$74,999

509 Church St Herkimer, NY 13350

$891
Closing credit¹
8 beds
4 full
3,964 sqft
0.2 acres
$19 / sqft
Multi-Family

Property details

About 509 Church St

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!

Highlights

Home typeMulti Family
HeatingNatural Gas, Baseboard, Hot Water
StatusActive
Size3,964 sqft
BasementYes
Lot size0.1928 Acres
Year built1885
ParkingGarage, Paved
MLS #R1591841
Garage3 spaces

Summary

  • MLS Number: R1591841
  • MLS Name: NYS
  • Office Name: Wolf River Real Estate, LLC
  • Office Phone: (518) 390-7059
  • Listing Agent: Angela Gonyo

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/15/2025, 3:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house with fence

$74,999

509 Church St

$891

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$84,500$-
2022$84,500$-
2021$84,500$2,231
2020$84,500$2,231
2019$84,500$2,231

History based on county public records data.

Nearby schools

4

Herkimer Elementary School

Public District PK-5

1.9 mi

255 Gros Blvd

4

Barringer Road Elementary School

Public District 2-4

3.4 mi

326 Barringer Rd

4

Frankfort-Schuyler Elementary School

Public District PK-5

3.9 mi

610 Reese Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $53,267. Residents of Herkimer, NY typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

33%
<35k
49%
35k-100k
16%
100k-200k
2%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

41%
Single, No Kids
11%
Single, with Kids
30%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
8%
12-17 yrs old
22%
18-34 yrs old
39%
35-64 yrs old
17%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • Extreme SportsExtreme Sports
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • KmartKmart

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Little CaesarsLittle Caesars
  • Bob EvansBob Evans

What do the neighbors drive?

  • RamRam
  • ChevroletChevrolet
  • BuickBuick

What do the neighbors listen to?

  • Classic CountryClassic Country
  • CountryCountry
  • OldiesOldies
All data provided by Home Junction and Claritas

This home is located at 509 Church St in Herkimer, NY and zip code 13350. This 3,964 square foot home, which was built in 1885, sits on a 0.19 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 6, 2025 and is currently priced at $74,999.

In February 2025, from all listings sold in Herkimer, NY there were more than 0 sold above asking price, over 3 sold below and more than 0 were sold right at the asked price. The inventory of homes for sale in Herkimer, NY between January and February 2025 decreased by 20%. The median list price of listings available in February 2025 was $147,000, while the average time on the real estate market was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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