Renovated Triplex
For Sale
$199,500
98 Washington Street, Lockport, NY 14094
Three separately serviced residences are leased, with recent building upgrades and appliances included in the sale.
Property Size2,688 SF
Days on Market104
Property Features for 98 Washington Street
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multi Family
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
12%
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,683
Building Details
Building Size
2,688 SF
Year Built
1870
Buildings
1
Tenancy
Multi
Listing Agency:
Cilicia Realty LLC
(716) 472-3726
Listed By:
Edward Shvartsberg · License #10491213075
(716) 472-3726
Source:
Highfallssir
Added: May 5
Changed: Aug 15
Last Checked: Aug 15 at 12:48PM
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 Cilicia Realty LLC
Investment Insights
Based on property information with market context.
This three-unit residential property, built in 1870, is fully leased and includes separate utilities for each residence. Recent work includes a newer roof and gutters, a new staircase serving the second floor, updated hot water tanks, and a complete renovation of the largest unit in 2023. Appliances are included with the sale, and the property is reported at approximately a 12% cap rate.
The property is located in Lockport City near shops, restaurants, public transportation, and the newer Cornerstone Ice Hockey Stadium Arena. It may be acquired independently or together with the neighboring property at 162 Lock Street. The combination of three occupied units, individual utilities, and documented improvements provides a straightforward existing configuration for a multifamily buyer.
The property is located in Lockport City near shops, restaurants, public transportation, and the newer Cornerstone Ice Hockey Stadium Arena. It may be acquired independently or together with the neighboring property at 162 Lock Street. The combination of three occupied units, individual utilities, and documented improvements provides a straightforward existing configuration for a multifamily buyer.
Key Highlights
- Fully leased three‑unit property built in 1870
- Approximately 12% cap rate
- Largest unit fully renovated in 2023
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
909
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately serviced residences are leased, with recent building upgrades and appliances included in the sale.
Where is this triplex located?
The property is located at 98 Washington Street Lockport, NY.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: Fully leased three‑unit property built in 1870; Approximately 12% cap rate; Largest unit fully renovated in 2023
