Allentown Victorian Multi-Family
160 Mariner Street Buffalo, NY 14201
160 Mariner Street, Buffalo, NY, 14201
$379,000
Pending
For Sale
$379,000
Pending
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,202 SF
Lot Size0.07 Acres
Days on Market51
Property Features for 160 Mariner Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Basement, Bedroom 3
- Parking features
- Driveway
- Security features
- Security
- Patio and Porch features
- Patio
- Interior features
- CeilingFans
- Exterior features
- Fence, Patio
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-100-690-0003-028-000
- Size
- 2,202 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5569
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Tile, Hardwood
- Building materials
- WoodSiding, CopperPlumbing, PexPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
Gurney Becker & Bourne
(716) 849-1234
976 Delaware Ave, Buffalo, NY
Listed by
Kristan C Andersen · License #10311200331
(716) 480-0000
Added: May 29 Checked: Jul 18 at 10:06 am
MLS# B1684876
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Allentown, this updated Victorian-style multi-family property functions like a single-family residence. The two-story owner's unit features a large double parlor living room with hardwood floors, built-ins, soaring ceilings, French doors, and a fireplace (NRTC). The formal dining room includes hardwood floors, a built-in china cabinet, and wainscoting. A pine-paneled room off the dining room is suitable for a home office. The kitchen, updated in 2019, features china blue cabinetry, stainless steel appliances, hardwood floors, solid surface countertops, and a white backsplash surround. An additional room off the kitchen could serve as a first-floor bedroom, family room, or den. A half bath is also located on the first floor. The second floor includes hardwood floors, a primary bedroom with a bay window overlooking the backyard, a second bedroom, and an updated full bath from 2022 with a walk-in shower and glass enclosure. A second staircase leads to the upstairs apartment, currently used as an art studio, featuring hardwood floors, one large bedroom, a dining room, a full bath, and a kitchen. The landscaped backyard provides an oasis in the city. Additional updates include exterior painting, a new furnace, and central air conditioning, all completed in 2024. Situated on a 0.0689-acre lot, the property offers 2202 square feet of living space. The location is walkable and close to public transportation, the Buffalo/Niagara Medical Campus, Elmwood Avenue restaurants and shops, and downtown Buffalo. The property is intended for multi-family or residential income use.
Key Highlights
- 2‑family Victorian in Allentown; owners unit set up like a single‑family with a 2‑story layout
- 1st floor features include large double parlor living room with hardwood floors, built‑ins, soaring ceilings, French doors, and a WBFP (NRTC)
- Kitchen updated in 2019 with china blue cabinetry, stainless steel appliances, hardwood floors, solid‑surface countertops, and a white backsplash
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.0k | $15.00 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $31.2k | $14.17 |
| − OpEx | −$9.4k | −$4.25 |
| NOI | $21.8k | $9.92 |
2,202 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$312.1K
$273.1K – $364.2K
NOI $21,849 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$287.5K
$251.6K – $335.4K
NOI $20,125 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$529.5K
$463.4K – $617.8K
NOI $37,068 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated Victorian multi-family property in Allentown, close to amenities.
Where is this duplex located?
The property is located at 160 Mariner Street Buffalo, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 2‑family Victorian in Allentown; owners unit set up like a single‑family with a 2‑story layout; 1st floor features include large double parlor living room with hardwood floors, built‑ins, soaring ceilings, French doors, and a WBFP (NRTC); Kitchen updated in 2019 with china blue cabinetry, stainless steel appliances, hardwood floors, solid‑surface countertops, and a white backsplash
