MP Home Team

162 Lock Street
Lockport City, NY, 14094
$235,000
8 Beds
3 Baths
3,489 SqFt
0.15 Acres
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MLS #B1677897 image #0
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.

Property Details

Price:
$235,000
MLS #:
B1677897
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Village/Lockport
Neighborhood:
lockportcity290900
Listed Date:
May 5, 2026
Finished Sq Ft:
3,489
Total Sq Ft:
3,489
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1890
Units:
3
Lockport-city-290900Lockportcity290900Village/lockportLockportProbate

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Schools

School District:
Lockport

Interior

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

Exterior

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

Financial

Taxes
$5,336

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 Village/Lockport subdivision, 162 Lock Street Lockport City NY is a Multi Family for sale in Lockport City, NY, 14094. It is listed for $235,000

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