Property Description

Thirty-three rental units, a broad tenant mix, and a prominent corner setting give this newly listed Herkimer property serious investment appeal. Built in 1930 and converted in 2008, the multi-story brick building offers approximately 29,719 square feet with 31 apartments and two commercial spaces configured as a restaurant and convenience store. Designed for college student housing, the residential portion currently serves a combination of students and monthly local tenants. The unit mix includes eight one-bedroom apartments, 21 two-bedroom apartments, one three-bedroom apartment, and one four-bedroom apartment, totaling 57 bedrooms and 31 bathrooms. The property includes on-site laundry facilities, multiple entrances, and a ramped entrance. The expansive corner lot is a major asset, offering ample off-street parking, generous frontage, and a strong neighborhood presence. Inside, the commercial areas include built-in shelving, display counters, and refrigerated display cases. Dedicated utility rooms contain electrical panels, metering, piping, and conduit infrastructure for multi-unit operations. Location adds another layer of value. Herkimer High School is about 0.2 miles away, Earl Field and Walmart Supercenter are each about 0.3 miles away, and The Java Shop by Cucina Berto is about 0.5 miles away. Bassett Health Center Herkimer, Hannaford, and ALDI are also within 1.8 miles. With strong cash flow potential and financials available to qualified buyers, this commercial-zoned property deserves a closer look. Schedule a private tour and explore the investment opportunity firsthand.

Property Features

Local Schools