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Price $1,190,000

51-55 Washington Street, Lockport Town, New York 1, Lockport City, New York 14094

  • Square Footage : 9,578 Sqft
  • Visits : 8 in 20 days
$1,190,000
Features
Heating System :
Gas, Forced Air
Basement :
Partial
Parking :
20
Parking Features :
Driveway, Other, See Remarks, Surfaced
Pool Expense : $0
Roof :
Asphalt
Sewer :
Public Sewer
Address Map
State :
NY
County :
Niagara
City :
Lockport City
Zipcode :
14094
Street : 51-55 Washington Street, Lockport Town, New York 1
Floor Number : 0
Longitude : W79° 18' 30.7''
Latitude : N43° 10' 34.1''
MLS Addon
Office Name : Chubb-Aubrey Leonard Real Estate
Association Fee : $0
Bathrooms Total : 0
Building Area : 9,578 Sqft
CableTv Expense : $0
Construction Materials :
Wood Siding, Other, Frame
Electric Expense : $0
Flooring :
Carpet, Other, See Remarks, Vinyl, Linoleum
HighSchool : Lockport High
Internet Address Display : 1
Internet Listing Display : 1
SyndicateTo : Realtor.com
Listing Terms : Cash,Owner Will Carry
Lot Features :
Irregular Lot
LotSize Dimensions : 145X262
Maintenance Expense : $0
Parcel Number : 290900-109-010-0001-013-001
Special Listing Conditions :
Standard
Stories Total : 2
Utilities :
Electricity Connected, Sewer Connected, Water Connected
Zoning : R3
AttributionContact : 716-631-8300
Property Description

Discover an exceptional turnkey multifamily investment at Lockport Views Apartments, a well-established residential community offering immediate cash flow and substantial growth potential. Nestled in the historic Lockport area, this property features three modern buildings comprising 12 spacious units, 11 fully updated with contemporary finishes, energy-efficient appliances, and thoughtful amenities designed for resident comfort and retention. The property has undergone comprehensive renovations from top to bottom, including refreshed interiors newer mechanics, windows, upgraded common areas, and enhanced landscaping, ensuring low maintenance costs and high tenant appeal. From efficient kitchens to durable flooring, every detail has been updated to meet today’s market demands.

Cleared land for the potential construction of an additional 22 units, transforming this already profitable asset into a larger-scale operation. This opportunity could nearly double the property’s footprint and revenue stream—perfect for visionary investors looking to scale.

Lockport Views Apartments combines the security of a proven performer with the excitement of future development, all in a location with easy access to local amenities, schools, and commuting routes. Whether you’re a seasoned real estate professional or a first-time multifamily buyer, this property delivers immediate value and long-term upside. Square Footage is all the buildings combined.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : B1645844
Price : $1,190,000
Square Footage : 9,578 Sqft
Year Built : 1940
Status : Active
Property Sub Type : Apartment
Agent info
David Weitzel
Element Realty Services
Element Realty Services
390 Elmwood Avenue, Buffalo NY 14222
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