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82 Merrimac St
Buffalo, NY 14214
 MERRIMAC STUDENT HOUSING PACKAGE · Multifamily Property For Sale · 11 Units

Apartment Buildings New York 82 Merrimac St, Buffalo, NY 14214

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INVESTMENT HIGHLIGHTS

  • GREAT RENTAL LOCATIONS/STUDENT LEASES ARE JOINT AND SEVERAL
  • MANAGEMENT AND STAFF WILLING TO STAY
  • 2026-PROJECED CAP RATE WILL BE 13%

EXECUTIVE SUMMARY

6 BUILDINGPACKAGEOF STABILIZED STUDENT HOUSING NEAR THE UNIVERSITY AT BUFFALO, NY, MAIN ST. CAMPUS.
ALL BUILDINGS UNDER 12 MONTHLEASES ATHAT ARE JOINT AND SEVERAL.
3-7 MINUTES WALK TO CAMPUS.
2026-2027 LEASEUPS IN PROCESS NOW.
MANAGMENT AND STAFF WILLING TO STAY ON.
CURRENT INPLACE NOI = $131,000 SUPPORTING A CAP RATE OF 8.6%. 2026 NOI WILL SUPPORT A CAP RATE OF 13%.

PROPERTY FACTS

Price Per Unit $188,036 CAD Apartment Style Single-Family Home
Sale Type Investment Building Class C
Cap Rate 8.74% Lot Size 0.08 AC
Gross Rent Multiplier 5.6 Building Size 2,808 SF
No. Units 11 Average Occupancy 100%
Property Type Multifamily No. Stories 2
Property Subtype
Apartment
  • Multifamily Apartments
 Year Built/Renovated 1920/2000
Price Per Unit $188,036 CAD
Sale Type Investment
Cap Rate 8.74%
Gross Rent Multiplier 5.6
No. Units 11
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Single-Family Home
Building Class C
Lot Size 0.08 AC
Building Size 2,808 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1920/2000

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+1 10 $6,550 CAD 2,112 - 2,406
5+2 1 $3,792 CAD 1,744
 

  • Listing ID: 38599456

  • Date on Market: 2025-11-29

  • Last Updated:

  • Address: 82 Merrimac St, Buffalo, NY 14214

The University Multifamily Property at 82 Merrimac St, Buffalo, NY 14214 is currently available. Contact Network One Realty for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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