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89 Pine St
Lockport, NY 14094
Cash-Flowing 5-Unit Multifamily with Room to · Multifamily Property For Sale
·
5 Units
Executive Summary
Excellent investment opportunity in the Lockport! This 5-unit multi-family property is a great addition to any investor’s portfolio. The building features three 1-bedroom units and two studio apartments, offering a desirable mix of layouts for tenants. Conveniently located within the city, providing easy access to local amenities, shopping, and dining. Whether you're expanding your portfolio or looking to begin investing in multi-family properties, this income-producing property offers strong potential. Framework for a potential sixth unit. New owner has the option to complete a 6th unit, and earn an additional $800/monthly rental income. Current monthly gross rents are $3725; to be increased to $3800 by spring 2026.
Property Facts
| Price Per Unit | $50,000 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 5,274 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1880 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,274 SF |
| No. Stories | 2 |
| Year Built | 1880 |
| Opportunity Zone |
Yes |
Property Taxes
| Parcel Number | 290900-109-013-0003-017-000 | Improvements Assessment | $118,700 |
| Land Assessment | $11,300 | Total Assessment | $130,000 |
Property Taxes
Parcel Number
290900-109-013-0003-017-000
Land Assessment
$11,300
Improvements Assessment
$118,700
Total Assessment
$130,000
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