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98 Washington Street, 
Lockport, NY 14094

$199,500


6

Beds


3

Baths


2,688

Sq Ft


Multi-Family

Active

Listed by

Edward Shvartsberg

Cilicia Realty LLC.

716-472-3726

Last updated:

May 16, 2026, 02:54 PM

MLS#

B1677885

Source:

NY GENRIS

About This Home

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.

Home Facts

Multi-Family

3 Baths

6 Bedrooms

Built in 1870

Price Summary

199,500

$74 per Sq. Ft.

MLS #:

B1677885

Last Updated:

May 16, 2026, 02:54 PM

Added:

11 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,688 Sq. Ft.


Structure

Structure

Building Area:

2,688 Sq. Ft.

Year Built:

1870


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$199,500

Price per Sq. Ft:

$74 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.