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.
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.
Property Details
Price:
$799,900
MLS #:
B1655023
Status:
Active
Beds:
14
Baths:
5
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
University District
Neighborhood:
buffalocity140200
Listed Date:
Dec 16, 2025
Finished Sq Ft:
2,364
Total Sq Ft:
2,364
Lot Size:
3,450 sqft / 0.24 acres (approx)
Year Built:
1920
Units:
4
See this Listing
Schools
School District:
Buffalo
Interior
Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Flooring
Hardwood, Varies
Heating
Gas, Baseboard, Forced Air, Hot Water, Radiant, Steam
Interior Features
Ceiling Fans, Storage, Natural Woodwork
Laundry Features
Common Area, Washer Hookup
Levels
Two
Exterior
Architectural Style
Other, See Remarks, Fourplex
Community Features
Trails Paths
Construction Materials
Composite Siding, Vinyl Siding, Copper Plumbing
Exterior Features
Balcony, Fully Fenced, Fence, Private Yard, See Remarks
Fencing
Full, Partial
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Parking Features
Parking Available, Two Or More Spaces
Patio And Porch Features
Balcony
Roof
Asphalt
Stories
2
Financial
Taxes
$10,160
Map
Community
- Address49 51 54 Merrimac Street Buffalo NY
- CityBuffalo
- CountyErie
- Zip Code14214
Subdivisions in Buffalo
- 200 Delaware Condo
- 770 West Ferry Condo
- 800 West Ferry Condo
- Admirals Walk Condo
- Allentown
- Appollos Stevens
- Bailey Estate
- Bailey Estates
- Bailey-Lovejoy
- Berkshire Terrace
- Bird Farm
- Black Rock
- Bronson Park
- Bryant Parish Condo
- Buffal0 Crk Reservation
- Buffalo
- Buffalo Creek Reservation
- Buffalo Crk
- Buffalo Crk Indian Reserv
- Buffalo Crk Reservation
- Buffalo Stove Works Prop
- Carriage Lane Condo Bldg
- Central Park
- City Centre Condo
- City Of Buffalo
- City/Buffalo
- Cold Springs
- Colvin Estates
- Colvin Park
- Colvin Park New 04
- Delaware District
- Delaware Tower
- Delaware Tower Condo
- Delaware Tower Condos
- Downtown
- Drexel Add
- Drexel Sub
- East Side
- Ebenezer Lands
- Elmwood
- Elmwood Strip
- Estate/James H Metcalfe
- Executive Condo
- Ferry
- Ferry Lt
- Fillmore Leroy
- First Ward
- Fruit Belt
- Gore
- Gore Tr
- Hamlin Park
- Highland Park
- Historic Warehouse Condo
- Holland Company’s Surv
- Holland Land
- Holland Land Co
- Holland Land Companies Su
- Holland Land Company
- Holland Land Company ‘s S
- Holland Land Company Surv
- Holland Land Company’s Su
- Holland Land Companys
- Holland Land Companys Sur
- Holland Land Cos Curv
- HOLLAND LAND COS SURV
- Holland Land’s Company Su
- Holland Lands Company’s S
- Homes Tr
- Hospital Hill
- Humboldt Park
- James Sperry’s Surv
- Jones
- Jones Tr
- Kaisertown
- Kensington
- Kensington Park
- Land Company’s Surv
- Lands/The Richmond Avenue
- Lang Field Sub Map #2
- Lee & Mcphersons Sub
- Lower West Side
- Manns Plan
- Marina Park Condo B Bldg
- Masten Park
- New York State Reservatio
- Niagara
- North Buffalo
- Parish
- Parish Tr
- Parkside
- Pasquale Condo
- Polonia
- Rivermist Dev Ph 1
- Riverside
- Schiller Park
- South Buffalo
- South Vlg/Black Rock
- St Marys Square Condo
- Steven’s Surv
- Stevens Surv
- University District
- University Heights
- University Park Sub
- Waterfront Village Pt I
- Waterfront Village Pt Ii
- West Side
- Willert Park
- Willert Park Village Ph 1
Market Summary
Current real estate data for Multi Family in Buffalo as of Sep 02, 2026
546
Multi Family Listed
81
Avg DOM
97
Avg $ / SqFt
$290,570
Avg List Price
Property Summary
- 49 51 54 Merrimac Street Buffalo NY is a Multi Family for sale in Buffalo, NY, 14214. It is listed for $799,900
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Courtesy of James R. Militello. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 49 51 54 Merrimac Street
Buffalo, NY