Renovated Duplex with Two-Car
New
For Sale
$264,900
361 Marilla Street, Buffalo, NY 14220
Each residence has in-unit laundry and separate water and electric meters.
Property Size2,484 SF
Days on Market4
Property Features for 361 Marilla Street
General Information
Standard status
Active
Size
2,484 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,369
Amenities
in-unit laundry
front deck
yard
Building Details
Building Size
2,484 SF
Year Built
1930
Buildings
1
Listing Agency:
Keller Williams Realty WNY
Listed By:
Timothy Healy · License #10401379877
(716) 770-9205
Source:
Highfallssir
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:35PM
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
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Investment Insights
Based on property information with market context.
This 1930 duplex contains two renovated residences, with work completed in 2025–2026. The lower apartment has 2 bedrooms, 1 bathroom, a formal dining room, a spacious living room, and a new kitchen; its bathroom includes a glass-door shower. The upper apartment offers 3 bedrooms, 1 bathroom, an open layout, and a new kitchen and bath. Both units include in-unit laundry.
Building improvements include new plumbing throughout, new second-floor wiring, new breakers, separate water and electric meters, two hot water tanks, 17 windows, and new insulation. Interior finishes include 7mm commercial-grade vinyl plank flooring, new drywall, and fresh paint. The property also has a detached two-car garage, a front deck, and a yard. Located at 361 Marilla Street in Buffalo, the duplex is listed for sale.
Building improvements include new plumbing throughout, new second-floor wiring, new breakers, separate water and electric meters, two hot water tanks, 17 windows, and new insulation. Interior finishes include 7mm commercial-grade vinyl plank flooring, new drywall, and fresh paint. The property also has a detached two-car garage, a front deck, and a yard. Located at 361 Marilla Street in Buffalo, the duplex is listed for sale.
Key Highlights
- Two‑unit property at 361 Marilla Street in Buffalo
- Lower unit: 2 bedrooms, 1 bath, formal dining room and large living room
- Upper unit: 3 bedrooms, 1 bath and open layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,702
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,040
$454.0K
Cap Rate 7%
$324,314
$324.3K
Cap Rate 9%
$252,244
$252.2K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$43.2K $17.40/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$41.3K $16.62/SF
− OpEx
−$18.6K −$7.48/SF
NOI
$22.7K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,040
Cap Rate 7%
$324,314
Cap Rate 9%
$252,244
Alternative Uses
Best Use
Multifamily LT 5
$352.1K
$308.1K – $410.8K
NOI $24,647 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$324.3K
$283.8K – $378.4K
NOI $22,702 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$597.4K
$522.7K – $696.9K
NOI $41,815 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 14220, NY
23,959
Population
11,286
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
6,305
Density / Sq Mi
$68,337
Median Household Income
$42,112
Median Earnings
$974
Median Rent
$180,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has in-unit laundry and separate water and electric meters.
Where is this duplex located?
The property is located at 361 Marilla Street Buffalo, NY.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two‑unit property at 361 Marilla Street in Buffalo; Lower unit: 2 bedrooms, 1 bath, formal dining room and large living room; Upper unit: 3 bedrooms, 1 bath and open layout
