Two-Unit
For Sale
$249,000
Pending
96 Mariemont Avenue, Buffalo, NY 14220
Separate utilities, forced-air heat, and laundry hookups support independent operation in both apartments.
Property Size1,988 SF
Days on Market14
Property Features for 96 Mariemont Avenue
General Information
Standard status
Pending
Size
1,988 SF
Property subtype
Duplex
Site & Location
Neighborhood
South Park
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,425
Amenities
replacement windows
washer/dryer hookups
backyard space
Building Details
Building Size
1,988 SF
Year Built
1950
Buildings
1
Listing Agency:
Gurney Becker & Bourne
Listed By:
Gary Greco Jr · License #10401251303
(716) 208-5340
Source:
Highfallssir
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 1:28PM
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 Gurney Becker & Bourne
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Investment Insights
Based on property information with market context.
This upper-and-lower duplex contains two apartments, each with two bedrooms and one bathroom. Both have updated kitchens with dining space, and each apartment includes its own forced-air furnace, utilities, and washer and dryer hookups. Hardwood flooring is present in the lower unit’s living room and both apartments’ bedrooms; the upper living room has LVP. Tile-surround bathrooms, replacement windows, and a backyard complete the property’s features.
A driveway provides off-street parking. Recent improvements include a lower-unit furnace and stoves for both apartments, installed in 2025.
A driveway provides off-street parking. Recent improvements include a lower-unit furnace and stoves for both apartments, installed in 2025.
Key Highlights
- Upper‑and‑lower duplex with two 2‑bedroom, 1‑bathroom apartments
- Separate utilities and forced‑air furnaces for each apartment
- Washer and dryer hookups in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,726
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,520
$394.5K
Cap Rate 7%
$281,800
$281.8K
Cap Rate 9%
$219,178
$219.2K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$29.8K $15.00/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$28.2K $14.17/SF
− OpEx
−$8.5K −$4.25/SF
NOI
$19.7K $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%
$394,520
Cap Rate 7%
$281,800
Cap Rate 9%
$219,178
Alternative Uses
Best Use
Multifamily LT 5
$281.8K
$246.6K – $328.8K
NOI $19,726 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$259.6K
$227.1K – $302.8K
NOI $18,169 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$478.1K
$418.3K – $557.8K
NOI $33,465 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
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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 - Separate utilities, forced-air heat, and laundry hookups support independent operation in both apartments.
Where is this duplex located?
The property is located at 96 Mariemont Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Upper‑and‑lower duplex with two 2‑bedroom, 1‑bathroom apartments; Separate utilities and forced‑air furnaces for each apartment; Washer and dryer hookups in both units
