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28036153
28036154

2801 Merrill St, Lincoln, NE 68503

DS
NE NE 20000632
NAI FMA Realty
MH
NE 20110439
NAI FMA Realty
Listed by NAI FMA Realty
$4,900,000
212 days on market
Updated 51 days ago

2801 Merrill St

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 30
Cap Rate 4.30%
Occupancy 100%
Class B
Year Built 1990
Acreage 4.190

Multifamily | 30 Units | $163,333/unit

Marketing description

This 30-unit multi-family portfolio offers stable, long-term cash flow in one of the Midwest’s most dependable and affordable markets. Situated on 4.19 acres with excess land for future development, this property combines immediate income with long-term growth potential.

Property Highlights:

30 total units: 20 three-bedroom (1,188 SF) & 10 four-bedroom (1,408 SF) townhomes

Built in 1990 – well-maintained with strong rental history

Each unit includes: private attached garage, washer/dryer, central A/C, full kitchen, patio/balcony

Community amenities: playground, walking trails, and nearby grocery and retail options

Parking: private garage + driveway + street parking

Investment Advantages:

Fully leased with strong in-place income and professional management

Located minutes from Downtown Lincoln, University of Nebraska–Lincoln, and Nebraska Wesleyan University – supporting consistent student and workforce rental demand

Young, renter-heavy demographic within a 1-mile radius (68% renter-occupied)

Median household income within 3 miles: $54,468

Projected population growth of ~1.4% by 2030

Why Lincoln?

Lincoln’s economy is anchored by government, education, healthcare, and tech innovation—providing exceptional employment stability. Major employers include the State of Nebraska, Bryan Health, Hudl, Ameritas, and Olsson. With low unemployment (2.4%) and over 1,100 new units under construction (Q3 2025), the market continues to demonstrate robust rental demand and growth.

For financial information, please execute the NDA.

Listing Contacts

DS
NE NE 20000632
NAI FMA Realty
MH
NE 20110439
NAI FMA Realty
Listed by NAI FMA Realty

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Additional Information

Name
Diana Schilf
License
NE 20000632
Brokerage
NAI FMA Realty
Brokerage Phone
402-441-5800
Title
Real Estate Salesperson
Brokerage Address
1248 O Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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