Turnkey Investment in South
377 Marilla Street Buffalo, NY 14220
377 Marilla Street, Buffalo, NY, 14220
$275,000
Pending
For Sale
$275,000
Pending
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,160 SF
Lot Size0.09 Acres
Days on Market59
Property Features for 377 Marilla Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 3
- Patio and Porch features
- Porch
- Interior features
- Attic, NaturalWoodwork
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-133-700-0002-008-000
- Size
- 2,160 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2323
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Tile, Vinyl, Carpet
- Building materials
- VinylSiding, WoodSiding
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing Agency
Keller Williams Realty Lancaster
(716) 324-2300
3400 Southwestern Blvd., Elma, NY
Listed by
Ryan Daley · License #10301215815
(716) 949-5189
Added: May 21 Checked: Jul 18 at 2:06 am
MLS# B1683399
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 a prime South Buffalo neighborhood, 377 Marilla Street is a professionally owned and maintained duplex. The property is conveniently located within walking distance of the Botanical Gardens and offers easy access to shopping, parks, restaurants, and more. This turnkey investment is fully tenant-occupied, presenting an opportunity for a new owner to expand their portfolio. Both units feature private porch entrances and renovated modern kitchens and bathrooms. Interior features include luxury vinyl flooring, fresh carpet and paint, and cosmetic updates. A finished attic area provides a creative space with multiple potential uses. Exterior features include vinyl siding, a concrete driveway with a parking pad, and a detached garage. The property has solid mechanicals, an architectural roof, and updated vinyl windows throughout. A new sewer line trap is scheduled for installation in 2025. The full, dry basement with laundry amenities provides storage. The lot size is 0.09 acres and the property size is 2160 square feet.
Key Highlights
- 3/2 double fully tenant occupied, professionally owned and maintained
- Both units have private porch entrances and renovated modern kitchens and bathrooms
- Finished attic area offers additional flexible space for multiple uses
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 | $32.4k | $15.00 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $30.6k | $14.17 |
| − OpEx | −$9.2k | −$4.25 |
| NOI | $21.4k | $9.92 |
2,160 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.2K
$267.9K – $357.2K
NOI $21,433 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$519.4K
$454.5K – $606.0K
NOI $36,361 @ 7.0% cap · market cap 13.22%
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 - Professionally maintained duplex in a prime location, ready to cashflow.
Where is this duplex located?
The property is located at 377 Marilla Street Buffalo, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3/2 double fully tenant occupied, professionally owned and maintained; Both units have private porch entrances and renovated modern kitchens and bathrooms; Finished attic area offers additional flexible space for multiple uses
