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

98 Washington Street, Lockport, NY 14094

New - 20 Hours Ago

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Property Description

Fully leased 3-unit investment property delivering approximately a 12% CAP rate, priced at just $74 per square foot. All units are currently tenant-occupied, ensuring immediate and consistent cash flow. Recent capital improvements include a newer roof and gutters, a new staircase to the second floor, updated hot water tanks, and a full renovation of the largest unit completed in 2023-minimizing near-term maintenance costs. Each unit features separate utilities, streamlining management and expense control. All appliances are included in the sale. Located in a highly accessible area with close proximity to shops, restaurants, and public transportation, and near the newer Cornerstone Ice Hockey Stadium Arena-supporting strong rental demand. Available as a standalone purchase or as part of a package with the neighboring property at 162 Lock Street, offering added scale and investment opportunity.

98 Washington Street | MLS# B1677885

This multi-family property located at 98 Washington Street, Lockport, NY 14094 is currently listed for sale with an asking price of $199,500. Washington Street is located within the Lockport school district. Search Lockport real estate on daniel-gehl.timberlandproperties.com today.

Gallery

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Heating: Gas, Baseboard
Lot Size: 0.07 Acres
Stories: 2.0
Taxes: $2,683
Year Built: 1870

Feature Descriptions

Appliances: Electric Water Heater, Gas Water Heater
Exterior: Vinyl Siding
Flooring: Hardwood, Laminate, Varies
Lot: Corner Lot, Rectangular, Rectangular Lot
Lot Dimensions: 56X52
Parcel#: 290900-109-038-0002-057-000
Parking: Gravel
Parking Notes: Gravel
Units: 3
Utilities: Sewer Available, Water Available
Water: Not Connected, Public

Local Schools

School District: Lockport

Estimate Your Payment

Estimated Payment

$ 725.77 per month $444.00 Principal & Interest $223.58 Property Tax $58.19 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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