MP Home Team

51-55 Washington Street
Lockport City, NY, 14094
$1,190,000
Beds
0 Baths
9,578 SqFt
0 Acres
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MLS #B1645844 image #0
Discover an exceptional turnkey multifamily investment at Lockport Views Apartments, a well-established residential community offering immediate cash flow and substantial growth potential. Nestled in the historic Lockport area, this property features three modern buildings comprising 12 spacious units, 11 fully updated with contemporary finishes, energy-efficient appliances, and thoughtful amenities designed for resident comfort and retention. The property has undergone comprehensive renovations from top to bottom, including refreshed interiors newer mechanics, windows, upgraded common areas, and enhanced landscaping, ensuring low maintenance costs and high tenant appeal. From efficient kitchens to durable flooring, every detail has been updated to meet today’s market demands.

Cleared land for the potential construction of an additional 22 units, transforming this already profitable asset into a larger-scale operation. This opportunity could nearly double the property’s footprint and revenue stream—perfect for visionary investors looking to scale.

Lockport Views Apartments combines the security of a proven performer with the excitement of future development, all in a location with easy access to local amenities, schools, and commuting routes. Whether you’re a seasoned real estate professional or a first-time multifamily buyer, this property delivers immediate value and long-term upside. Square Footage is all the buildings combined.

Property Details

Price:
$1,190,000
MLS #:
B1645844
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Apartment
Neighborhood:
lockportcity290900
Listed Date:
Oct 20, 2025
Finished Sq Ft:
9,578
Total Sq Ft:
9,578
Year Built:
1940
Lockport-city-290900Lockportcity290900LockportLockport HighProbate

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Schools

School District:
Lockport
High School:
Lockport High

Interior

Flooring
Carpet, Linoleum, Other, See Remarks, Vinyl
Heating
Gas, Forced Air

Exterior

Construction Materials
Frame, Other, Wood Siding
Parking Features
Driveway, Other, See Remarks, Surfaced
Parking Spots
20
Roof
Asphalt

Financial

Net Operating Income
$91,233
Taxes
$11,421

Map

Community

Market Summary

Current real estate data for Commercial in Lockport City as of Feb 06, 2026
12
Commercial Listed
236
Avg DOM
49
Avg $ / SqFt
$675,300
Avg List Price

Property Summary

    51-55 Washington Street Lockport City NY is a Commercial for sale in Lockport City, NY, 14094. It is listed for $1,190,000

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