98 Washington Street, Lockport, NY 14094

New - 29 Hours Ago
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Property Description

Fully leased 3-unit investment property delivering approximately a 12% CAP rate, priced at just $74 per square foot. All units are currently tenant-occupied, ensuring immediate and consistent cash flow. Recent capital improvements include a newer roof and gutters, a new staircase to the second floor, updated hot water tanks, and a full renovation of the largest unit completed in 2023-minimizing near-term maintenance costs. Each unit features separate utilities, streamlining management and expense control. All appliances are included in the sale. Located in a highly accessible area with close proximity to shops, restaurants, and public transportation, and near the newer Cornerstone Ice Hockey Stadium Arena-supporting strong rental demand. Available as a standalone purchase or as part of a package with the neighboring property at 162 Lock Street, offering added scale and investment opportunity.

98 Washington Street | MLS# B1677885

This multi-family property located at 98 Washington Street, Lockport, NY 14094 is currently listed for sale with an asking price of $199,500. Washington 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: 0.07 Acres
Stories: 2.0
Taxes: $2,683
Year Built: 1870

Feature Descriptions

Appliances: Electric Water Heater, Gas Water Heater
Days on Site: 1
Exterior: Vinyl Siding
Flooring: Hardwood, Laminate, Varies
Lot: Corner Lot, Rectangular, Rectangular Lot
Lot Dimensions: 56X52
Parcel#: 290900-109-038-0002-057-000
Parking: Gravel
Parking Notes: Gravel
Units: 3
Utilities: Sewer Available, Water Available
Water: Not Connected, Public

Local Schools

School District: Lockport

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Estimated Payment

$ 725.77 per month $444.00 Principal & Interest $223.58 Property Tax $58.19 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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