162 Lock St, Lockport, NY, 14094
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.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1890
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Hardwood,Laminate,Varies
Heating
- Heating features: Gas,Baseboard
Interior Area
- Total structure area: 3,489
- Total interior livable area: 3,489 sqft
Property
Details
- Parcel number: 2909001090380002051000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 6,534 sqft
- Features: Rectangular,Rectangular Lot
- Lot size dimensions: 66 x 99
Parking
- Parking features: Gravel
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Niagara County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,188 | $14,256 |
| Home Insurance * | $92 | $1,104 |
| Property Taxes | $338 | $4,056 |
| Electricity | $576 | $6,919 |
| Total | $2,194 | $26,328 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $235,000 |
| 2024-10-28 | Sold | $155,000 |
| 2024-07-18 | Contingent | $179,900 |
| 2024-06-24 | Price change | $179,900 |
| 2024-05-21 | Listed for sale | $184,900 |
| 2023-07-19 | Listing removed | -- |
| 2023-07-07 | Price change | $700 |
| 2023-07-01 | Listed for rent | $800 |
| 2021-12-14 | Sold | $135,000 |
| 2021-11-01 | Pending sale | $142,000 |
| 2021-10-14 | Price change | $142,000 |
| 2021-09-27 | Listed for sale | $144,998 |
| 2021-09-08 | Pending sale | $144,998 |
| 2021-09-08 | Contingent | $144,998 |
| 2021-08-27 | Price change | $144,998 |
| 2021-08-13 | Listed for sale | $149,998 |
| 2021-08-06 | Listing removed | -- |
| 2021-07-06 | Listed for sale | $159,998 |
| 2021-03-24 | Listing removed | -- |
| 2020-12-01 | Sold | $95,000 |
| 2020-09-02 | Listing removed | $104,000 |
| 2020-08-26 | Listed for sale | $104,000 |
| 2020-08-15 | Pending sale | $104,000 |
| 2020-08-10 | Listed for sale | $104,000 |
| 2005-08-12 | Sold | $50,000 |
| 2003-05-21 | Sold | $40,000 |
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