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119 1st Ave, Frankfort, NY, 13340

2beds
2baths
1,515sqft
$118,500
$78price/sqft
$1,066/moest. monthly cost
$42,640/yrincome needed

About This Home

Attention Investors! This two-unit property offers over 1,500 sq ft of living space, with each unit featuring 1 bedroom, 1 bathroom, and eat-in kitchens. Separate electric meters, shared laundry access, and both front and rear porches add convenience and value. The property also includes ample parking and a low-maintenance yard. Recent updates include a newer furnace (2 years old), a new hot water tank, and a fully remodeled second-floor unit completed just two years ago. Conveniently located just a short drive from Route 5/5S. Whether you’re seeking your first investment or looking to expand your portfolio, this property is a fantastic opportunity. Gross rent is $18,300 per year.

Getting Around

44
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Construction

Condition

  • Property condition: Resale
  • Year built: 1870

Materials

  • Foundation: Block
  • Roof: Pitched,Shingle
  • Construction materials: Other,Vinyl Siding,Copper Plumbing

Type & Style

  • Home type: MultiFamily
  • Architectural style: Duplex
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Common Area

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Full,Walk-Up Access

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceiling Fan(s),Natural Woodwork,Bedroom on Main Level
  • Window features: Storm Window(s),Thermal Windows,Wood Frames
  • Flooring: Carpet,Laminate,Varies

Heating

  • Heating features: Gas,Electric,Forced Air

Interior Area

  • Total structure area: 1,515
  • Total interior livable area: 1,515 sqft

Property

Accessibility

  • Accessibility features: Accessible Bedroom

Details

  • Parcel number: 21260111207300020510000000
  • Zoning description: Residential 2 Unit
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Fence
  • Fencing: Partial

Lot

  • Lot size: 5,449 sqft
  • Features: Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 50 x 109

Parking

  • Parking features: Paved,Two or More Spaces

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters in Herkimer County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $599$7,188
Home Insurance *$54$648
Property Taxes $163$1,956
Electricity $250$3,004
Total$1,066$12,792
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$36,548/yr
40% on housing$31,980/yr
45% on housing$28,426/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.2%
5.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.7%
-1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$78This listing

vs Other Active Listings

Avg $/sqft

ZIP 13340$166
Herkimer County$194

vs Homes Sold Last Month

Median $/sqft

ZIP 13340$136
Herkimer County$130

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-12Contingent$119,900
2026-03-21Price change$119,900
2026-01-26Listed for sale$124,900
2023-05-10Listing removed--
2023-05-09Listed for sale$105,000
2022-10-13Sold$54,000
2022-10-11Pending sale$59,000
2022-09-06Listing removed--
2022-08-16Pending sale$59,000
2022-08-11Listed for sale$59,000

For Sale by Agent

AgentLouis DeMichele Jr.
BrokerageeXp Realty

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