49, 51, 54 Merrimac Street Buffalo, NY $ 799,900
49, 51, 54 Merrimac Street
$ 799,900
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49, 51, 54 Merrimac Street

Buffalo, NY, 14214
$ 799,900
Bedrooms14 Baths4.1 Sq 5,182

Monthly Estimate*

$ 4,990

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Multi-Family Home for sale in Buffalo, NY

for $799,900 with 14 bedrooms and 4 full baths, 1 half bath. This 5,182 square foot home was built in 1920 on a lot size of 0.2376.

This three-property portfolio, located just minutes from the University at Buffalo, offers a fully leased, turnkey investment. The package includes four units comprised of 14 bedrooms and 4.5 bathrooms, all currently rented with steady cash flow. Each property is well-maintained and situated in a strong rental neighborhood. An ideal opportunity for investors seeking a turnkey, income-generating portfolio in a rental market with consistent demand. Rent includes utilities up to a capped dollar amount per month. Taxes (2025 County/2024-5 School/City), Building and Lot square footages are the total of all Three (3) properties. 54 Merrimac was built in 1928.

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Multi-Family Active

Price

$ 799,900

Bedrooms

14

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 10,160

Style

SeeRemarks,Fourplex

Lot Size

0.2376

Year Built

1920

Town/City

Buffalo

County/Region

Erie

MLS | Web ID

B1655023

Features
Interior
Interior Amenities CeilingFans Storage NaturalWoodwork
Basement Full SumpPump
Flooring Hardwood Varies
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 1
Laundry Features CommonArea WasherHookup
Total Bedrooms 14
Main Level Bathrooms 0
Total Baths 5
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General
Sewer Connected
Heating Gas Baseboard ForcedAir HotWater Radiant Steam
Utilities HighSpeedInternetAvailable SewerConnected WaterConnected
Possession CloseOfEscrow SubjectToTenantRights
Roof Asphalt
Appliances GasWaterHeater
Garage Spaces 0.0
Patio/Porch Features Balcony
Architectural Style Other SeeRemarks Fourplex
Construction Materials CompositeSiding VinylSiding CopperPlumbing
School District Buffalo
Year Built 1920
Electric CircuitBreakers
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
Gross Income 85680.0
Community Features TrailsPaths
Additional Parcels Description 40200-079-460-0005-014-000
County Erie
Net Operating Income 50520.0
Operating Expense 25000.0
Property Type Residential
Rent Includes Other SeeRemarks
Full Baths 4
Status Active
City Buffalo
Senior Community Y/N No
High School District Buffalo
Zoning Description Other - See Remarks
Number Of Units Total 4
MLS Area Buffalo City-140200
Lot Size Units Acres
Lot Size Square Feet 10350.0
Year Built Details Existing
Tax Annual Amount 10160.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 651000
TaxOtherAnnualAssessmentAmount 0.0
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Exterior
Exterior Amenities Balcony FullyFenced Fence PrivateYard SeeRemarks
Fencing Full Partial
Parking Features ParkingAvailable TwoOrMoreSpaces
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.2376
Building Area Total 5182.0
Lot Dimensions 60X115
Lot Size Acres 0.2376
Waterfront Y/N No
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
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Internal Only
Street Number 1 49
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* Excluded Features
List By
James R. Militello

Broker

(716) 260-4585

Phone

Affordability Calculator

$5,837
Per Month
85%
15%
0%
Monthly Principal & Interest
$4,990
Monthly Property Taxes
$847
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
246920 Elementary School
247190 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/16/2025$799,900 Listed Price

Map


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49, 51, 54 Merrimac Street, Buffalo, NY, 14214 is a Multi-Family Home for sale at $799,900 with 5,182 sqft and a lot size of 0.2376. 49, 51, 54 Merrimac Street has 14 bedrooms, 4.1 baths, and was built in 1920. The property's zip code is 14214 which is in Buffalo, NY