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.
Listing By
Agency Name: Cilicia Realty LLC
Agency Phone: 716-472-3726
Shown By
Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234
Estimated Payment
$ 1,036.22 per month $523.01 Principal & Interest $444.67 Property Tax $68.54 Homeowner's Insurance
162 Lock Street | MLS# B1677897
This home located at 162 Lock Street , Lockport, NY 14094 is currently listed for sale with an asking price of $235,000. This property was built in 1890 and has 8 bedrooms and 3 full baths with 3489 sq. ft. Lock Street is located in the Village/Lockport subdivision within the Lockport school district. Search Village/Lockport real estate on www.mjpeterson.com today.