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Michelle Thompson

saratogaunion@aol.com +1(315) 794-3260

$ 235,000

Est. payment -/mo

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Active

162 Lock ST Lockport, NY 14094

8 Beds

3 Baths

3,489 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,489 sqft

Price per Sqft $67

Subdivision Village/Lockport

MLS Listing ID B1677897

Bedrooms 8

Full Baths 3

Construction Status Existing

HOA Y/N No

Year Built 1890

Annual Tax Amount $5,336

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 66X99

Property Sub-Type Multi Family

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.

Location

State NY

County Niagara

Community Village/Lockport

Area Lockport-City-290900

Rooms

Basement Crawl Space

Interior

Heating Gas, Baseboard

Flooring Hardwood, Laminate, Varies

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Sewer Available, Water Connected

Building

Lot Description Rectangular, Rectangular Lot

Story 2

Water Connected, Public

Level or Stories Two

Structure Type Vinyl Siding

Construction Status Existing

Schools

School District Lockport

Others

Senior Community No

Tax ID 290900-109-038-0002-051-000

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

Lic. RE Salesperson | License ID: 40FA1156159

+1(315) 794-3260

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Michelle Thompson

162 Lock ST Lockport, NY 14094

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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162 Lock ST