Restored Three-Unit Multifamily
174 Mariner Street Buffalo, NY 14201
For Sale
$559,900
Pending
MULTI_FAMILY - Other - Buffalo, NY
Property Size3,392 SF
Lot Size0.08 Acres
Days on Market49
Property Features for 174 Mariner Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 2, Bedroom 4, Basement, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 1
Parking features
Driveway
Interior features
NaturalWoodwork
Fireplace
1
Appliances
GasWaterHeater
Standard status
Pending
APN
140200-100-690-0003-024-000
Size
3,392 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4992
Utilities
Heating system
Hot Water(Heating), Forced Air, Natural Gas
Cooling system
Attic Fan
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
3
Flooring type
Varies, Hardwood, Carpet, Tile
Building materials
Stone, WoodSiding, CopperPlumbing
Roof type
Shingle
Architectural style
Other
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 819-4200
Listed By:
Michael Concialdi · License #10401396635
(716) 830-9032
Added: Jun 11
Changed: Jul 28
Last Checked: Jul 29 at 8:06PM
MLS# B1686560
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.
This restored three-unit multifamily residence offers 3,392 square feet of living space on a 0.08-acre lot. Interior details include original grand double entry doors with hardware, ornate fireplaces, mahogany-inlaid hardwood floors, soaring ceilings, abundant natural light, clawfoot tubs, and a charming butler’s pantry. The property also includes updated kitchens and generously sized bedrooms across the units.
The exterior restoration includes replacement clapboard siding and scalloped shingles, a full exterior paint job, mortar sealing of the stone foundation, and replacement of half the roof in 2024. Additional improvements cited include replacement windows, updated electrical, plumbing, and mechanical systems, along with a new furnace in Unit 1 in 2025. The home is located at 174 Mariner Street in Buffalo, NY 14201 (Erie County).
With three separate apartments, the layout can support either investment rental operations or owner-occupancy with additional unit(s) to help offset housing costs. The blend of preserved architectural character and documented system and exterior updates is designed for buyers looking for a turn-key approach while retaining a distinctive historic presence.
The exterior restoration includes replacement clapboard siding and scalloped shingles, a full exterior paint job, mortar sealing of the stone foundation, and replacement of half the roof in 2024. Additional improvements cited include replacement windows, updated electrical, plumbing, and mechanical systems, along with a new furnace in Unit 1 in 2025. The home is located at 174 Mariner Street in Buffalo, NY 14201 (Erie County).
With three separate apartments, the layout can support either investment rental operations or owner-occupancy with additional unit(s) to help offset housing costs. The blend of preserved architectural character and documented system and exterior updates is designed for buyers looking for a turn-key approach while retaining a distinctive historic presence.
Key Highlights
- Restored three‑unit property built in 1880 with historic character and multiple fireplaces
- Interior features include natural woodwork, mahogany‑inlaid hardwood floors, clawfoot tubs, and a butler’s pantry
- Exterior restoration includes replacement clapboard siding, scalloped shingles, full exterior paint, stone foundation mortar sealing, and half the roof replaced in 2024
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 | $50.9k | $15.00 |
| − Vacancy | −$2.8k | −$0.83 |
| EGI | $48.1k | $14.17 |
| − OpEx | −$14.4k | −$4.25 |
| NOI | $33.7k | $9.92 |
3,392 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$480.8K
$420.7K – $561.0K
NOI $33,657 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$442.9K
$387.5K – $516.7K
NOI $31,001 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$815.7K
$713.8K – $951.7K
NOI $57,100 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with historic interior features and recent exterior and system updates for flexible investor or owner-occupant use.
Where is this triplex located?
The property is located at 174 Mariner Street Buffalo, NY.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Restored three‑unit property built in 1880 with historic character and multiple fireplaces; Interior features include natural woodwork, mahogany‑inlaid hardwood floors, clawfoot tubs, and a butler’s pantry; Exterior restoration includes replacement clapboard siding, scalloped shingles, full exterior paint, stone foundation mortar sealing, and half the roof replaced in 2024
