Ashwood Crossing 5724 Glendale Dr 23 Unit Apartment Building $1,560,000 ($67,826/Unit) Lockport, NY 14094

Ashwood Apartments presents a rare opportunity to acquire a well-maintained 23-unit, all one-bedroom apartment community in one of Lockport’s most stable and desirable rental corridors. The property caters to a consistently high-demand tenant profile, offering affordable, efficient layouts ideal for singles, couples, and downsizing residents—supporting year-round occupancy and dependable rental income.
Located on a quiet residential street just minutes from Transit Road, Ashwood combines suburban tranquility with excellent access to retail, employment, and services. The property’s expansive on-site parking ensures convenient accommodation for all residents, a competitive advantage compared to many smaller multifamily assets in the area. Additional amenities, including coin-operated laundry facilities, enhance tenant convenience while generating supplemental income for ownership.
With its strong location, simple operational structure, and proven unit mix, Ashwood Apartments offers investors a stable, low-management asset positioned for long-term performance. The property’s consistent rental demand, solid physical condition, and attractive unit configuration make it an excellent addition to any multifamily portfolio.Ashwood Apartments benefits from an ideal Lockport location, set on a quiet, tree-lined residential street just minutes from Transit Road. The property offers a peaceful suburban setting with immediate access to top conveniences, including grocery stores, national retailers, restaurants, and everyday services.
Residents enjoy quick connections to major employers, healthcare facilities, and Lockport’s historic Erie Canal waterfront. Nearby parks, walking trails, and strong surrounding school districts further enhance quality of life, making the area highly attractive to long-term renters.
For investors, this location delivers steady demand, low turnover, and the stability of a well-established suburban market—positioning Ashwood Apartments as a strong, dependable multifamily asset in Lockport.