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20-Unit Apartment Building
New
For Sale
$2,052,745

701 W Stolley Park Rd., Grand Island, NE 68801

MULTI_FAMILY - Grand Island, NE

Property SizeContact for details
Lot Size2.70 Acres
Days on Market5

Property Features for 701 W Stolley Park Rd.

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning R-3
Bedrooms 2
Bathrooms 2
Full bathrooms 1
Half bathrooms 1
Rooms Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Appliances Applies to All Units, Refrigerator, Stove, Dishwasher
Elementary school Starr
Middle school Barr Middle School
High school Grand Island Senior High
Subdivision SW
Standard status Active
APN 400092034
Lot size 2.70 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description SILVERWOOD SECOND SUB LTS 1-2-3-4-5-6 S-T-R: 0-11-900701 W STOLLEY PARK RD GRAND ISLAND NE 68801
Tax Annual Amount 4592
Legal Description SILVERWOOD SECOND SUB LTS 1-2-3-4-5-6 S-T-R: 0-11-900701 W STOLLEY PARK RD GRAND ISLAND NE 68801

Utilities

Sewer type Public Sewer
Water source Public

Amenities

landscaped common areas
sidewalk

Building Details

Year built 1996
Floors in Building 2
Number of units 20
Roof type Asphalt
Architectural style Other
Listing Agency: Coldwell Banker Action Holdings
Listed By: Maite Belau
Added: Aug 13 Last Checked: Aug 17 at 4:06PM
MLS# 20262885

Copyright © 2026 Grand Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 20-unit apartment community was built in 1996 on 2.7 acres and is configured with two-bedroom, two-bathroom residences. Each unit includes a one-car attached garage, while community features include additional off-street parking, landscaped common areas, and sidewalks. Appliances provided throughout include refrigerators, stoves, and dishwashers.

The property is located at 701 W Stolley Park Rd. in Grand Island, Nebraska, across from both a middle school and an elementary school. Public water and public sewer serve the community. The site carries R-3 zoning, and the building has an asphalt roof.

Key Highlights

  • 20‑unit apartment community built in 1996
  • Each residence offers two bedrooms and two bathrooms
  • One‑car attached garage included with every unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Pharmacy Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

337
Businesses Nearby

Demographics for 68801, NE

30,440
Population
11,684
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
90.0 sq mi
ZIP Area
338
Density / Sq Mi
$63,214
Median Household Income
$37,995
Median Earnings
$931
Median Rent
$186,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-bedroom residences with attached garages, public utilities, and landscaped shared grounds.
Where is this apartment building located?
The property is located at 701 W Stolley Park Rd. Grand Island, NE.
What is the asking price?
The asking price for this property is $2,052,745.
What are key features of this property?
This property features: 20‑unit apartment community built in 1996; Each residence offers two bedrooms and two bathrooms; One‑car attached garage included with every unit
More about this property
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