Three-Unit Triplex with Rear
New
For Sale
$349,900
32 Mariner Street, Buffalo, NY 14201
A vacant upper apartment has a remodeled kitchen and its own rear balcony.
Property Size2,327 SF
Days on Market6
Property Features for 32 Mariner Street
General Information
Standard status
Active
Size
2,327 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,830
Building Details
Building Size
2,327 SF
Year Built
1920
Listing Agency:
Keller Williams Realty WNY
Listed By:
Joseph G Saccone · License #40SA1032884
(716) 870-6226
Source:
Highfallssir
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
Built in 1920, this Buffalo triplex contains three separate apartments. The first-floor residence has two bedrooms, central air conditioning, a formal dining room, and a living room with French doors opening toward the backyard. Two more apartments occupy the upper level; one is vacant and has a remodeled kitchen and private rear balcony, while the other includes one bedroom, a kitchen, a living area, and a full bath with a clawfoot tub.
The exterior combines brick and cedar siding, with a covered entry porch. A fenced backyard and brick patio provide outdoor space. The property is on Mariner Street in Buffalo’s Allentown neighborhood, between Virginia and Allen, near restaurants, shops, and cafes.
The exterior combines brick and cedar siding, with a covered entry porch. A fenced backyard and brick patio provide outdoor space. The property is on Mariner Street in Buffalo’s Allentown neighborhood, between Virginia and Allen, near restaurants, shops, and cafes.
Key Highlights
- Three apartments in a Buffalo triplex built in 1920
- First‑floor unit has two bedrooms and central air conditioning
- Vacant upper apartment includes a remodeled kitchen and private rear balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,090
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,800
$461.8K
Cap Rate 7%
$329,857
$329.9K
Cap Rate 9%
$256,556
$256.6K
Market Conditions
NOI Build-Up for 2,327 SF
Gross rent
$34.9K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$33.0K $14.17/SF
− OpEx
−$9.9K −$4.25/SF
NOI
$23.1K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,800
Cap Rate 7%
$329,857
Cap Rate 9%
$256,556
Alternative Uses
Best Use
Multifamily LT 5
$329.9K
$288.6K – $384.8K
NOI $23,090 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$303.8K
$265.8K – $354.5K
NOI $21,267 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$559.6K
$489.7K – $652.9K
NOI $39,172 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 14201, NY
12,364
Population
7,172
Households
1.7
Avg Household Size
33
Median Age
39%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
11,240
Density / Sq Mi
$34,204
Median Household Income
$34,081
Median Earnings
$953
Median Rent
$327,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - A vacant upper apartment has a remodeled kitchen and its own rear balcony.
Where is this triplex located?
The property is located at 32 Mariner Street Buffalo, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three apartments in a Buffalo triplex built in 1920; First‑floor unit has two bedrooms and central air conditioning; Vacant upper apartment includes a remodeled kitchen and private rear balcony
