Rare investment opportunity in Frankfort — this 2-family home at 337 First Avenue is being sold as a package with an additional home at 116 Reese Road, offering built-in income potential across two properties. The property also includes a garage under an existing lease, with the current owner continuing that lease after closing, providing immediate rental income from day one. A great opportunity for investors or owner-occupants looking to offset their mortgage with rental income.
Property Details
Price:
$169,900
MLS #:
S1702011
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
frankfort212689
Listed Date:
Jul 27, 2026
Finished Sq Ft:
1,712
Total Sq Ft:
1,712
Year Built:
1920
Units:
3
See this Listing
Schools
School District:
Frankfort-Schuyler
Interior
Appliances
Gas Water Heater
Bathrooms
3 Full Bathrooms
Flooring
Carpet, Hardwood, Varies, Vinyl
Heating
Gas, Forced Air
Levels
Two
Exterior
Construction Materials
Vinyl Siding
Garage Spaces
4
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
Garage, Paved, One Space
Stories
2
Financial
Taxes
$3,310
Map
Community
- Address337 First Avenue Frankfort NY
- CityFrankfort
- CountyHerkimer
- Zip Code13340
Subdivisions in Frankfort
Market Summary
Current real estate data for Multi Family in Frankfort as of Aug 27, 2026
8
Multi Family Listed
116
Avg DOM
64
Avg $ / SqFt
$159,925
Avg List Price
Property Summary
- 337 First Avenue Frankfort NY is a Multi Family for sale in Frankfort, NY, 13340. It is listed for $169,900
Similar Listings Nearby
Courtesy of River Hills Properties LLC Lf. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 337 First Avenue
Frankfort, NY