509 Church Street
Herkimer, NY 13350
- 8 beds
- 4 baths
- 3,964 sqft
- 8,400 sqft lot
- $18 per sqft
- 1885 build
- – on site
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!
Last checked:
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Last updated Mar 10, 2025
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MLS# R1591841 —
The Building
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Year Built:1885
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Year Built Details:Existing
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Construction Materials:Other,WoodSiding
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Basement:Full
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Basement:true
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Levels:Two
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Building Area Total:3964.0
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Building Area Source:Other
Interior
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Flooring:Hardwood,Varies
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Fireplace:false
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Stories:2
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Stories Total:2
Room Dimensions
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Living Area:3,964 Sqft
Financial & Terms
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Rent Includes:SnowRemoval,Water
The Property
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Property Type:Residential
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Property Subtype:MultiFamily
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Property Condition:Resale
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Parcel Number:213001-120-024-0004-002-000-0000
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Lot Features:Other,Rectangular,SeeRemarks
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Lot Size Dimensions:70X120
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Lot Size Acres:0.1928
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Lot Size SqFt:8400.0
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Lot Size Area:0.1928
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Lot Size Units:Acres
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (518) 390-7059
- Office phone:
- (518) 390-7059
Taxes
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Tax Lot:2
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Tax Annual Amount:3000.0
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Tax Assessed Value:84500
Beds
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Bedrooms Total:8
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:Gas,Baseboard,HotWater
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Heating:true
Utilities
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Utilities:SewerConnected,WaterConnected
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Sewer:Connected
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Water Source:Connected,Public
Appliances
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Appliances:ElectricWaterHeater,GasWaterHeater
Schools
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Elementary School District:Herkimer
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Middle Or Junior School District:Herkimer
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High School District:Herkimer
The Community
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Senior Community:false
Parking
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Garage:true
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Garage Spaces:3.0
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Parking Features:Garage,Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/6/25
Mar 6, 2025
|
Listed / Active | NYSAMLS | $74,999 |