Fully Leased 3-Unit
For Sale
$235,000
162 Lock Street, Lockport, NY 14094
Three tenant-occupied units with separate utilities, including a recently renovated largest unit and 2025 exterior electrical updates.
Property Size3,489 SF
Days on Market131
Property Features for 162 Lock Street
General Information
Standard status
Active
Size
3,489 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Cap Rate
11%
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,336
Building Details
Building Size
3,489 SF
Year Built
1890
Year Renovated
2025
Listing Agency:
Cilicia Realty LLC
Listed By:
Edward Shvartsberg · License #10491213075
(716) 472-3726
Source:
Highfallssir
Added: May 5
Changed: Sep 2
Last Checked: Sep 12 at 9:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cilicia Realty LLC
Investment Insights
Based on property information with market context.
This fully leased 3-unit triplex is set up for immediate occupancy with all units currently tenant-occupied. Each unit has separate utilities, and all appliances are included with the sale. The largest unit was fully renovated during 2024–2025, and the exterior electrical system was updated in 2025.
The property is described as having convenient access to local shops, dining, and public transportation. It is also situated near the Cornerstone Ice Hockey Stadium Arena, supporting ongoing rental demand. The offering is available as a standalone purchase, or it may be acquired as part of a package with the adjacent property at 98 Washington Street for additional scale.
The property is described as having convenient access to local shops, dining, and public transportation. It is also situated near the Cornerstone Ice Hockey Stadium Arena, supporting ongoing rental demand. The offering is available as a standalone purchase, or it may be acquired as part of a package with the adjacent property at 98 Washington Street for additional scale.
Key Highlights
- Fully leased 3‑unit investment property with tenant‑occupied units and separate utilities for each unit
- Largest unit was fully renovated in 2024–2025
- Exterior electrical system updated in 2025
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 14094, NY
50,969
Population
23,283
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
121.7 sq mi
ZIP Area
419
Density / Sq Mi
$73,354
Median Household Income
$45,056
Median Earnings
$869
Median Rent
$186,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three tenant-occupied units with separate utilities, including a recently renovated largest unit and 2025 exterior electrical updates.
Where is this triplex located?
The property is located at 162 Lock Street Lockport, NY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Fully leased 3‑unit investment property with tenant‑occupied units and separate utilities for each unit; Largest unit was fully renovated in 2024–2025; Exterior electrical system updated in 2025
