Upper-Lower
New
For Sale
$249,000
96 Mariemont Avenue, Buffalo, NY 14220
Residential, Buffalo, NY
Property Size1,988 SF
Lot Size0.11 Acres
Price / SF$125.25
Days on Market1
Property Features for 96 Mariemont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Basement, Bedroom 3, Bathroom 2, Bedroom 4
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
Standard status
Active
APN
140200-133-560-0003-068-000
Size
1,988 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
2425
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
washer and dryer hookups
off street parking
backyard space
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Varies, Tile, Vinyl, Hardwood, Laminate
Building materials
CompositeSiding, Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Gary Greco Jr · License #10401251303
(716) 208-5340
Added: Oct 16
Last Checked: Oct 16 at 11:06PM
MLS# B1722663
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 1,988-square-foot duplex has an upper and a lower apartment, each with two bedrooms and one bathroom. Both units include kitchens with dining space, living rooms, hardwood-floored bedrooms, and washer and dryer hookups. Separate utilities and forced-air natural gas furnaces serve each apartment. The property sits on a 0.1135-acre lot with a driveway for off-street parking and a backyard. Replacement windows are installed throughout, and interior finishes include hardwood, tile, vinyl, and laminate flooring.
A new furnace was installed in the lower unit in 2025, and both apartments received new stoves that year. The property is on Mariemont Avenue in Buffalo, near McKinley Parkway and a short drive from downtown Buffalo.
A new furnace was installed in the lower unit in 2025, and both apartments received new stoves that year. The property is on Mariemont Avenue in Buffalo, near McKinley Parkway and a short drive from downtown Buffalo.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,988 square feet on a 0.1135‑acre lot
- Separate utilities, forced‑air furnaces, and washer and dryer hookups for 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.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
888
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 - Separate utilities and laundry hookups serve 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: Two apartments, each with 2 bedrooms and 1 bathroom; 1,988 square feet on a 0.1135‑acre lot; Separate utilities, forced‑air furnaces, and washer and dryer hookups for both units
