3,489 Sq. Ft.
$67 / Sq. Ft.
3,489
Sq. Ft.
$67
per Sq. Ft.

Description

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...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.
  1. Listed by Edward Shvartsberg • Cilicia Realty LLC
    P: (716)-472-3726 C: (716)-472-3726 edward@ciliciarealty.com

Property Details for 162 Lock Street

Subdivision Comm Complex
Village/Lockport
On Waterfront
No
Parking Description
Gravel
Nearest Cross Street
Washington St
LISTING UPDATED: 05/05/2026 09:37 PM

Property Details for 162 Lock Street

StatusActive
MLS #B1677897
Days on Market41
Taxes$5,336 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1890
Lot Size0.15 AC / 6,534 SF
CountyNiagara County

Location

Listing Courtesy of Cilicia Realty LLC
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Building Information for 162 Lock Street

Stories2Residences3Year Built1890Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$1,616 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,171

Property Taxes

$445

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 162 Lock Street

Summary
Location and General Information
  • Elementary School District: Lockport
  • High School District: Lockport
  • Middle Or Junior School District: Lockport
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Lockport-City-290900
  • Tax Annual Amount: $5,336.00
Property
Lot Information
  • Building Area Total: 3489.0
  • Land Features: Rectangular, Rectangular Lot
  • Num Of Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Square Feet: 6534.0
  • Lot Size Units: Acres
  • Parcel Number: 290900-109-038-0002-051-000
  • Road Frontage: Main Thoroughfare
  • Lot Number: 51
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $159,000
  • Year Built: 1890
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 3
  • Num Of Gas Meters: 3
  • Utilities Available: Sewer Available, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Crawl Space
  • Num Of Possible Bedrooms: 8
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Laminate, Varies
  • Heating: Gas, Baseboard
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 3489.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $824.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: ,Living Room,Other - See Remarks
  • Unit Type Total Rent: $824.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 824
Unit 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: ,Living Room,Other - See Remarks
  • Unit Type Total Rent: $850.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 850
Unit 3
  • Unit Type Actual Rent: $1,275.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Features: ,Living Room,Other - See Remarks
  • Unit Type Total Rent: $1,275.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1275
Rental
Rental Information
  • Rent Includes: Water

Property History for 162 Lock Street

DateEvent & SourcePriceAppreciation
May 5, 2026

Listed (Active)

WNYREIS #B1677897

$235,000
Oct 28, 2024

Sold

WNYREIS #B1539678

$155,000
Jul 18, 2024

Contract Out

WNYREIS #B1539678

DateEvent & SourcePrice
05/05/2026

Listed (Active)

WNYREIS #B1677897

$235,000
10/28/2024

Sold

WNYREIS #B1539678

$155,000
07/18/2024

Contract Out

WNYREIS #B1539678

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 162 Lock Street

Taxable ValueLand$4,900Additions$164,100Total$169,000
Home Facts
Baths3Total Finished SqFt3,489 SqFtAbove Grade Finished SqFt3,489 SqFtStories2Lot Size6,534 SqFtStyleTriplexYear Built1890ZoningR3CountyNIAGARAAPN290900 109.38-2-51

Schools near 162 Lock Street

This home is within Lockport City School District.
Rating
School
Type
Grades
Distance
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Emmet Belknap Intermediate School
Public5 to 6

North Park Junior High School
Public7 to 8

Lockport High School
Public9 to 12

Anna Merritt Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

162 Lock Street is a multi-family home for sale in Lockport City, NY 14094. This property was listed for sale on May 5, 2026 by Cilicia Realty LLC, it's currently listed at $235,000. It has been on the market for a total of 41 days and was last sold on October 28, 2024. This listing's school district is Lockport City School District. Nearby schools include Emmet Belknap Intermediate School, North Park Junior High School and Lockport High School. 162 Lock Street is a 8-bed, 3-bath, 3,489 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cilicia Realty LLC

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.