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    274 Washburn St Lockport, NY 14094

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    For Sale
    $155,000

    Five-unit multifamily property in Lockport, ideal for renovation.

    Lot size:
    0.09 Acres

    Property Features for 274 Washburn St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1900

    Source: HUNT Real Estate Corporation Agent Crystal Moye

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lockport Multifamily Investment Opportunity

    Located on Washburn Street in Lockport, this property features a five-unit multifamily building. The building includes four one-bedroom apartments and one two-bedroom apartment. The property is being sold as-is and requires renovation. Each unit is separately metered for gas and electric. The location provides convenient access to local shops, dining options, and public transportation, making it a potentially attractive location for tenants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.686158
    Latitude
    43.166897

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    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property in Lockport, ideal for renovation.
    Where is this apartment building located?
    The property is located at 274 Washburn St Lockport, NY.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: - Five-unit multi-family property with a mix of one and two-bedroom apartments.; - Separately metered gas and electric for all units.; - Opportunity for investors or contractors to add value through renovation.
    (716) 401-9200
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    274 Washburn St Lockport, NY 14094
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    Lockport, NY 14094
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    274 Washburn St Lockport, NY 14094
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