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49-51 54 Merrimac St, Buffalo, NY, 14214

14beds
5baths
2,364sqft
$799,900
$338price/sqft
$6,014/moest. monthly cost
$240,560/yrincome needed

About This Home

This three-property portfolio, located just minutes from the University at Buffalo, is a fully leased, turnkey investment. 49 Merrimac: 2,364 Sq. Ft. 51 Merrimac: 1,194 Sq. Ft. 54 Merrimac: 1,624 Sq. Ft. The total 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), 54 Merrimac was built in 1928.

Getting Around

83
WalkingVery Walkable
52
TransitGood Transit
71
BikeVery Bikeable

Schools

2/10
Highgate HeightsGrades PK-81.1 mi
9/10
Middle Early College High SchoolGrades 9-120.7 mi
3/10
PS 61 Arthur O Eve School of DistinctionGrades PK-41.4 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1920

Materials

  • Roof: Asphalt
  • Construction materials: Composite Siding,Vinyl Siding,Copper Plumbing

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other,See Remarks,Fourplex
  • Property subType: Quadruplex,Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Common Area,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Sump Pump

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),Storage,Natural Woodwork
  • Flooring: Hardwood,Varies

Heating

  • Heating features: Gas,Baseboard,Forced Air,Hot Water,Radiant,Steam

Interior Area

  • Total structure area: 2,364
  • Total interior livable area: 2,364 sqft

Property

Details

  • Parcel number: 1402000794600005013000
  • Zoning description: Other - See Remarks
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Balcony
  • Exterior features: Balcony,Fully Fenced,Fence,Private Yard,See Remarks
  • Fencing: Full,Partial

Lot

  • Lot size: 10,349 sqft
  • Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 60 x 115

Parking

  • Parking features: Parking Available,Two or More Spaces