51-55 Washington Street Lockport City, NY $ 1,190,000
51-55 Washington Street
$ 1,190,000
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51-55 Washington Street

Lockport City, NY, 14094
$ 1,190,000
Bedrooms-- Baths-- Sq 9,578

Monthly Estimate*

$ 7,327

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Commercial Property for sale in Lockport City, NY for $1,190,000. This 9,578 square foot building was built in 1940.

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.

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Commercial Active

Price

$ 1,190,000

Property Type

Commercial

Taxes

$ 11,421

Style

Apartment

Year Built

1940

Town/City

Lockport City

County/Region

NIAGARA

MLS | Web ID

B1645844

Features
General
Sewer PublicSewer
Heating Gas ForcedAir
Utilities ElectricityConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt
Zoning R3
Construction Materials Frame Other WoodSiding
School District Lockport
Year Built 1940
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Apartment
Gross Income 131100.0
Additional Parcels Description 290900-109-010-0001-013-002
County Niagara
Net Operating Income 91233.0
Operating Expense 28446.0
Property Type CommercialSale
Possible Use Residential
Status Active
High School Lockport High
City Lockport City
High School District Lockport
Zoning Description Residential Multi Use
Number Of Units Total 12
MLS Area Lockport-City-290900
Lot Size Units Acres
Year Built Details Existing
Tax Annual Amount 11421.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Lockport
Elementary School District Lockport
Tax Assessed Value 316600
TaxOtherAnnualAssessmentAmount 0.0
Property Sub Type Additional Apartment
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Interior
Basement Partial
Flooring Carpet Linoleum Other SeeRemarks Vinyl
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Driveway Other SeeRemarks Surfaced
Lot Features IrregularLot
Water Source Public
Total Parking 20.0
Inclusions Land and Building
Number of Buildings 3
Building Area Total 9578.0
Lot Dimensions 145X262
Waterfront Y/N No
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Internal Only
Street Number 1 51
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* Excluded Features
List By
Chubb-Aubrey Leonard Real Estate

Broker

(716) 465-1282

Phone

Affordability Calculator

$8,279
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,327
Monthly Property Taxes
$952
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248435 Elementary School
248350 Middle School
Lockport High High School
Pricing History
DatePricePrice ChangeDescription
10/20/2025$1,190,000 Listed Price

Map


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51-55 Washington Street, Lockport City, NY, 14094 is a Commercial Property for sale at $1,190,000 with 9,578 sqft. 51-55 Washington Street was built in 1940. The property's zip code is 14094 which is in Lockport City, NY