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.

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More Info

Basic Information

Attribution Contact 716-856-2872
Gross Income $85,680
Operating Expense $25,000
Owner Pays Other, See Remarks
Parcel Number 140200-079-460-0005-013-000
Rent Includes Other, See Remarks

Building

Basement Yes
Building ConstructionComposite Siding, Vinyl Siding, Copper Plumbing
Property StyleOther, See Remarks, Fourplex
Stories2
Units4
Year Built1920

Utilities

Electric Circuit Breakers
Heat System
- Baseboard
- Forced Air
- Gas
- Hot Water
- Radiant
- Steam
Heating YN Yes
Utilities High Speed Internet Available, Sewer Connected, Water Connected
Waste Water DisposalConnected

Other

Possession Close Of Escrow, Subject To Tenant Rights
Special Listing Conditions Standard

Tax Information

Taxes$10,160

Parking

Parking Features Parking Available, Two or More Spaces

Basic Information

List Price$799,900
NYSAB1655023
Modification Date12/22/2025
Property SubTypeMulti Family
StatusActive

Interior

Flooring Hardwood, Varies

Exterior

Exterior Features Balcony, Fully Fenced, Fence, Private Yard, See Remarks
Fencing Full, Partial
RoofAsphalt

Amenities

Appliances IncludedGas Water Heater
Community Features Trails/Paths
Other AmenitiesBasement

Water Body

Water AccessConnected, Public

School Information

High School DistrictBuffalo

Rooms

Bathroom5
Bedrooms14
Full Bath4
Half Baths1
Laundry Features Common Area, Washer Hookup

Location

Address49, 51, 54 Merrimac Street
AreaBuffalo City
Building Number49,51,54
CountyErie
StateNY
StreetMerrimac Street
TownBuffalo
Zip14214

Property Information

Acreage0.24
Lot Features Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Patio And Porch Features Balcony
Property Condition Resale
Square Feet2,364

Legal

ZoningOther - See Remarks

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Grier Allen

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