Restored Three-Unit Multifamily
174 Mariner Street, Buffalo, NY 14201
New
MULTI_FAMILY - Other - Buffalo, NY
Property size:
3,392 SFLot size:
0.08 AcresPrice / SF:
$165/SF- Added:
- Jun 11, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 11 at 10:06 am
Property Features for 174 Mariner Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 6, Basement, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 4
- Parking features
- Driveway
- Interior features
- NaturalWoodwork
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- 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
- Natural Gas, Hot Water(Heating), Forced Air
- 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 agent Michael Concialdi License #10401396635 (716) 830-9032
Listing office MJ Peterson Real Estate Inc. 431 Delaware Avenue, NY (716) 819-4200
Listing date Jun 11, 2026
MLS# B1686560
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.
HighLights
- Historic 3‑unit multi‑family built in 1880 with original architectural details
- Grand double entry doors, ornate fireplaces, mahogany‑inlaid hardwood floors, soaring ceilings, and abundant natural light
- Thoughtfully restored exterior: replacement clapboard siding and scalloped shingles, full exterior paint, mortar sealing of stone foundation, and half the roof replaced in 2024
- Upgrades include replacement windows plus updated electrical, plumbing, and mechanical systems; new furnace in Unit 1 (2025)
- Flooring and interior finishes include hardwood, carpet, and tile, with natural woodwork and butler's pantry
- Utilities and systems: public water, gas water heater, forced‑air heating and hot water heating; attic fan and driveway parking
Overview
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.
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 | $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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.878385
- Latitude
- 42.901631
Nearby Similar for Sale
FAQs
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: Historic 3‑unit multi‑family built in 1880 with original architectural details; Grand double entry doors, ornate fireplaces, mahogany‑inlaid hardwood floors, soaring ceilings, and abundant natural light; Thoughtfully restored exterior: replacement clapboard siding and scalloped shingles, full exterior paint, mortar sealing of stone foundation, and half the roof replaced in 2024
