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162 Lock Street, 
Lockport, NY 14094

$235,000


8

Beds


3

Baths


3,489

Sq Ft


Multi-Family

Active

Listed by

Edward Shvartsberg

Cilicia Realty LLC.

716-472-3726

Last updated:

May 14, 2026, 02:55 PM

MLS#

B1677897

Source:

NY GENRIS

About This Home

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.

Home Facts

Multi-Family

3 Baths

8 Bedrooms

Built in 1890

Price Summary

235,000

$67 per Sq. Ft.

MLS #:

B1677897

Last Updated:

May 14, 2026, 02:55 PM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

3,489 Sq. Ft.


Structure

Structure

Building Area:

3,489 Sq. Ft.

Year Built:

1890


Lot

Lot Size (Sq. Ft):

6,534


Finances & Disclosures

Finances

Price:

$235,000

Price per Sq. Ft:

$67 per Sq. Ft.

Source:NY GENRIS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.