Back to Search
Historic Multifamily Residence Opportunity

102 Niagara Street Lockport, NY 14094

New
102 Niagara Street, Lockport, NY, 14094
$329,500
For Sale
Claim this Listing
$329,500

MULTI_FAMILY - Lockport, NY

Property Size3,798 SF
Lot Size0.27 Acres
Price / SF$86.76
AddedJul 15
Days on Market1
Last RefreshJul 15 at 3:06 pm

Property Features for 102 Niagara Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2
Patio and Porch features
Deck, Porch, Patio
Exterior features
Balcony, Deck, FullyFenced, Patio
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Standard status
Active
APN
290900-109-013-0004-062-000
Size
3,798 SF
Lot size
0.27 Acres

Taxes and HOA fees

Tax Annual Amount
6028

Utilities

Heating system
Natural Gas, Other (Heating)
Water source
Public

Building Details

Year built
1888
Floors in Building
3
Number of units
1
Flooring type
Vinyl, Tile, Carpet, Hardwood, Varies
Building materials
ShakeSiding, VinylSiding
Roof type
Shingle

Listing agent Vincent J Ciffa License #10401324771

Listing office WNY Metro Roberts Realty 5687 Main St., cheektowaga, NY

Listing date Jul 15, 2026

MLS# B1698503 Listing URL

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This turn-key historic multifamily residence includes approximately 3,798 square feet and is set up with two kitchens, four bedrooms, and three full baths. The interior features hardwood floors and period details such as intricate woodwork, pocket doors, and stained-glass accents, along with multiple living areas. The home includes two separate staircases, with additional bedrooms, two full baths, a reading loft, generous closet space, and a second kitchen on the upper level. The third floor offers soaring cathedral ceilings and includes a perch-style balcony overlooking the surrounding area.

The property is located in a multi-family zoning district. Buyers should verify all intended uses and applicable City of Lockport code requirements. Exterior features include an oversized covered front porch, rear deck, private fenced backyard, detached two-car garage, additional outbuilding, and a walk-out basement that can provide storage and workspace.

Reported major updates include a roof installed in 2012, a complete electrical update in 2011, sewer line replacement in 2015, and a boiler installed in 2011 with annual service by Roy’s Heating & Cooling. The home also has 220-amp electric service, a generator hookup, and three hot water tanks (one connected).

Key Highlights

  • Almost 4,000 sq ft home built in 1888 with a current layout of 2 kitchens, 4 bedrooms, and 3 full baths
  • Multiple living areas plus distinctive interior features including hardwood floors, pocket doors, and stained‑glass accents
  • Fireplace, pocket doors, and pocket‑door style layout details throughout with several bedrooms and bathrooms on the main and upper levels

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $57.9k $15.24
− Vacancy −$4.1k −$1.07
EGI $53.8k $14.17
− OpEx −$24.2k −$6.38
NOI $29.6k $7.80
3,798 SF · lease $15.24/SF/yr · vacancy 7.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$422.9K
$370.1K – $493.4K (±1% cap)
NOI $29,606 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.23M
$2.82M – $3.77M (±1% cap)
NOI $225,900 @ 7.0% cap · market cap 68.56%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Building Supply Electrical Service Big Box & Wholesale Store Kitchen & Bath Showroom Restaurant Spa & Massage Center Food Market Nursing Home Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Turn-key multifamily property offers multiple kitchens, bedrooms, full baths, and separate staircases across three levels.
Where is this multifamily property located?
The property is located at 102 Niagara Street Lockport, NY.
What is the asking price?
The asking price for this property is $329,500.
What are key features of this property?
This property features: Almost 4,000 sq ft home built in 1888 with a current layout of 2 kitchens, 4 bedrooms, and 3 full baths; Multiple living areas plus distinctive interior features including hardwood floors, pocket doors, and stained‑glass accents; Fireplace, pocket doors, and pocket‑door style layout details throughout with several bedrooms and bathrooms on the main and upper levels
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message