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Updated Triplex
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For Sale
$330,000

1839-41 N Grand Island Avenue, Grand Island, NE 68803

Residential Income, Grand Island, NE

Property SizeContact for details
Lot Size0.24 Acres
Days on Market5

Property Features for 1839-41 N Grand Island Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R2
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 3, Bathroom 3, Bathroom 2
Appliances Applies to Some Units
Elementary school West Lawn
Middle school Walnut
High school Grand Island Senior High
Subdivision NW
Standard status Active
APN 400115301
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description WEST LAWN LT 35 XC N 16' OF E 46' & W 86' LT 36 1837-1841 GRAND ISLAND AVE GRAND ISLAND NE 68803
Tax Annual Amount 3774
Legal Description WEST LAWN LT 35 XC N 16' OF E 46' & W 86' LT 36 1837-1841 GRAND ISLAND AVE GRAND ISLAND NE 68803

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1916
Floors in Building 1
Number of units 3
Roof type Composition
Listing Agency: Nebraska Realty
Listed By: Deborah Marshall
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 13 at 4:06PM
MLS# 20263054

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 R2-zoned triplex contains three units with one to two bedrooms and one bathroom. Improvements include a roof, siding, windows, HVAC, carpet, and paint. A detached two-car garage and an additional parking slab serve the property.

The building dates to 1916 and occupies a 0.24-acre corner lot. Public water and sewer are available, and the roof is composition.

Key Highlights

  • Three units with one- to two‑bedroom layouts and one bathroom
  • Detached two‑car garage and additional parking slab
  • 0.24‑acre corner parcel

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Kitchen & Bath Showroom Bakery Barber Shop

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

255
Businesses Nearby

Demographics for 68803, NE

26,487
Population
11,188
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
86.9 sq mi
ZIP Area
305
Density / Sq Mi
$70,040
Median Household Income
$44,795
Median Earnings
$888
Median Rent
$224,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Three residential units offer one- to two-bedroom layouts, with a detached garage and additional parking slab.
Where is this triplex located?
The property is located at 1839-41 N Grand Island Avenue Grand Island, NE.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Three units with one- to two‑bedroom layouts and one bathroom; Detached two‑car garage and additional parking slab; 0.24‑acre corner parcel
More about this property
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