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56-Unit Apartment Building
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261 BEATTIE AVE, Lockport, NY 14094

Renovated apartment property with updated building systems, roofing, windows, doors, and copper plumbing.

Property Size7,692 SF
Price / SF$734.53
Days on Market5

Property Features for 261 BEATTIE AVE

General Information

Standard status Active
Size 7,692 SF
Class A
Total Parking Spaces 75
Property subtype Multifamily
Occupancy 96%
Investment Type Value Add
Net Operating Income $426,664

Units

Unit Mix 56 x 2-bedroom
Multifamily Units 56

Building Details

Year Built 1973
Year Renovated 1990
Buildings 7
Stories 2
Units 56
Listing Agency: Greco Real Estate
Listed By: Chris Greco · License #10491210541
Source: Crexi
Added: Aug 12 Changed: Aug 15 Last Checked: Aug 15 at 3:33AM

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 Greco Real Estate

Investment Insights

Based on property information with market context.

This apartment property contains 56 two-bedroom units and was originally built in 1973. The buildings have undergone substantial updates, including replacement windows and doors, durable roofing, and improvements to the mechanical systems. Modern circuit breakers and copper plumbing are also in place across the property.

The property is located in Lockport, NY, near shopping, dining, and entertainment options. Its unit configuration and renovated building components provide a clear residential income property profile for multifamily ownership.

Key Highlights

  • 56 two‑bedroom apartment units
  • Built in 1973
  • Renovated with updated windows, doors, roofing, and mechanical systems

Property Analytics

Current Use

Higher Grounds Apartments Apartment Complex

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

56
Residential units

Location Intelligence

Trade Area within ½ mile

114
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated apartment property with updated building systems, roofing, windows, doors, and copper plumbing.
Where is this apartment building located?
The property is located at 261 BEATTIE AVE Lockport, NY.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: 56 two‑bedroom apartment units; Built in 1973; Renovated with updated windows, doors, roofing, and mechanical systems
(716) 570-7600 Call to check price and availability
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