162 Lock St Lockport, NY 14094
Estimated payment $1,699/month
Highlights
- Wood Flooring
- Baseboard Heating
- Rectangular Lot
About This Home
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.
Listing Agent
Listing by Cilicia Realty LLC License #10491213075 Listed on: 05/05/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,336
Year Built
- Built in 1890
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 66x99
- Rectangular Lot
Parking
- Gravel Driveway
Home Design
- Vinyl Siding
Interior Spaces
- 3,489 Sq Ft Home
- 2-Story Property
- Crawl Space
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Tax Lot 51
- Assessor Parcel Number 290900-109-038-0002-051-000
Community Details
Overview
- 3 Units
- Village/Lockport Subdivision
Building Details
- 3 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,322 | $169,000 | $4,900 | $164,100 |
| 2024 | $4,322 | $159,000 | $4,900 | $154,100 |
| 2023 | $4,278 | $153,000 | $4,900 | $148,100 |
| 2022 | $3,291 | $140,000 | $4,900 | $135,100 |
| 2021 | $3,032 | $76,900 | $3,400 | $73,500 |
| 2020 | $2,967 | $76,900 | $3,400 | $73,500 |
| 2019 | $665 | $76,900 | $3,400 | $73,500 |
| 2018 | $2,145 | $76,900 | $3,400 | $73,500 |
| 2017 | $2,138 | $76,900 | $3,400 | $73,500 |
| 2016 | $2,070 | $76,900 | $3,400 | $73,500 |
| 2015 | -- | $76,900 | $3,400 | $73,500 |
| 2014 | -- | $76,900 | $3,400 | $73,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/05/2026 05/05/26 | For Sale | $235,000 | +51.6% | $67 / Sq Ft | |
| 10/28/2024 10/28/24 | Sold | $155,000 | -13.8% | $44 / Sq Ft | View Prior Sale |
| 06/24/2024 06/24/24 | Price Changed | $179,900 | -2.7% | $52 / Sq Ft | |
| 05/21/2024 05/21/24 | For Sale | $184,900 | +37.0% | $53 / Sq Ft | |
| 12/14/2021 12/14/21 | Sold | $135,000 | -4.9% | $40 / Sq Ft | View Prior Sale |
| 10/28/2021 10/28/21 | Pending | -- | -- | -- | |
| 10/14/2021 10/14/21 | Price Changed | $142,000 | -2.1% | $42 / Sq Ft | |
| 09/08/2021 09/08/21 | For Sale | $144,998 | +7.4% | $43 / Sq Ft | |
| 09/06/2021 09/06/21 | Off Market | $135,000 | -- | -- | |
| 08/27/2021 08/27/21 | Price Changed | $144,998 | -3.3% | $43 / Sq Ft | |
| 08/13/2021 08/13/21 | Price Changed | $149,998 | 0.0% | $45 / Sq Ft | |
| 08/13/2021 08/13/21 | For Sale | $149,998 | +11.1% | $45 / Sq Ft | |
| 08/05/2021 08/05/21 | Off Market | $135,000 | -- | -- | |
| 07/05/2021 07/05/21 | For Sale | $159,998 | -- | $47 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $155,000 | Chicago Title | |
| Warranty Deed | $135,000 | None Available | |
| Warranty Deed | $95,000 | None Available | |
| Warranty Deed | $46,000 | None Available | |
| Deed | $50,000 | Randy Gugino | |
| Deed | $40,000 | Ruth Wiseman |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $116,250 | New Conventional | |
| Previous Owner | $108,000 | Commercial |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1677897
APN: 290900-109-038-0002-051-000
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