CCertihomes
16 South Street, Lockport-City, NY 14094

$247,000

0 beds 0 baths 4,076 sqft Built 19001 days on marketActive

About this home

Investor opportunity! This is your true profit maker. This 11-unit property is fully occupied and has waiting list of potential renters. This presents a good opportunity to secure a room in a well-maintained building as they become available. The seller has maintained the property and is presenting a turn key business opportunity. This building is walking distance from the heart of Lockport; you are minutes away from restaurants, entertainment, the Erie Canal, and the business district.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$3,567/mo

Real estate (PITI + HOA + PMI)
$2,446
Principal + interest$1,585
Property tax + insurance$768
PMI / 2nd mortgage$93
Utilities
$2,245
Heating + cooling$973
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$3,567/mo TLC
Budget$5,000/mo
Remaining after TLC$1,433/mo
Purchase price
$247,000
Down payment
$12,350 (5%)
Loan amount
$234,650
APR
7.15%

Quick facts

Type
COM
Style
Year built
1900
Lot size
0.09 ac
Stories
3
Heating
Gas, Baseboard
Cooling
Water
Public
HOA
Annual tax
$4,505
MLS #
B1608508
County
Niagara

Home features

Roof
Asphalt
Sewer
PublicSewer

Lot features

FlagLot

Neighborhood — 14094

MetricThis ZIPCountyUSA
Population48,81519,351,094299,088,112
Population Change Since19901.00%8.00%20.00%
Population Density407395
Male23,8099,381,926147,432,321
Female25,0059,969,168151,655,844
Never Married10,0284,946,39163,775,926
Married20,8317,166,701123,120,365
Separated1,6081,159,67312,639,686
Widowed3,0361,110,24515,467,586
Divorced4,0631,210,44823,075,029
Number Of House Hold18,4987,102,016111,826,380
Average House Hold Size2.592.642.60
Medial Age37.3836.5335.46
Median House Hold Income$45,740$49,847$48,276
Average House Hold Income$56,367$70,032$63,629
P C I$21,683$26,569$24,529
M D I$39,470$42,210$41,133
A T H E$47,285$54,185$50,898
S T R8.00%4.00%
W C J77.23%81.55%77.74%
(Zip) Code
14094

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 5/22/2025. Provided courtesy of HUNT Real Estate Corporation via Buffalo MLS. Information deemed reliable but not guaranteed.