4321 Acme Rd

Baths
18,225 Sq. Ft.
$60 / Sq. Ft.
18,225
Sq. Ft.
$60
per Sq. Ft.

Description

Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. With reliable tenants and only one current vacancy as the apartment is being updated, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6½ years, reflecting tenant satisfaction and property stability. Each unit features its own washer and dryer hookups, as well as a furnace, central...Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. With reliable tenants and only one current vacancy as the apartment is being updated, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6½ years, reflecting tenant satisfaction and property stability. Each unit features its own washer and dryer hookups, as well as a furnace, central air conditioning, an electrical meter, and a panel box. Tenants are responsible for their own gas and electric bills. A house meter serves the common area and the basement. The basement spans the full length of the building and is primarily constructed of poured walls.
13 units are two bedrooms. One unit is a one-bedroom. Most units (11 of 14) feature front and rear porches, adding to tenant appeal. There is ample parking for both renters and visitors, ensuring convenience and easy access. There is additional land for future expansion.
  1. Listed by Lynn Boucher • Coldwell Banker Faith Properties
    P: (315)-735-2222 C: (315)-271-3482 realestatebylynnb@gmail.com

Property Details for 4321 Acme Road

On Waterfront
No
Parking Description
On Site
Zoning Code
R
Nearest Cross Street
Mc Gowan Rd
LISTING UPDATED: 02/05/2026 10:37 AM

Property Details for 4321 Acme Road

StatusClosed
MLS #S1644052
Days on Market45
Taxes$17,557 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1970
Lot Size3.30 AC / 143,748 SF
CountyHerkimer County

Location

Listing Courtesy of Coldwell Banker Faith Properties

Sold By Coldwell Banker Faith Properties

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Building Information for 4321 Acme Road

Stories2Residences14Year Built1970Lot Size3.30 AC / 143,748 SF

Payment Calculator

$7,002 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,539

Property Taxes

$1,463

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4321 Acme Road

Summary
Location and General Information
  • Elementary School District: Frankfort-Schuyler
  • High School District: Frankfort-Schuyler
  • Middle Or Junior School District: Frankfort-Schuyler
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Parking Total: 25.00
Taxes and HOA Information
  • Area NYSWIS Code: Frankfort-212689
  • Tax Annual Amount: $17,557.00
Property
Lot Information
  • Building Area Total: 18225.0
  • Land Features: Irregular Lot
  • Num Of Acres: 3.3
  • Lot Size Area: 3.3
  • Lot Size Square Feet: 143748.0
  • Lot Size Units: Acres
  • Num Of Buildings: 1
  • Parcel Number: 212689-119-027-0001-003-000-0000
  • Lot Number: 3
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $318,700
  • Year Built: 1970
  • Year Built Description: Existing
  • Zoning Description: Other - See Remarks
  • Property Sub Type Additional: Apartment
Utilities
  • Sewer Description: Public Sewer
  • Utilities Available: Electricity Connected, Sewer Connected
Interior and Exterior Features
Exterior Features
  • Roof Description: Asphalt, Metal
Interior Features
  • Basement Description: Full
  • Basement YN: Yes
  • HVAC Type: Central Air
  • Cooling YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 18225.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $136,920.00
  • Net Operating Income: $106,143.00
  • Number Of Units Total: 14
  • Operating Expenses: $13,220.00
  • Operating Expense Includes: Electric, Insurance, Water Sewer
  • Stories: 2
  • Stories Total: 2
  • Vacancy Allowance Rate: 7.00%
Rental
Rental Information
  • Lease YN: No

Property History for 4321 Acme Road

DateEvent & SourcePriceAppreciation
Feb 3, 2026

Sold (Public Record)

Public Record #1929390238

$1,100,000
Feb 3, 2026

Sold

WNYREIS #S1644052

$1,100,000
Dec 2, 2025

Pending

WNYREIS #S1644052

Oct 10, 2025

Listed (Active)

WNYREIS #S1644052

$1,250,000
DateEvent & SourcePrice
02/03/2026

Sold (Public Record)

Public Record #1929390238

$1,100,000
02/03/2026

Sold

WNYREIS #S1644052

$1,100,000
12/02/2025

Pending

WNYREIS #S1644052

10/10/2025

Listed (Active)

WNYREIS #S1644052

$1,250,000

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

Public Records for 4321 Acme Road

Taxable ValueLand$17,000Additions$301,700Total$318,700
Tax Record2024$17,593 ($1,466 / month)
Home Facts
Total Finished SqFt13,788 SqFtAbove Grade Finished SqFt13,788 SqFtUnfinished Basement SqFt4,437 SqFtStories2Lot Size143,748 SqFtStyleMulti-Family Res (5+ Units)Year Built1974ZoningRCountyHERKIMERAPN212689 119.27-1-3

Schools near 4321 Acme Road

This home is within Frankfort-Schuyler Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Frankfort Schuyler Elementary School
PublicPK to 6

Frankfort Schuyler Middle School
Public6 to 8

Frankfort Schuyler Central High School
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.

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Listing Courtesy of Coldwell Banker Faith Properties

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.