516 Steuben rd, Herkimer, NY 13350

$449,000
Active for Sale
 
Listing ID 11690577
Property Type Multi-Unit (5+)
County Herkimer
Township Herkimer
School Herkimer
Total Tax $6,600
Tax ID 113.73-3-19
FEMA Flood Map fema.gov/portal
Year Built 1930
   
Virtual Tour

Sprawling 5 Unit Investment

Sprawling five-unit investment property located in a beautiful, well-established neighborhood. This fully renovated and well-maintained building has undergone numerous upgrades and improvements throughout, and is 100% occupied-offering immediate and reliable income. The property features ample off-street parking and strong rental appeal, making it an ideal opportunity for seasoned investors or those looking to enter the market. Live in one unit while generating income from the others, or maximize returns with this turnkey asset. Excellent net revenue potential with room for continued growth. Please allow 24 to 48 hours for showings, contact agent to schedule showings and for financial information regarding this property
Property Details
  • 5 Full Baths
  • 5008 SF (AG)
  • 5008 SF Lot
  • Built in 1930
  • Renovated 2025
  • 2 Stories
  • Full Basement
  • Renovation: 4 of 5 units remodeled. All occupied. 3 newer furnaces. 3 newer hot water heaters
Unit Information
Unit #1 – Rent Price: 1300, Bedrooms: 3, Full Baths: 1, Occupied, Unit Count: 3
Unit #2 – Rent Price: 800, Bedrooms: 1, Full Baths: 1, Occupied, Unit Count: 2
Unit #3 – Rent Price: 1400, Bedrooms: 3, Half Baths: 1, Occupied, Unit Count: 4
Unit #4 – Rent Price: 1200, Bedrooms: 2, Half Baths: 1, Occupied, Unit Count: 5
Unit #5 – Rent Price: 900, Bedrooms: 1, Full Baths: 1, Occupied, Unit Count: 5
Interior Features
  • Laminate Flooring
  • Linoleum Flooring
  • Baseboard
  • Forced Air
  • Electric Fuel
  • Natural Gas Fuel
  • Natural Gas Avail
  • 200 Amps
Exterior Features
  • Post and Beam Construction
  • Vinyl Siding
  • Asphalt Shingles Roof
  • Municipal Water
  • Municipal Sewer
  • Open Porch
  • Driveway
Income/Expenses
  • Paid by Landlord: Water, Insurance, Ord. Maint., Struct. Maint., Ground Maint.
Taxes and Fees
  • $6,600 Total Tax
  • Tax Year 2025
Listed By
AXIS REALTY CNY LLC
Office: 315-601-8556
Mobile: 315-601-8556
Request More Information
Request Showing
Role Agent Buyer
Your Preferred Date & Time
Showing Type:
Request Cobroke

If you're not a member, fill in the following form to request cobroke participation.
Listing data is deemed reliable but is NOT guaranteed accurate.
Contact Us
Who Would You Like to Contact Today?

I want to contact an agent about this property!

I wish to provide feedback about the website functionality

Contact Agent
Your Name:
Email:
Phone:
Message:
Security: What is 5 plus 3?