2-Unit Duplex with Finished
For Sale
$299,000
105 Merrimac Street, Buffalo, NY 14214
Residential, Buffalo, NY
Property Size2,102 SF
Lot Size0.05 Acres
Price / SF$142.25
Days on Market8
Property Features for 105 Merrimac Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 3, Basement, Bedroom 4, Bedroom 5, Bedroom 2
Patio and Porch features
Porch
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-079-460-0006-028-000
Size
2,102 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2019
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
finished attic
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies
Building materials
CompositeSiding, VinylSiding
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Thejan Kodituwakku · License #10401342241
(716) 292-8756
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 28 at 7:06AM
MLS# B1723314
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Buffalo duplex contains 2,102 square feet across two residences, each configured with four bedrooms and two full bathrooms. The upper residence also includes a finished attic. Built in 1920, the property sits on a 0.053-acre lot and has a porch, hardwood and varied flooring, and forced-air natural gas heat.
The property is in Buffalo’s University Heights neighborhood, near UB South Campus. Public transportation, shopping, restaurants, and neighborhood amenities are also nearby.
The property is in Buffalo’s University Heights neighborhood, near UB South Campus. Public transportation, shopping, restaurants, and neighborhood amenities are also nearby.
Key Highlights
- Two residences, each with four bedrooms and two full bathrooms
- Finished attic connected to the upper residence
- 2,102 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,857
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,140
$417.1K
Cap Rate 7%
$297,957
$298.0K
Cap Rate 9%
$231,744
$231.7K
Market Conditions
NOI Build-Up for 2,102 SF
Gross rent
$31.5K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$29.8K $14.17/SF
− OpEx
−$8.9K −$4.25/SF
NOI
$20.9K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,140
Cap Rate 7%
$297,957
Cap Rate 9%
$231,744
Alternative Uses
Best Use
Multifamily LT 5
$298.0K
$260.7K – $347.6K
NOI $20,857 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$274.4K
$240.1K – $320.2K
NOI $19,211 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$505.5K
$442.3K – $589.7K
NOI $35,384 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have four bedrooms and two full bathrooms, with additional finished space in the upper-level attic.
Where is this duplex located?
The property is located at 105 Merrimac Street Buffalo, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two residences, each with four bedrooms and two full bathrooms; Finished attic connected to the upper residence; 2,102 square feet of building area
