98 Washington ST, Lockport, NY 14094
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98 Washington ST, Lockport, NY 14094
98 Washington ST, Lockport, NY 14094
98 Washington ST, Lockport, NY 14094
98 Washington ST, Lockport, NY 14094
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Michelle Thompson

Michelle Thompson

+1(315) 794-3260
$ 199,500
Est. payment /mo
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98 Washington ST Lockport, NY 14094

6 Beds

3 Baths

2,688 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,688 sqft

Price per Sqft $74

Subdivision Township 14 Range Vlg/Loc

MLS Listing ID B1677885

Bedrooms 6

Full Baths 3

Construction Status Existing

HOA Y/N No

Year Built 1870

Annual Tax Amount $2,683

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 56X52

Property Sub-Type Multi Family

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.

Location

State NY

County Niagara

Community Township 14 Range Vlg/Loc

Area Lockport-City-290900

Rooms

Basement Crawl Space

Interior

Heating Gas, Baseboard

Flooring Hardwood, Laminate, Varies

Fireplace No

Appliance Electric Water Heater, Gas Water Heater

Exterior

Utilities Available Sewer Available, Water Available

Building

Lot Description Corner Lot, Rectangular, Rectangular Lot

Story 2

Water Not Connected, Public

Level or Stories Two

Structure Type Vinyl Siding

Construction Status Existing

Schools

School District Lockport

Others

Senior Community No

Tax ID 290900-109-038-0002-057-000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by Cilicia Realty LLC

NEARBY SCHOOLS & PROPERTIES

Michelle Thompson

Michelle Thompson

Lic. RE Salesperson | License ID: 40FA1156159

+1(315) 794-3260

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