Daniel Gehl
Licensed Real Estate Salesperson
REALTOR®
Sidney, NY
Office: (607) 604-4394 (607) 221-6996 Cell

162 Lock Street, Lockport, NY 14094

New - 20 Hours Ago

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Property Description

Fully leased 3-unit investment property offering approximately an 11% CAP rate, priced at just $67 per square foot. All units are tenant-occupied, providing immediate and stable income from day one. The largest unit has been fully renovated (2024-2025), and the exterior electrical system was updated in 2025, reducing near-term capital expenditure concerns. Each unit features separate utilities, adding efficiency for both ownership and tenant management. All appliances are included in the sale. Ideally located with convenient access to local shops, dining, and public transportation, and situated near the newer Cornerstone Ice Hockey Stadium Arena-enhancing long-term rental appeal. This property is available as a standalone purchase or can be acquired as part of a package with the adjacent property at 98 Washington Street, offering additional scale and investment potential.

162 Lock Street | MLS# B1677897

This multi-family property located at 162 Lock Street, Lockport, NY 14094 is currently listed for sale with an asking price of $235,000. Lock Street is located within the Lockport school district. Search Lockport real estate on daniel-gehl.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Heating: Gas, Baseboard
Lot Size: 0.15 Acres
Stories: 2.0
Taxes: $5,336
Year Built: 1890

Feature Descriptions

Appliances: Gas Water Heater
Exterior: Vinyl Siding
Flooring: Hardwood, Laminate, Varies
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 66X99
Parcel#: 290900-109-038-0002-051-000
Parking: Gravel
Parking Notes: Gravel
Units: 3
Utilities: Sewer Available, Water Connected
Water: Connected, Public

Local Schools

School District: Lockport

Estimate Your Payment

Estimated Payment

$ 1,036.22 per month $523.01 Principal & Interest $444.67 Property Tax $68.54 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Cilicia Realty LLC
Agency Phone: 716-472-3726

Shown By

Agent Name: Daniel Gehl
Agent Phone: (607) 221-6996 Cell
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/06/2026. The listing information on this page last changed on 05/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/06/2026 11:30:56 AM EST) or Global MLS (last updated Wed 05/06/2026 11:24:04 AM EST) or New York State Alliance MLS (last updated Wed 05/06/2026 11:24:56 AM EST) or Hudson Valley Catskill Region MLS (last updated Wed 05/06/2026 11:21:45 AM EST) or OneKey MLS (last updated Wed 05/06/2026 11:17:45 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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