Stabilized 11-Unit Apartment
For Sale
$999,900
55 Washington Street Lockport City, Ny, NY 14094
Tenants pay for heat and electric; three buildings, storage shed, and parking support current income with expansion potential.
Property Size9,580 SF
Price / SF$104.37
Days on Market49
Property Features for 55 Washington Street Lockport City
General Information
Standard status
Active
Size
9,580 SF
Property subtype
MultiFamily
Net Operating Income
$81,788
Additional Details
Business Included
Yes
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$11,381
Amenities
Full,None,Partial
Carpet,Laminate,Other,SeeRemarks,Tile,Varies,Vinyl
Yes
No
2
11
IrregularLot,NearPublicTransit,ResidentialLot
Connected,Public
1.5
109X91
OneAndOneHalfSpaces,NoGarage
BlacktopDriveway,Deck
CityStreet
9580.0
5
12
Building Details
Building Size
9,580 SF
Year Built
1940
Stories
2
Tenancy
Multi
Listing Agency:
Network One Realty
(716) 359-6089
Listed By:
Jon Shingledecker · License #10371200173
(716) 359-6089
Source:
Thegambitteam
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 20 at 4:17AM
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 Network One Realty
Investment Insights
Based on property information with market context.
The Lockport Views apartments present a stabilized 11-unit multifamily complex made up of three separate buildings, along with a storage shed and ample off-street parking. The property is described as having undergone substantial capital expenditures by the ownership, and the layout also includes an opportunity to add a 12th apartment unit by utilizing existing space on the ground level of one building. Tenants pay for heat and electric.
The community is located close to the City of Lockport and public transportation, providing convenient day-to-day access for residents and visitors. The site includes additional acreage that supports a future development component.
For buyers or operators seeking a multifamily asset with room to plan beyond the current configuration, this property offers both present-day income from the 11 units and outlined development upside for up to 22 residential units on the additional acreage. The combination of an operating complex, tenant-paid utilities, and on-site parking may appeal to investors looking to manage a straightforward multifamily operation while evaluating longer-range site strategy. Please review the supplements for income and expense details and additional highlights.
The community is located close to the City of Lockport and public transportation, providing convenient day-to-day access for residents and visitors. The site includes additional acreage that supports a future development component.
For buyers or operators seeking a multifamily asset with room to plan beyond the current configuration, this property offers both present-day income from the 11 units and outlined development upside for up to 22 residential units on the additional acreage. The combination of an operating complex, tenant-paid utilities, and on-site parking may appeal to investors looking to manage a straightforward multifamily operation while evaluating longer-range site strategy. Please review the supplements for income and expense details and additional highlights.
Key Highlights
- 11‑unit multifamily complex (3 buildings) plus storage shed
- Tenants pay for heat and electric
- Building area total: 9,580 SF; 2 total stories; 11 bedrooms
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
29,953
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Tenants pay for heat and electric; three buildings, storage shed, and parking support current income with expansion potential.
Where is this apartment building located?
The property is located at 55 Washington Street Lockport City Ny, NY.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 11‑unit multifamily complex (3 buildings) plus storage shed; Tenants pay for heat and electric; Building area total: 9,580 SF; 2 total stories; 11 bedrooms
