CCertihomes
40 E River Street, German Flatts, NY 13357

$199,900

4 beds 0 baths 4,488 sqft Built 192645 days on marketActive

About this home

Excellent Investment Opportunity – 5-Unit Apartment Building This 5-unit apartment building offers strong rental income. Each unit has been nicely updated. Rents include all utilities. The property features, new boiler in 2024 and ample parking for tenants. A turn-key investment with reliable tenants and minimal maintenance required. Ideal for investors seeking a solid income-producing property.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$3,526/mo

Real estate (PITI + HOA + PMI)
$2,173
Principal + interest$1,283
Property tax + insurance$815
PMI / 2nd mortgage$75
Utilities
$2,646
Heating + cooling$1,160
Internet + TV + phone$160
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$160
$3,526/mo TLC
Budget$5,000/mo
Remaining after TLC$1,474/mo
Purchase price
$199,900
Down payment
$9,995 (5%)
Loan amount
$189,905
APR
7.15%

Quick facts

Type
Commercial
Style
Year built
1926
Lot size
0.1212 ac
Stories
3
Heating
Gas, Baseboard, HotWater
Cooling
Water
Connected, Public
HOA
Annual tax
$5,362
MLS #
S1609850
County
Herkimer

At a glance

Basement

Home features

Appliances
ElectricWaterHeaterGasOvenGasRangeRefrigerator
Exterior
BlacktopDrivewayFence
Parking
ThreeOrMoreSpacesNoGarage
Flooring
Laminate, Varies
Roof
Asphalt
Sewer
Connected

Lot features

Rectangular, RectangularLot

Neighborhood — 13357

MetricThis ZIPCountyUSA
Population10,86419,351,094299,088,112
Population Change Since1990-8.00%8.00%20.00%
Population Density357395
Male5,1409,381,926147,432,321
Female5,7249,969,168151,655,844
Never Married2,1894,946,39163,775,926
Married4,4717,166,701123,120,365
Separated4751,159,67312,639,686
Widowed7921,110,24515,467,586
Divorced8881,210,44823,075,029
Number Of House Hold4,0357,102,016111,826,380
Average House Hold Size2.652.642.60
Medial Age37.4636.5335.46
Median House Hold Income$37,398$49,847$48,276
Average House Hold Income$42,938$70,032$63,629
P C I$16,400$26,569$24,529
M D I$32,840$42,210$41,133
A T H E$39,551$54,185$50,898
S T R8.00%4.00%
W C J70.87%81.55%77.74%
(Zip) Code
13357

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 5/27/2025. Provided courtesy of Coldwell Banker Faith Properties via Buffalo MLS. Information deemed reliable but not guaranteed.