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12-Unit Apartment Complex
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1615 -1619 S Lincoln, Grand Island, NE 68801

Two buildings offer a mix of one- and two-bedroom apartments with varied lease arrangements.

Property SizeContact for details
Days on Market144

Property Features for 1615 -1619 S Lincoln

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Berkshire Hathaway HomeServices Da Ly Realty Grand Island
Listed By: Jerry Urbanski · License #NE 0860806
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 10:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Da Ly Realty Grand Island

Investment Insights

Based on property information with market context.

This multifamily offering combines two apartment buildings totaling 12 units. The two-story brick building contains eight apartments, including five one-bedroom units and three two-bedroom, one-bath units. Constructed in 1979, it includes a mix of conventional leases and month-to-month arrangements.

The second building is a four-unit, single-story property completed in 2001. Each apartment has two bedrooms and one bath, with 2,688 total square feet across the building. Utilities are electric only, and tenancy includes both lease agreements and month-to-month occupancy.

Key Highlights

  • Two apartment buildings offered together with 12 total units
  • Eight‑unit brick building includes 5 one‑bedroom and 3 two‑bedroom, one‑bath apartments
  • Four‑unit building has all two‑bedroom, one‑bath apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Pharmacy Building Supply Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

362
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 buildings offer a mix of one- and two-bedroom apartments with varied lease arrangements.
Where is this apartment building located?
The property is located at 1615 -1619 S Lincoln Grand Island, NE.
What are key features of this property?
This property features: Two apartment buildings offered together with 12 total units; Eight‑unit brick building includes 5 one‑bedroom and 3 two‑bedroom, one‑bath apartments; Four‑unit building has all two‑bedroom, one‑bath apartments
More about this property
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