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Willow View Apartments 115 Willow St 15 Unit Apartment Building $1,150,000 ($76,667/Unit) Lockport, NY 14094
Executive Summary
Willow View is a well-maintained 15-unit multifamily property located at
115 Willow Street in Lockport. The asset consists of a desirable unit mix
of nine two-bedroom apartments and six one-bedroom apartments. The
property is currently 93% occupied with only one vacancy, demonstrating
strong in-place demand and stable cash flow. Willow View presents
investors with the opportunity to acquire a performing asset with
immediate income and limited rollover risk. The balanced unit
composition, high occupancy level, and strategic location within the
Lockport market position this property as a compelling addition to any
multifamily portfolio seeking steady returns and long-term appreciation potential. For all financial information and tours contact Chris Greco chris@grecorealestate.com 716-570-7600 or Sam Greco 716-957-6767 sam@grecorealestate.com
115 Willow Street in Lockport. The asset consists of a desirable unit mix
of nine two-bedroom apartments and six one-bedroom apartments. The
property is currently 93% occupied with only one vacancy, demonstrating
strong in-place demand and stable cash flow. Willow View presents
investors with the opportunity to acquire a performing asset with
immediate income and limited rollover risk. The balanced unit
composition, high occupancy level, and strategic location within the
Lockport market position this property as a compelling addition to any
multifamily portfolio seeking steady returns and long-term appreciation potential. For all financial information and tours contact Chris Greco chris@grecorealestate.com 716-570-7600 or Sam Greco 716-957-6767 sam@grecorealestate.com
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $76,667 | Lot Size | 1.72 AC |
| Sale Type | Investment | Building Size | 13,026 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2025 |
| Property Subtype | Apartment | Parking Ratio | 3.07/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 | ||
| Price | $1,150,000 |
| Price Per Unit | $76,667 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.72 AC |
| Building Size | 13,026 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2025 |
| Parking Ratio | 3.07/1,000 SF |
| Zoning | R2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 |
| 2+1 | 9 | - | 750 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 290900-123-005-0001-040-000 | Improvements Assessment | $550,000 |
| Land Assessment | $120,000 | Total Assessment | $670,000 |
Property Taxes
Parcel Number
290900-123-005-0001-040-000
Land Assessment
$120,000
Improvements Assessment
$550,000
Total Assessment
$670,000
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Willow View Apartments | 115 Willow St
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