For sale

Price cut: $49K (6/24)

$399,999

516 Steuben Rd, Herkimer, NY 13350

--beds

5,008sqft

Multi Family

Built in 1930

-- sqft lot

$387,600 Zestimate^®

$80/sqft

$-- HOA

What's special

Ample off-street parking

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

143 days
209
7

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 5
Full bathrooms: 5

Heating

Electric, Natural Gas, Baseboard, Forced Air

Features

Flooring: Laminate, Linoleum
Basement: Full
Has fireplace: No

Interior area

Total structure area: 5,008
Total interior livable area: 5,008 sqft
Finished area above ground: 5,008

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Features

Stories: 2
Patio & porch: Open Porch
Frontage length: 0

Lot

Size: 5,008 Square Feet

Details

Parcel number: 113.73319
Lease amount: $0

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Post and Beam, Vinyl Siding
Roof: Asphalt

Condition

New construction: No
Year built: 1930
Major remodel year: 2025

Utilities & green energy

Electric: Amps(200)
Sewer: Municipal
Water: Municipal
Utilities for property: Naturl Gas Available

Community & HOA

HOA

Has HOA: No

Location

Region: Herkimer

Financial & listing details

Price per square foot: $80/sqft
Annual tax amount: $6,600
Date on market: 4/22/2026
Date available: 04/21/2026
Listing agreement: Exclusive

Estimated market value

$387,600

$368,000 - $407,000

Not available

Price history

Date	Event	Price
6/24/2026	Price change	$399,999-10.9%$80/sqft
Source: NY State MLS #11690577 Report a problem
4/29/2026	Price change	$449,000-8.2%$90/sqft
Source: NY State MLS #11690577 Report a problem
4/22/2026	Listed for sale	$489,000$98/sqft
Source: NY State MLS #11690577 Report a problem