Two-Unit Duplex with Separate
286 Washington Street, Lockport, NY 14094
For Sale
New
$159,900
One apartment is leased long term, while the other is vacant and recently updated.
Property Size1,454 SF
Days on Market4
Property Features for 286 Washington Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryer
Building Details
Building Size
Year Built
Buildings
Listing Agency:
HUNT Real Estate ERA
Listed By:
Kathleen M DiMillo · License NY 40DI1122430
(716) 622-0530
Source:
Highfallssir
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:18PM
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 HUNT Real Estate ERA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1850 duplex contains a two-bedroom lower apartment and a one-bedroom upper apartment. The upper unit has newer flooring and windows, and appliances are included. Each residence has its own entrance and driveway, with separate utilities and two boilers and two hot water heaters serving the property. One water heater is one year old; the other is five years old.
A washer and dryer are in the lower apartment, and the basement has an additional washer and dryer hookup, glass block windows, and interior access from the home. The yard has newer landscaping. The lower apartment has a long-term tenant, while the upper apartment is vacant.
A washer and dryer are in the lower apartment, and the basement has an additional washer and dryer hookup, glass block windows, and interior access from the home. The yard has newer landscaping. The lower apartment has a long-term tenant, while the upper apartment is vacant.
Key Highlights
- Two‑unit duplex built in 1850
- Two‑bedroom lower apartment with long‑term tenant
- Vacant one‑bedroom upper apartment with newer floors and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,770
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,400
$255.4K
Cap Rate 7%
$182,429
$182.4K
Cap Rate 9%
$141,889
$141.9K
Market Conditions
NOI Build-Up for 1,454 SF
Gross rent
$19.5K $13.44/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$18.2K $12.55/SF
− OpEx
−$5.5K −$3.76/SF
NOI
$12.8K $8.78/SF
Area
Niagara County, NY
Vacancy
6.65%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,400
Cap Rate 7%
$182,429
Cap Rate 9%
$141,889
Alternative Uses
Best Use
Multifamily LT 5
$182.4K
$159.6K – $212.8K
NOI $12,770 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$161.9K
$141.7K – $188.9K
NOI $11,334 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
557
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
$186,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Lockport, NY
Properties on Market for Duplexes in Lockport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One apartment is leased long term, while the other is vacant and recently updated.
Where is this duplex located?
The property is located at 286 Washington Street Lockport, NY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1850; Two‑bedroom lower apartment with long‑term tenant; Vacant one‑bedroom upper apartment with newer floors and windows
