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!
Sold
$70,000
509 Church St, Herkimer, NY 13350
8beds
3,964sqft
Multi Family
Built in 1885
-- sqft lot
$70,600 Zestimate®
$18/sqft
$1,411 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 15, 2025 at 03:15pm
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#: R1591841
Originating 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 sqft
- 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 & neighborhood
Location
- Region: Herkimer
Other
Other facts
- Listing terms: Cash,Conventional,Owner Will Carry,Private Financing Available,Rehab Financing