About 98 Washington Street
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.
Features of 98 Washington Street
| MLS® # | B1677885 |
|---|---|
| Price | $199,500 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 2,688 |
| Square Footage | 3049 |
| Acres | 0.07 |
| Year Built | 1870 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 98 Washington Street |
|---|---|
| Area | Lockport-City |
| Subdivision | Township 14 Range Vlg/Loc |
| City | Lockport City |
| County | Niagara |
| State | NY |
| Zip Code | 14094 |
Amenities
| Utilities | Sewer Available, Water Available, Water |
|---|---|
| Features | Corner Lot, Rectangular, Rectangular Lot |
| Parking | Gravel |
| Garages | Gravel |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Laminate, Varies |
|---|---|
| Appliances | Electric Water Heater, Gas Water Heater |
| Heating | Gas, Baseboard |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Crawl Space |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | Corner Lot, Rectangular, Rectangular Lot |
| Construction | Vinyl Siding |
School Information
| District | Lockport |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Cilicia Realty LLC |
|---|