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  • $70,000

    509 Church St, Herkimer, NY 13350

    8beds
    3,964sqft
    Multi Family
    Built in 1885
    -- sqft lot
    $77,800 Zestimate®
    $18/sqft
    $1,242 Estimated rent

    Home value

    $77,800

    Estimated sales range

    Not available

    $1,242/mo

    Zestimate® history
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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Angela Gonyo 518-390-7059,

    Wolf River Real Estate, LLC

    Bought with:

    Angela Gonyo, 10491207930

    Wolf River Real Estate, LLC

    Source: NYSAMLSs,MLS#: R1591841MLS LogoOriginating MLS: Otsego-Delaware

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Gas, Baseboard, Hot Water
    Appliances
    • Included: Electric Water Heater, Gas Water Heater
    Features
    • Flooring: Hardwood, Varies
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 3,964
    • Total interior livable area: 3,964 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage, Paved
    • Garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 8,398 Square Feet
    • Dimensions: 70 x 120
    • Features: Other, Rectangular, Rectangular Lot, See Remarks
    Details
    • Parcel number: 21300112002400040020000000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other, Wood Siding
    Condition
    • Resale
    • Year built: 1885

    Utilities & green energy

    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Location
    • Region: Herkimer

    Financial & listing details

    • Price per square foot: $18/sqft
    • Tax assessed value: $84,500
    • Annual tax amount: $3,000
    • Date on market: 3/6/2025
    • Cumulative days on market: 64 days
    • Listing terms: Cash,Conventional,Owner Will Carry,Private Financing Available,Rehab Financing

    Price history

    DateEventPrice
    5/14/2025Sold$70,000+0%$18/sqft
    Source: NYSAMLSs #R1591841 Report a problem
    4/12/2025Pending sale$69,999$18/sqft
    Source: Global MLS #202512958 Report a problem
    3/21/2025Price change$69,999-6.7%$18/sqft
    Source: Global MLS #202512958 Report a problem
    3/6/2025Listed for sale$74,999+188.4%$19/sqft
    Source: Global MLS #202512958 Report a problem
    2/20/2025Sold$26,001-48%$7/sqft
    Source: Public Record Report a problem
    2/5/2025Price change$49,999-9.1%$13/sqft
    Source: Global MLS #202430487 Report a problem
    1/23/2025Price change$54,999-5.2%$14/sqft
    Source: Global MLS #202430487 Report a problem
    1/17/2025Price change$57,999-3.3%$15/sqft
    Source: Global MLS #202430487 Report a problem
    12/31/2024Price change$59,999-14.3%$15/sqft
    Source: Global MLS #202430487 Report a problem
    12/14/2024Listed for sale$69,999-24.7%$18/sqft
    Source: Global MLS #202430487 Report a problem
    4/11/1997Sold$93,000$23/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $84,500
    2024-- $84,500
    2023-- $84,500
    2022-- $84,500
    2021-- $84,500
    2020-- $84,500
    2019-- $84,500
    2018-- $84,500
    2017$2,232 $84,500
    2016-- $84,500
    2015-- $84,500
    2014-- $84,500
    2013-- $84,500
    2012-- $84,500
    2011-- $84,500
    2010-- $84,500
    2009-- $84,500
    2008-- $84,500
    2007-- $84,500 +3%
    2006-- $82,000 +1266.7%
    2005-- $6,000
    2004-- $6,000
    2003-- $6,000
    2002-- $6,000
    2001-- $6,000
    Find assessor info on the county website

    Neighborhood: 13350

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Herkimer

    Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.