54 Merrimac St

Buffalo, NY 14214

$799,900
Price
14
Beds
2,364 Sq. Ft.
$338 / Sq. Ft.
2,364
Sq. Ft.
$338
per Sq. Ft.

Description

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...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.
  1. Listed by Brittany Weber • James R. Militello
    P: (716)-856-2872 C: (716)-260-4585 brittanyw@militello.com

Property Details for 54 Merrimac Street

Styles Of Residence
Other, See Remarks, Fourplex
On Waterfront
No
Parking Description
Parking Available, Two Or More Spaces
Nearest Cross Street
Cornell
LISTING UPDATED: 12/22/2025 12:57 PM

Property Details for 54 Merrimac Street

StatusActive
MLS #B1655023
Days on Market35
Taxes$10,160 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1920
Lot Size0.08 AC / 3,450 SF
CountyErie County

Location

Listing Courtesy of James R. Militello
Add your commute

Building Information for 54 Merrimac Street

Stories2Residences4Year Built1920Building Size-Lot Size0.08 AC / 3,450 SF

Payment Calculator

$4,745 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,899

Property Taxes

$847

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 54 Merrimac Street

Summary
Location and General Information
  • Elementary School District: Buffalo
  • High School District: Buffalo
  • Middle Or Junior School District: Buffalo
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Buffalo City-140200
  • Tax Annual Amount: $10,160.00
Property
Lot Information
  • Additional Parcels Description: 40200-079-460-0005-014-000
  • Building Area Total: 2364.0
  • Land Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.2376
  • Lot Size Area: 0.2376
  • Lot Size Square Feet: 3450.0
  • Lot Size Units: Acres
  • Parcel Number: 140200-079-460-0005-013-000
  • Road Frontage: City Street
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $651,000
  • Year Built: 1920
  • Year Built Description: Existing
  • Zoning Description: Other - See Remarks
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 4
  • Num Of Gas Meters: 4
  • Sewer Description: Connected
  • Utilities Available: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • 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
  • Patio And Porch Features: Balcony
  • Roof Description: Asphalt
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full, Sump Pump
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 14
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Varies
  • Heating: Gas, Baseboard, Forced Air, Hot Water, Radiant, Steam
  • Heating YN: Yes
  • Interior Features: Ceiling Fans, Storage, Natural Woodwork
  • Laundry Features: Common Area, Washer Hookup
  • Levels: Two
  • Sq Ft Total: 2364.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $85,680.00
  • Net Operating Income: $50,520.00
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Operating Expenses: $25,000.00
  • Operating Expense Includes: Insurance, Other, Professional Management, See Remarks, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $2,300.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Features: ,Formal Dining Room,Laundry-In Unit,Living Room,Porch
  • Unit Type Total Rent: $2,300.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 05-21-2026
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 1
  • Unit Type Actual Rent Range: 2300
Unit 2
  • Unit Type Actual Rent: $1,840.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Features: ,Eat-In Kitchen,Laundry-In Unit,Living Room,Porch
  • Unit Type Total Rent: $1,840.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 07-21-2026
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1840
Unit 3
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: ,Eat-In Kitchen,Living Room,Other - See Remarks,Porch
  • Unit Type Total Rent: $1,500.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 05-21-2026
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1500
Unit 4
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: ,Eat-In Kitchen,Living Room,Other - See Remarks,Porch
  • Unit Type Total Rent: $1,500.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 05-21-2026
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1500
Rental
Rental Information
  • Rent Includes: Other, See Remarks

Property History for 54 Merrimac Street

DateEvent & SourcePriceAppreciation
Dec 16, 2025

Listed (Active)

WNYREIS #B1655023

$799,900—
Jan 14, 2006

Sold (Public Record)

Public Record #250445955

$44,000

+113.9% / yr

Apr 27, 2005

Sold (Public Record)

Public Record #250357753

$25,500—
Apr 15, 2005

Sold

WNYREIS #B222650

$25,500—
Mar 29, 2005

Pending

WNYREIS #B222650

—
Dec 22, 2004

Listed (Active)

WNYREIS #B222650

$35,000—
May 28, 2004

Sold

WNYREIS #B195561

$35,700—
Mar 29, 2004

Pending

WNYREIS #B195561

—
Oct 15, 2003

Listed (Active)

WNYREIS #B195561

$45,000—
DateEvent & SourcePrice
12/16/2025

Listed (Active)

WNYREIS #B1655023

$799,900
01/14/2006

Sold (Public Record)

Public Record #250445955

$44,000

+113.9% / yr

04/27/2005

Sold (Public Record)

Public Record #250357753

$25,500
04/15/2005

Sold

WNYREIS #B222650

$25,500
03/29/2005

Pending

WNYREIS #B222650

—
12/22/2004

Listed (Active)

WNYREIS #B222650

$35,000
05/28/2004

Sold

WNYREIS #B195561

$35,700
03/29/2004

Pending

WNYREIS #B195561

—
10/15/2003

Listed (Active)

WNYREIS #B195561

$45,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 54 Merrimac Street

Taxable ValueLand$9,100Additions$76,900Total$86,000
Tax Record2024$1,397 ($116 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,624 SqFtAbove Grade Finished SqFt1,624 SqFtStories2Lot Size3,450 SqFtStyleSingle Family ResidenceYear Built1928ZoningN-3RCountyERIEAPN140200 79.54-2-2

Schools near 54 Merrimac Street

This home is within Buffalo City School District.
Rating
School
Type
Grades
Distance
North Park Community School #50
Public - PK to 4
Highgate Heights
Public - PK to 8
Middle Early College High School
Public - 9 to 12
Lewis J Bennett High Of Innovative Tec
Public - 9 to 12
Rating
School
Distance
North Park Community School #50
PublicPK to 4

Highgate Heights
PublicPK to 8

Middle Early College High School
Public9 to 12

Lewis J Bennett High Of Innovative Tec
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 54 Merrimac Street, Buffalo, NY 14214

54 Merrimac Street is a multi-family home for sale in Buffalo, NY 14214. This property was listed for sale on December 16, 2025 by James R. Militello, it's currently listed at $799,900. It has been on the market for a total of 35 days and was last sold on January 14, 2006. This listing's school district is Buffalo City School District. Nearby schools include North Park Community School #50, Highgate Heights and Middle Early College High School. 54 Merrimac Street is a 14-bed, 5-bath, 2,364 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of James R. Militello

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.