MP Home Team

98 Washington Street
Lockport City, NY, 14094
$199,500
6 Beds
3 Baths
2,688 SqFt
0.07 Acres
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MLS #B1677885 image #0
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.

Property Details

Price:
$199,500
MLS #:
B1677885
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Township 14 Range Vlg/Loc
Neighborhood:
lockportcity290900
Listed Date:
May 5, 2026
Finished Sq Ft:
2,688
Total Sq Ft:
2,688
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1870
Units:
3
Lockport-city-290900Lockportcity290900Township 14 Range Vlg/locLockportProbate

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Schools

School District:
Lockport

Interior

Appliances
Electric Water Heater, Gas Water Heater
Bathrooms
3 Full Bathrooms
Flooring
Hardwood, Laminate, Varies
Heating
Gas, Baseboard
Levels
Two

Exterior

Construction Materials
Vinyl Siding
Lot Features
Corner Lot, Rectangular, Rectangular Lot
Parking Features
Gravel
Stories
2

Financial

Taxes
$2,683

Map

Community

Market Summary

Current real estate data for Multi Family in Lockport City as of Sep 02, 2026
31
Multi Family Listed
83
Avg DOM
62
Avg $ / SqFt
$207,464
Avg List Price

Property Summary

    Located in the Township 14 Range Vlg/Loc subdivision, 98 Washington Street Lockport City NY is a Multi Family for sale in Lockport City, NY, 14094. It is listed for $199,500

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