18 Russell Street, Lockport, NY 14094
- Added:
- Mar 30, 2026
- Days on Market:
- 75
- Last Refresh:
- Jun 12 at 6:06 am
Property Features for 18 Russell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1
- Interior features
- BedroomOnMainLevel
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 290900-123-029-0001-023-000
- Size
- 1,520 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4009
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Varies, Tile
- Building materials
- VinylSiding, CopperPlumbing, PexPlumbing
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Viktoriya Matskevich License #10401265894 (716) 909-7006
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date Mar 30, 2026
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.
HighLights
- Updated upper‑lower duplex with 2 move‑in‑ready units, each offering 2 bedrooms and 1 full bathroom
- Separate electric and water meters; work order submitted to NYSEG for a second electric meter
- Updated electrical, furnace, and HVAC systems in place for mechanical peace of mind
- Exterior updates include fresh vinyl siding and newer vinyl windows
- Forced‑air natural gas heating; public water source; roof with asphalt shingles
- Built in 1920 with copper and PEX plumbing; mix of tile and laminate flooring
Overview
Local Financial Insights For Multifamily LT 5
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 | $20.4k | $13.44 |
| − Vacancy | −$1.4k | −$0.89 |
| EGI | $19.1k | $12.55 |
| − OpEx | −$5.7k | −$3.76 |
| NOI | $13.3k | $8.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lockport
- County
- Niagara
- State
- New York
- Longitude
- -78.698867
- Latitude
- 43.158046
