Renovated Two-Unit
361 Marilla Street Buffalo, NY 14220
For Sale
$269,900
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,484 SF
Lot Size0.09 Acres
Price / SF$108.66
Days on Market9
Property Features for 361 Marilla Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Parking features
Garage
Patio and Porch features
Porch
Interior features
CeilingFans, BedroomOnMainLevel
Exterior features
FullyFenced, PrivateYard
Fencing
Fenced
Appliances
GasWaterHeater
Standard status
Active
APN
140200-133-700-0002-004-000
Size
2,484 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3369
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
Vinyl, Hardwood, Varies
Building materials
VinylSiding, PexPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Timothy Healy · License #10401379877
(716) 770-9205
Added: Jul 21
Changed: Jul 28
Last Checked: Jul 29 at 4:06PM
MLS# B1697144
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 turn-key duplex has been renovated top to bottom by licensed contractors, with permits, in 2025–2026. The downstairs unit features two bedrooms and one bathroom, with a formal dining room and a large living room. The upstairs unit offers three bedrooms and one bathroom with a more open layout and plenty of natural light. Improvements include brand-new kitchens and bathrooms, new in-unit laundry for both units, and major system updates such as new plumbing throughout, new electrical wiring on the second floor, new breakers for both units, two new water and electric meters, and two new hot water tanks. Exterior features include a detached two-car garage, a large front deck, and a manageable yard.
The property is located in South Buffalo at 361 Marilla Street, Buffalo, NY 14220.
The property is located in South Buffalo at 361 Marilla Street, Buffalo, NY 14220.
Key Highlights
- Turn‑key South Buffalo duplex completely renovated top to bottom by licensed contractors (2025–2026) with permits
- New in‑unit laundry in both units
- Major systems updates include new plumbing throughout, updated electric (2nd floor wiring and new breakers), and new water/electric meters
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 | $37.3k | $15.00 |
| − Vacancy | −$2.0k | −$0.83 |
| EGI | $35.2k | $14.17 |
| − OpEx | −$10.6k | −$4.25 |
| NOI | $24.6k | $9.92 |
2,484 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.1K
$308.1K – $410.8K
NOI $24,647 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$324.3K
$283.8K – $378.4K
NOI $22,702 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$597.4K
$522.7K – $696.9K
NOI $41,815 @ 7.0% cap · market cap 15.49%
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?
Duplex - Turn-key duplex with brand-new in-unit laundry for both units and extensive 2025–2026 renovations throughout.
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 $269,900.
What are key features of this property?
This property features: Turn‑key South Buffalo duplex completely renovated top to bottom by licensed contractors (2025–2026) with permits; New in‑unit laundry in both units; Major systems updates include new plumbing throughout, updated electric (2nd floor wiring and new breakers), and new water/electric meters
