20-Unit Apartment
For Sale
$2,052,745
701 W Stolley Park Rd., Grand Island, NE 68801
Residential Income, 1 1/2 Story, Grand Island, NE
Property SizeContact for details
Lot Size2.70 Acres
Days on Market47
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 1, Bathroom 1, Bathroom 2, Bedroom 2
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
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
(308) 384-3777
Listed By:
Maite Belau
(308) 370-8381
Added: Aug 13
Changed: Sep 14
Last Checked: Sep 28 at 5:06AM
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.
Investment Insights
Based on property information with market context.
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
Property Analytics
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Current Use
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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Market
Vacancy Rate% for Multifamily in Midwest region
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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
