2801 Merrill St 30 Unit Apartment Building $4,900,000 ($163,333/Unit) Lincoln, NE 68503

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.