20-Unit Apartment
701 W Stolley Park Rd., Grand Island, NE 68801
For Sale
$2,052,745
Residential Income, 1 1/2 Story, Grand Island, NE
Property SizeContact for details
Lot Size2.70 Acres
Days on Market92
Property Features for 701 W Stolley Park Rd.
General Information
Property type
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Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
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Elementary school
Middle school
High school
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
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Tax Description
Tax Annual Amount
Legal Description
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Sewer type
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Building Details
Year built
Floors in Building
Number of units
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Architectural style
Listing Agency:
Coldwell Banker Action Holdings
(308) 384-3777
Listed By:
Maite Belau
(308) 370-8381
Added: Aug 13
Changed: Oct 26
Last Checked: Nov 12 at 8:06AM
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.
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Investment Insights
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This 20-unit apartment community was built in 1996 on 2.7 acres and is classified R-3. Each residence includes two bedrooms, two bathrooms, a one-car attached garage, and a kitchen equipped with a refrigerator, stove, and dishwasher. Public water and public sewer serve the property, while asphalt roofing and landscaped shared areas support the overall improvements. Off-street parking and sidewalks are also included.
The property sits across the street from both a middle school and an elementary school in Grand Island, Nebraska. It operates as an NIFA low-income tax credit project with owner-subsidized rents that cannot be changed until 2041, providing a defined affordability structure for the apartment community.
The property sits across the street from both a middle school and an elementary school in Grand Island, Nebraska. It operates as an NIFA low-income tax credit project with owner-subsidized rents that cannot be changed until 2041, providing a defined affordability structure for the apartment community.
Key Highlights
- 20‑unit apartment community on 2.7 acres
- Each unit includes 2 bedrooms, 2 bathrooms, and a 1‑car attached garage
- NIFA low‑income tax credit project with owner‑subsidized rents through 2041
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Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
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Business Placement
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
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom residences offer private baths, attached garages, and access to landscaped common areas.
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 on 2.7 acres; Each unit includes 2 bedrooms, 2 bathrooms, and a 1‑car attached garage; NIFA low‑income tax credit project with owner‑subsidized rents through 2041
