$399,900
PENDING

Estimated payment $2,812/month

Total Views 1,158
8 Beds
8 Baths
4,304 Sq Ft
$93 Price per Sq Ft

Highlights

  • Property is near public transit
  • Porch
  • Baseboard Heating
  • Balcony
  • Open Patio
  • 2.5 Car Garage

About This Home

Investor Alert! Brick four-unit with significant rental upside! Excellent opportunity to own a solid all brick four unit investment property in the Town of Lockport. Each unit offers an identical & desirable floor plan featuring 2 bedrooms, dining area, 1.5 baths, modern kitchen & modern bathrooms. Built in 1979, providing the added benefit of no lead-based paint concerns. Additional features include separate utilities , on-site coin-operated laundry, 2.5 car detached garage, patio, storage shed, blacktop driveway & ample off-street parking. The all-brick construction offers durability & low exterior maintenance, while the individual apartment layouts provide consistent and desirable rental units. Convenient Town of Lockport location near Transit Road, shopping, restaurants, schools, medical facilities, entertainment and major transportation routes. A compelling opportunity for the investor looking for existing income, solid brick construction and substantial rental-growth potential. The property is currently generating approximately $40,560.00 in annual rental income, while current market rents indicate the potential to achieve approximately $62,400 annually- an impressive $21,840 in additional gross annual rental income when the rents are brought to market. Several long-term tenants provide a strong foundation of rental history & stability. Increase the rents, increase the income and build long-term equity! Real Estate is about more than collecting rent-it's about building wealth, creating equity & owning an asset that can work for you for years to come. With separate income-producing units, current rental income and substantial room for future growth, this property gives an investor the opportunity to improve cash flow today while building long term equity for tomorrow.Opportunities to purchase a solid brick four-unit with this kind of upside don't come along everyday-this is one worth putting on your investment list. Secluded backyard with no rear neighbors. Spacious 2.5 car garage excellent storage & parking, complemented by a covered patio & open patio area. Storage shed provides convenient space for your riding lawnmower & other maintenance equipment.

Listing Agent

Louis Rizzo

Listing by Howard Hanna WNY Inc. Brokerage Phone: 716-691-5800 License #30RI0517290 Listed on: 08/05/2026

Howard Hanna WNY Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,439

Year Built

  • Built in 1979

Lot Details

  • 22,651 Sq Ft Lot
  • Lot Dimensions are 84x265
  • Rectangular Lot

Parking

  • 2.5 Car Garage
  • Garage Door Opener

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4,304 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Outdoor Features

  • Balcony
  • Open Patio
  • Porch

Location

  • Property is near public transit

Schools

  • George Southard Elementary School
  • North Park Middle School
  • Lockport High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number 292600-138-000-0001-054-000

Community Details

Building Details

  • Operating Expense $6,999
  • Gross Income $40,560

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,439

Year Built

Built in 1979

Lot Details

0.52 Acres

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Common Area Maintenance, Gardener, Snow Removal, Trash Collection, Water
  • Year Built: 1979
  • Attribution Contact: 716-691-5800
  • ResoLaundryFeatures: Common Area
  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot
  • MLS Status: Pending
  • Standard Status: Pending
  • Architectural Style: Fourplex
  • Flooring: Carpet, Varies, Vinyl
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.52
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Balcony, Patio
  • Foundation Details: Poured
  • Patio And Porch Features: Balcony, Open, Patio, Porch

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Garage, Paved, Garage Door Opener

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • HeatingYN: Yes
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lockport
  • Ninth Grade High School: Lockport High
  • Middle Or Junior School: North Park Middle

Lot Info

  • Parcel Number: 292600-138-000-0001-054-000
  • Lot Dimensions: 84X265
  • Lot Size Sq Ft: 22651.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 40560.0
  • Annual Operating Expense: 6999.0
  • Number Of Separate Electric Meters: 5

Tax Info

  • Tax Annual Amount: 6439.0
  • Tax Lot: 54

MLS Schools

  • Elementary School: George Southard Elementary

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,524 $250,000 $80,000 $170,000
2024 $6,524 $250,000 $80,000 $170,000
2023 $6,723 $250,000 $80,000 $170,000
2022 $7,506 $250,000 $80,000 $170,000
2021 $8,174 $230,400 $70,000 $160,400
2020 $7,053 $230,400 $70,000 $160,400
2019 $6,187 $165,000 $70,000 $95,000
2018 $6,102 $165,000 $70,000 $95,000
2017 $6,187 $165,000 $70,000 $95,000
2016 $6,231 $165,000 $70,000 $95,000
2015 -- $165,000 $70,000 $95,000
2014 -- $150,000 $33,800 $116,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2026 08/10/26 Pending -- -- --
08/05/2026 08/05/26 For Sale $399,900 0.0% $93 / Sq Ft
10/15/2024 10/15/24 For Rent $900 0.0% --
10/08/2024 10/08/24 Off Market $900 -- --
01/13/2022 01/13/22 Sold $291,000 +7.8% $46 / Sq Ft View Prior Sale
09/20/2021 09/20/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $269,900 +24.4% $43 / Sq Ft
07/17/2017 07/17/17 Sold $217,000 +3.4% $52 / Sq Ft View Prior Sale
05/08/2017 05/08/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $209,900 -- $50 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- Chicago Title
Warranty Deed $217,000 None Available
Deed $164,000 Mickey H Osterreicher
Deed $150,000 Robert Ciesielski
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $232,800 New Conventional
Previous Owner $162,750 Commercial
Source: Public Records

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

MLS Number: B1704097

Western New York Real Estate Information Services (WNYREIS)
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