Amount 3000.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Herkimer
Elementary School District Herkimer
Tax Assessed Value 84500
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 2
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InteriorBasement Full
Flooring Hardwood Varies
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 8
Main Level Bathrooms 0
Total Baths 4
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ExteriorParking Features Garage Paved
Lot Features Other Rectangular SeeRemarks
Water Source Connected Public
Lot Size Area 0.1928
Building Area Total 3964.0
Lot Dimensions 70X120
Lot Size Acres 0.1928
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList ByWolf River Real Estate, LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $465
- Monthly Property Taxes
- $250
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Herkimer, NY
Average List Price $134,900
Percent of Sale Price 93%
About Herkimer, NY 10,003 Population
1% Since 2002
$ 48,395 Median Income
39.66 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
4443906 Elementary School
4443908 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/26/2025 | $69,999 | -6.67% | Price Down |
3/7/2025 | $74,999 | | Listed Price |