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
See this Listing
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
- Address162 Lock Street Lockport City NY
- SubdivisionVillage/Lockport
- CityLockport City
- CountyNiagara
- Zip Code14094
Subdivisions in Lockport City
- Allen & Delude
- Allen & Delude Purchase
- City Lockport
- City/Lockport
- Colonial Mdws
- Common/Lockport
- Haines
- Holland Land Co Purchase
- Holland Land Co Surv
- Holland Land Company’s Su
- Holland Land Companys
- Holland Land Companys Lan
- Holland Land Companys Pur
- Holland Purchase
- Jesse P Haines
- Lincolnshire Estates Pt 0
- Lock Street
- Lockwoods
- Map
- Microfilmed
- Park Lane Circle Pt 01
- Professional Office Park
- Rogers Heights
- Saeger
- Section 10946
- Stuyvesant Acres
- Village/Lockport
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
Similar Listings Nearby
Courtesy of Cilicia Realty LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 162 Lock Street
Lockport City, NY

