4321 Acme Road Frankfort, NY $ 1,250,000
4321 Acme Road
$ 1,250,000
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4321 Acme Road

Frankfort, NY, 13357
$ 1,250,000
Bedrooms-- Baths-- Sq 18,225

Monthly Estimate*

$ 7,798

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Commercial Property for sale in Frankfort, NY

for $1,250,000. This 18,225 square foot building was built in 1970 on a lot size of 3.3.

Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. With reliable tenants and only one current vacancy as the apartment is being updated, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6½ years, reflecting tenant satisfaction and property stability. Each unit features its own washer and dryer hookups, as well as a furnace, central air conditioning, an electrical meter, and a panel box. Tenants are responsible for their own gas and electric bills. A house meter serves the common area and the basement. The basement spans the full length of the building and is primarily constructed of poured walls. 13 units are two bedrooms. One unit is a one-bedroom. Most units (11 of 14) feature front and rear porches, adding to tenant appeal. There is ample parking for both renters and visitors, ensuring convenience and easy access. There is additional land for future expansion.

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Commercial Pending

Price

$ 1,250,000

Property Type

Commercial

Taxes

$ 17,557

Style

Apartment

Lot Size

3.3

Year Built

1970

Town/City

Frankfort

County/Region

Herkimer

MLS | Web ID

S1644052

Features
General
Sewer PublicSewer
Heating Gas ForcedAir
Cooling CentralAir
Utilities ElectricityConnected SewerConnected
Possession CloseOfEscrow
Roof Asphalt Metal
Zoning R
School District Frankfort-Schuyler
Year Built 1970
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Apartment
Gross Income 136920.0
County Herkimer
Net Operating Income 106143.0
Operating Expense 13220.0
Property Type CommercialSale
Status Pending
Directions From Route 5S take the Ilion Center St exit. Turn onto Acme Rd. The units are on the right.
City Frankfort
High School District Frankfort-Schuyler
Zoning Description Other - See Remarks
Number Of Units Total 14
MLS Area Frankfort-212689
Lot Size Units Acres
Lot Size Square Feet 143748.0
Year Built Details Existing
Tax Annual Amount 17557.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1644052
Standard Status Pending
Middle/Junior School District Frankfort-Schuyler
Elementary School District Frankfort-Schuyler
Tax Assessed Value 318700
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 3
Property Sub Type Additional Apartment
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Interior
Basement Full
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features OnSite
Lot Features IrregularLot
Total Parking 25.0
Inclusions Land and Building
Lot Size Area 3.3
Number of Buildings 1
Building Area Total 18225.0
Lot Dimensions 295X428
Lot Size Acres 3.3
Waterfront Y/N No
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Internal Only
Street Number 1 4321
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* Excluded Features
List By
Coldwell Banker Faith Properties

Broker

(315) 271-3482

Phone

Affordability Calculator

$9,261
Per Month
84%
16%
0%
Monthly Principal & Interest
$7,798
Monthly Property Taxes
$1,463
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
2116548 Elementary School
2116546 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/10/2025$1,250,000 Listed Price

Map


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4321 Acme Road, Frankfort, NY, 13357 is a Commercial Property for sale at $1,250,000 with 18,225 sqft and a lot size of 3.3. 4321 Acme Road was built in 1970. The property's zip code is 13357 which is in Frankfort, NY