49-51 54 Merrimac St, Buffalo, NY, 14214
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
Very Walkable
Good Transit
Very BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Erie County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,044 | $48,528 |
| Home Insurance * | $434 | $5,208 |
| Property Taxes | $1,146 | $13,752 |
| Electricity | $390 | $4,688 |
| Total | $6,014 | $72,168 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-12-16 | Listed for sale | $799,900 |
View on Zillow