162 Lock Street, Lockport, NY 14094

New - 29 Hours Ago
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Property Description

Fully leased 3-unit investment property offering approximately an 11% CAP rate, priced at just $67 per square foot. All units are tenant-occupied, providing immediate and stable income from day one. The largest unit has been fully renovated (2024-2025), and the exterior electrical system was updated in 2025, reducing near-term capital expenditure concerns. Each unit features separate utilities, adding efficiency for both ownership and tenant management. All appliances are included in the sale. Ideally located with convenient access to local shops, dining, and public transportation, and situated near the newer Cornerstone Ice Hockey Stadium Arena-enhancing long-term rental appeal. This property is available as a standalone purchase or can be acquired as part of a package with the adjacent property at 98 Washington Street, offering additional scale and investment potential.

162 Lock Street | MLS# B1677897

This multi-family property located at 162 Lock Street, Lockport, NY 14094 is currently listed for sale with an asking price of $235,000. Lock Street is located within the Lockport school district. Search Lockport real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Heating: Gas, Baseboard
Lot Size: 0.15 Acres
Stories: 2.0
Taxes: $5,336
Year Built: 1890

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 1
Exterior: Vinyl Siding
Flooring: Hardwood, Laminate, Varies
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 66X99
Parcel#: 290900-109-038-0002-051-000
Parking: Gravel
Parking Notes: Gravel
Units: 3
Utilities: Sewer Available, Water Connected
Water: Connected, Public

Local Schools

School District: Lockport

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Estimated Payment

$ 1,036.22 per month $523.01 Principal & Interest $444.67 Property Tax $68.54 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Cilicia Realty LLC
Agency Phone: 716-472-3726

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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