Investment Opportunity – 3-Unit Property with Potential for 4!
Investor special! This multi-family property is brimming with potential and priced to sell. Currently mapped for 4 units, it offers a solid foundation for immediate income and future expansion. One unit is tenant-occupied, providing instant cash flow. The second unit needs only cosmetic updates or a quick refresh to be rent-ready. The third unit has been taken down to the studs, with a framed-out fourth unit offering the perfect blank canvas for your vision.
Ideal for a seasoned investor or savvy buyer looking to create equity and build long-term income. A detached 2-car garage adds additional value, whether for tenant parking or storage. With a little work, this property could become a true income-generating gem.
For sale
$120,000
131 Allen St, Lockport, NY 14094
5beds
3,190sqft
Triplex, Multi Family
Built in 1870
-- sqft lot
$-- Zestimate®
$38/sqft
$-- HOA
What's special
- 7 days
- on Zillow |
- 468 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: July 30, 2025 at 10:04am
Listing by:
HUNT Real Estate Corporation 716-883-2200,
Malissa Roedel 716-946-2301
Source: NYSAMLSs,MLS#: B1626216
Originating MLS: Buffalo

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Varies, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,190
- Total interior livable area: 3,190 sqft
Property
Parking
- Total spaces: 2
- Parking features: Gravel, Two or More Spaces
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791.6 Square Feet
- Dimensions: 49 x 99
- Features: Rectangular, Rectangular Lot
Details
- Parcel number: 2909001090300002015000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subtype: Triplex, Multi Family
Materials
- Wood Siding
- Roof: Architectural,Shingle
Condition
- Resale
- Year built: 1870
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Lockport
Financial & listing details
- Price per square foot: $38/sqft
- Tax assessed value: $114,000
- Annual tax amount: $3,921
- Date on market: 7/29/2025
- Listing terms: Cash,Rehab Financing
- Loading
- Loading