2801 Merrill St - Apartments FOR SALE


Lincoln, NE 68503- Clinton
$4,900,000 USD
402-441-5834
2801 Merrill St, Lincoln, NE for Sale
$4,900,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

2801 Merrill St
Lincoln, NE 68503
Clinton


OVERVIEW

This 30-unit multi-family portfolio offers stable, long-term cash flow in one of the Midwest’s most dependable and affordable markets. Situated on 4.19 acres with excess land for future development, this property combines immediate income with long-term growth potential. Property Highlights: 30 total units: 20 three-bedroom (1,188 SF) & 10 four-bedroom (1,408 SF) townhomes Built in 1990 – well-maintained with strong rental history Each unit includes: private attached garage, washer/dryer, central A/C, full kitchen, patio/balcony Community amenities: playground, walking trails, and nearby grocery and retail options Parking: private garage + driveway + street parking Investment Advantages: Fully leased with strong in-place income and professional management Located minutes from Downtown Lincoln, University of Nebraska–Lincoln, and Nebraska Wesleyan University – supporting consistent student and workforce rental demand Young, renter-heavy demographic within a 1-mile radius (68% renter-occupied) Median household income within 3 miles: $54,468 Projected population growth of ~1.4% by 2030 Why Lincoln? Lincoln’s economy is anchored by government, education, healthcare, and tech innovation—providing exceptional employment stability. Major employers include the State of Nebraska, Bryan Health, Hudl, Ameritas, and Olsson. With low unemployment (2.4%) and over 1,100 new units under construction (Q3 2025), the market continues to demonstrate robust rental demand and growth. For financial information, please execute the NDA.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

30

PRICE/UNIT

$163,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.19 AC

LAND SF

182,522 SF

ZONING

-

APN/PARCEL ID

17-18-308-010-000

ASK ABOUT THIS PROPERTY

Marc HausmannNAI FMA RealtyMore Info
402-441-5834

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Marc HausmannNAI FMA RealtyMore Info
402-441-5834

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.