1,320 Sq. Ft.
$76 / Sq. Ft.
1,320
Sq. Ft.
$76
per Sq. Ft.

Description

Income-Producing Multi-Family — Now Available Smart investments do not always require a search across state lines. Sometimes, the ideal opportunity is nestled right in the heart of a charming Mohawk Valley village, waiting for a discerning buyer to seize the moment. This well-maintained multi-family property offers two residential units — one spacious two-bedroom and one comfortable one-bedroom — delivering a combined three bedrooms and two bathrooms across approximately 1,320 square feet of functional...Income-Producing Multi-Family — Now Available Smart investments do not always require a search across state lines. Sometimes, the ideal opportunity is nestled right in the heart of a charming Mohawk Valley village, waiting for a discerning buyer to seize the moment. This well-maintained multi-family property offers two residential units — one spacious two-bedroom and one comfortable one-bedroom — delivering a combined three bedrooms and two bathrooms across approximately 1,320 square feet of functional living space. Both units are currently fully occupied with no long-term lease obligations, granting the new owner immediate rental income along with the flexibility to adjust terms as market conditions evolve. The generous oversized lot is a standout feature, providing ample outdoor space that tenants genuinely appreciate and that distinguishes this property from comparable investments in the area. Dedicated parking further enhances the appeal for residents, while the basement offers valuable additional storage or utility space that adds practical functionality to the overall layout. Recent improvements include a brand-new front porch and a newly constructed rear porch roof, demonstrating thoughtful maintenance that protects your investment for years to come. Each unit benefits from separate electric and heating systems, simplifying expense management and keeping operational costs transparent for the owner. The centrally located setting delivers excellent walkability, with Ilion Park just minutes away on foot. Residents enjoy convenient access to Central Valley Academy, grocery shopping at nearby retailers, and recreational amenities including the Village of Ilion Marina along the scenic waterfront. Whether you are building your first portfolio or expanding an established one, this property deserves your serious consideration. Schedule your private showing today.
  1. Listed by Delbert Ball • Keller-Williams Mohawk Valley
    P: (315)-701-6900 C: (315)-868-3933 delbertball@kw.com

Property Details for 266 Second Street

On Waterfront
No
Parking Description
Two Or More Spaces
Nearest Cross Street
Barringer rd
LISTING UPDATED: 07/06/2026 11:27 PM

Property Details for 266 Second Street

StatusActive
MLS #S1680315
Days on Market68
Taxes$3,150 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Residential
Year Built1890
Lot Size-
CountyHerkimer County

Location

Listing Courtesy of Keller-Williams Mohawk Valley
Add your commute

Building Information for 266 Second Street

Stories2Residences2Year Built1890Building Size-Lot Size-

Payment Calculator

$761 per month

30 year fixed, 6.36% Interest

Principal and Interest

$498

Property Taxes

$263

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 266 Second Street

Summary
Location and General Information
  • Carrier Route: C009
  • Elementary School District: Central Valley
  • High School District: Central Valley
  • Middle Or Junior School District: Central Valley
  • Village: Ilion-Village
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Ilion Village-German Flatts-212801
  • Tax Annual Amount: $3,150.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 1320.0
  • Land Features: Rectangular, Rectangular Lot
  • Lot Size Units: Acres
  • Parcel Number: 119.43-2-20
  • Road Frontage: Main Thoroughfare
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $46,000
  • Year Built: 1890
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 0
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Composite Siding
Interior Features
  • Appliances: Electric Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 3
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Varies, Vinyl
  • Heating: Electric, Baseboard
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 1320.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen
  • Unit Type Total Rent: $700.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 700
Unit 2
  • Unit Type Actual Rent: $525.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen
  • Unit Type Total Rent: $525.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 525
Rental
Rental Information
  • Rent Includes: Water

Property History for 266 Second Street

DateEvent & SourcePriceAppreciation
Jul 6, 2026

Price Change

Central New York Information Services #S1680315

$100,000
Jul 6, 2026

Price Change

WNYREIS #S1680315

$100,000
Jul 6, 2026

Price Change

New York State Alliance of MLSs (Buffalo) #S1680315

$100,000
DateEvent & SourcePrice
07/06/2026

Price Change

Central New York Information Services #S1680315

$100,000
07/06/2026

Price Change

WNYREIS #S1680315

$100,000
07/06/2026

Price Change

New York State Alliance of MLSs (Buffalo) #S1680315

$100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 266 Second Street

Taxable ValueLand$9,900Additions$36,100Total$46,000
Tax Record2024$3,025 ($252 / month)
Home Facts
Baths1.5Total Finished SqFt1,320 SqFtAbove Grade Finished SqFt1,320 SqFtStories2Lot Size10,560 SqFtStyleDuplexYear Built1890ZoningR6CountyHERKIMERAPN212801 119.43-2-20

Schools near 266 Second Street

This home is within Central Valley Central School District At Ilion-Mohawk.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Harry M Fisher Elementary School
PublicPK to 1

Barringer Road Elementary School
Public2 to 4

Gregory B Jarvis Junior/Senior High School
Public5 to 8

Central Valley Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

266 Second Street is a multi-family home for sale in German Flatts, NY 13357. This property was listed for sale on May 8, 2026 by Keller-Williams Mohawk Valley, it's currently listed at $100,000. It has been on the market for a total of 68 days and was last sold on July 26, 2023. This listing's school district is Central Valley Central School District At Ilion-Mohawk. Nearby schools include Harry M Fisher Elementary School, Barringer Road Elementary School and Gregory B Jarvis Junior/Senior High School. 266 Second Street is a 3-bed, 2-bath, 1,320 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller-Williams Mohawk Valley

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.