NOT LISTED FOR SALE

271 Genesee St Lockport, NY 14094

Estimated Value: $104,000 - $123,000

6 Beds
3 Baths
2,700 Sq Ft
$43/Sq Ft Est. Value

Last Sold December 31, 2024

Last sale price $110,000 $41 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $898/month

50 Days on Market

About This Home

As of December 2024

Seize this incredible chance to invest in a triplex in the heart of Lockport. This versatile property features three distinct units, making it a perfect addition to your investment portfolio or an ideal owner-occupy opportunity. The first unit is occupied and boasts 2 bedrooms and 1 bath with a spacious living area. The second unit is also occupied, offering 1 bedroom and 1 bath with a cozy and efficient design, providing steady rental income from a dependable tenant. The third unit is vacant and ready for immediate move-in or rental, featuring 3 bedrooms—2 of which are on a separate floor—along with an updated bath and new windows that bring in abundant natural light. This triplex is perfectly situated close to all of Lockport’s conveniences. With the first two units already occupied, you can start earning income right away, while the vacant unit provides flexibility for either personal use or additional rental income. All of the major work has already been done- Roof, siding, windows and HVAC have all been updated over the last 5 years!

Last Agent to Sell the Property

Michelle Petrie

Listing by WNY Metro Roberts Realty Brokerage Phone: 716-293-2817 License #10401343898 Listed on: 07/27/2024

WNY Metro Roberts Realty

Last Buyer's Agent

Dawn Rzepka-Giancarlo

Listing by WNY Metro Roberts Realty License #10401289198

WNY Metro Roberts Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,066

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 42x54

Parking

  • On-Street Parking

Home Design

  • Aluminum Siding
  • Steel Siding
  • Vinyl Siding

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes electricity, water
  • Tax Lot 50
  • Assessor Parcel Number 290900-109-063-0002-050-000

Community Details

Overview

  • 3 Units
  • City/Lockport Subdivision

Building Details

  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,066

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Electricity, Water
  • Year Built: 1900
  • Attribution Contact: 716-293-2817
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Subdivision Name: City/Lockport
  • Directions: Walnut, to Washburn to Genesee.
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Stories: 2

Exterior Features

  • Acres: 0.05
  • Waterfront: No
  • Construction Type: Aluminum Siding, Steel Siding, Vinyl Siding

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lockport

Lot Info

  • Parcel Number: 290900-109-063-0002-050-000
  • Lot Dimensions: 42X54
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 4066.0
  • Tax Lot: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2024
Closed on
Dec 18, 2024
Sold by
Genlock Llc
Bought by
Abellard Llc
Seller's Agent
Michelle Petrie
WNY Metro Roberts Realty
Buyer's Agent
Dawn Rzepka-Giancarlo
WNY Metro Roberts Realty
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%
Views
75
Current Estimated Value
$116,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,279
Avg. Annual Appreciation
5.71%
Original Mortgage
$88,000
Outstanding Balance
$87,315
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$28,964

Purchase Details

Closed on
Aug 17, 2018
Sold by
Lockport City
Bought by
Lockport City

Purchase Details

Closed on
Oct 12, 2005
Sold by
Pearson Craig
Bought by
Adimoolam Raja

Purchase Details

Closed on
Sep 10, 2002
Sold by
Emerson Transportation In C
Bought by
Pearson Craig W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Abellard Llc $110,000 None Listed On Document
Abellard Llc $110,000 None Listed On Document
Lockport City -- None Available
Adimoolam Raja $21,200 Cheryl Stein
Pearson Craig W $4,000 James Fox
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abellard Llc $88,000
Closed Abellard Llc $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2024 12/31/24 Sold $110,000 -8.3% $41 / Sq Ft
09/16/2024 09/16/24 Pending -- -- --
07/27/2024 07/27/24 For Sale $120,000 -- $44 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

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
2024 $3,479 $128,000 $2,100 $125,900
2023 $3,411 $122,000 $2,100 $119,900
2022 $3,111 $111,000 $2,100 $108,900
2021 $4,436 $112,500 $3,600 $108,900
2020 $3,797 $112,500 $3,600 $108,900
2019 $436 $50,400 $3,600 $46,800
2018 $1,406 $50,400 $3,600 $46,800
2017 $1,401 $50,400 $3,600 $46,800
2016 $1,357 $50,400 $3,600 $46,800
2015 -- $50,400 $3,600 $46,800
2014 -- $50,400 $3,600 $46,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1555024

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-109-063-0002-050-000