Renovated Duplex with Detached
New
For Sale
$264,900
361 Marilla Street, Buffalo, NY 14220
Residential, Buffalo, NY
Property Size2,484 SF
Lot Size0.09 Acres
Price / SF$106.64
Days on Market1
Property Features for 361 Marilla Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 5, Bedroom 1
Parking features
Garage
Patio and Porch features
Porch
Interior features
CeilingFans, BedroomOnMainLevel
Exterior features
FullyFenced, PrivateYard
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
South Park to Marilla.
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
Natural Gas, Forced Air
Water source
Public
Amenities
in-unit laundry
garage
front deck
yard
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood, Vinyl
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: Oct 17
Last Checked: Oct 17 at 11:06PM
MLS# B1723048
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.
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Investment Insights
Based on property information with market context.
This 2,484-square-foot duplex contains two apartments: a lower-level unit with 2 bedrooms, 1 bathroom, a formal dining room and a large living room, and an upper unit with 3 bedrooms, 1 bathroom and an open layout. Each apartment has in-unit laundry and an updated kitchen and bathroom. Renovation work in 2025-2026 included new plumbing, new second-floor wiring, separate water and electric meters, two hot water tanks, 17 windows, insulation, drywall, flooring and paint. The upper unit also received new electrical systems and insulation.
The property includes a detached two-car garage, a front deck and a fenced yard. Built in 1930, the duplex sits on a 0.0909-acre lot in Buffalo.
The property includes a detached two-car garage, a front deck and a fenced yard. Built in 1930, the duplex sits on a 0.0909-acre lot in Buffalo.
Key Highlights
- Two apartments: lower unit has 2 bedrooms and 1 bathroom; upper unit has 3 bedrooms and 1 bathroom
- 2,484 square feet on a 0.0909‑acre lot
- Renovation work completed in 2025‑2026
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered apartments include in-unit laundry and updated kitchens and bathrooms.
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 apartments: lower unit has 2 bedrooms and 1 bathroom; upper unit has 3 bedrooms and 1 bathroom; 2,484 square feet on a 0.0909‑acre lot; Renovation work completed in 2025‑2026
