98 Washington Street
Lockport, NY 14094 · Niagara County
Price
$199,500
Bed / Bath
6 bd · 3 ba
Interior
2,688 sqft
Lot
3,049 sqft lot
Built
1870
About this home
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.
Appliances
- Electric Water Heater
- Gas Water Heater
Mechanical
Heating
Gas, Baseboard
Schools
District
Lockport
Tax & finance
Annual taxes
$2,683
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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