About 162 Lock Street
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.
Features of 162 Lock Street
| MLS® # | B1677897 |
|---|---|
| Price | $235,000 |
| Bedrooms | 8 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 3,489 |
| Square Footage | 6534 |
| Acres | 0.15 |
| Year Built | 1890 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 162 Lock Street |
|---|---|
| Area | Lockport-City |
| Subdivision | Village/Lockport |
| City | Lockport City |
| County | Niagara |
| State | NY |
| Zip Code | 14094 |
Amenities
| Utilities | Sewer Available, Water Connected, Water |
|---|---|
| Features | Rectangular, Rectangular Lot |
| Parking | Gravel |
| Garages | Gravel |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Laminate, Varies |
|---|---|
| Appliances | 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 | 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 |
|---|