162 Lock Street
Lockport, NY 14094 · Niagara County
Price
$235,000
Bed / Bath
8 bd · 3 ba
Interior
3,489 sqft
Lot
6,534 sqft lot
Built
1890
About this home
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.
Appliances
- Gas Water Heater
Mechanical
Heating
Gas, Baseboard
Schools
District
Lockport
Tax & finance
Annual taxes
$5,336
Financing
Cash · Conventional · FHA · VaLoan
MLS Attribution
Listing courtesy of Cilicia Realty LLC. Listing agent: Edward Shvartsberg. Data last updated 5/6/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.
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