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98 Washington St

Lockport NY 14094

6
3
2688 sq. ft.
3049 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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

6 bedrooms
3 bathrooms
2688 sq. ft. floor area
3049 sq. ft. lot size
Multi-Family

Property history for 98 Washington St

2023
Sold
$78,000
05 Oct 2023 by Kunji Maya Rey, of Towne Housing Real Estate
2021
Sold
$135,000
16 Aug 2021 by Charles Glander, of Avant Realty LLC
2018
Sold
$25,500
15 Jan 2018 by Samir Haddad, of Howard Hanna WNY Inc.

Happy sellers in Lockport

92%
92% of sellers in Lockport reported that their sale price either exceeded or met their price expectations.

Lockport stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Lockport over the last 12 months.

Local market activity for 6 bedroom multi families in Lockport

In the last 12 months, 1 six-bedroom multi family similar to 98 Washington St, have been sold.

This represents a 89% increase in six-bedroom multi families sales when compared to the previous 12 months.

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