Turnkey 6-Unit Brick
For Sale
$950,000
6293 Robinson Road, Lockport, NY 14094
Fully renovated, fully occupied brick multifamily with coin-operated laundry and a 12-space private parking lot.
Property Size6,204 SF
Price / SF$153.13
Days on Market96
Property Features for 6293 Robinson Road
General Information
Standard status
Active
Size
6,204 SF
Total Parking Spaces
12
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$9,950
Building Details
Building Size
6,204 SF
Year Built
1979
Year Renovated
2023
Tenancy
Multi
Listing Agency:
WNYbyOwner.com
Listed By:
Robyn Sansone · License #10491209960
(716) 523-8508
Source:
Highfallssir
Added: Jul 14
Changed: Oct 4
Last Checked: Oct 16 at 4:53PM
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 WNYbyOwner.com
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Investment Insights
Based on property information with market context.
This turnkey 6-unit brick multifamily has completed a comprehensive top-to-bottom renovation, with multiple building systems and finishes updated throughout. The property features brand-new kitchens with stainless steel appliances, renovated bathrooms, new flooring, new doors and hardware, updated lighting inside and out, and new balcony doors and balcony flooring. Mechanical and comfort upgrades include new electric radiators throughout and new A/C units in every apartment. A new commercial coin-operated laundry system is also included. The building has sound insulation between units and a security camera system, along with secure tenant mailboxes.
The property includes seven separate electric meters, with one meter per apartment plus a landlord/common area meter. It is served by a 12-space private parking lot. The building is fully electric.
The asset is fully occupied and professionally maintained. Management is available after closing for a hands-off ownership approach, including rent collection and accounting, tenant relations, maintenance and repairs, leasing and renewals, and day-to-day operations. Appointments are required and proof of funds is required for showings.
The property includes seven separate electric meters, with one meter per apartment plus a landlord/common area meter. It is served by a 12-space private parking lot. The building is fully electric.
The asset is fully occupied and professionally maintained. Management is available after closing for a hands-off ownership approach, including rent collection and accounting, tenant relations, maintenance and repairs, leasing and renewals, and day-to-day operations. Appointments are required and proof of funds is required for showings.
Key Highlights
- Turnkey 6‑unit brick multifamily, fully occupied, totaling 6,204 SF with 12 bedrooms and 6 baths
- 2023 top‑to‑bottom renovation includes new roof, all new windows, brand‑new kitchens, and full bath remodels
- Fully electric building with 7 separate electric meters (one per apartment plus landlord/common area meter) and electric radiators throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,362
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,240
$967.2K
Cap Rate 7%
$690,886
$690.9K
Cap Rate 9%
$537,356
$537.4K
Market Conditions
NOI Build-Up for 6,204 SF
Gross rent
$94.5K $15.24/SF
− Vacancy
−$6.6K −$1.07/SF
EGI
$87.9K $14.17/SF
− OpEx
−$39.6K −$6.38/SF
NOI
$48.4K $7.80/SF
Area
Niagara County, NY
Vacancy
7.00%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,240
Cap Rate 7%
$690,886
Cap Rate 9%
$537,356
Alternative Uses
Best Use
Apartment 5plus
$690.9K
$604.5K – $806.0K
NOI $48,362 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.27M
$4.61M – $6.15M
NOI $369,006 @ 7.0% cap · market cap 38.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
338
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
Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated, fully occupied brick multifamily with coin-operated laundry and a 12-space private parking lot.
Where is this apartment building located?
The property is located at 6293 Robinson Road Lockport, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Turnkey 6‑unit brick multifamily, fully occupied, totaling 6,204 SF with 12 bedrooms and 6 baths; 2023 top‑to‑bottom renovation includes new roof, all new windows, brand‑new kitchens, and full bath remodels; Fully electric building with 7 separate electric meters (one per apartment plus landlord/common area meter) and electric radiators throughout
