Sold for $1,300,000

$1,300,000

311 N Lincoln Ave, Grand Island, NE 68801

24beds

--sqft

Apartment Building

Built in 1965

-- sqft lot

$592,600 Zestimate^®

$--/sqft

$1,060 Estimated rent

Home value

$592,600

$474,000 - $747,000

$1,060/mo

Zestimate^® history

Owner options

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$1,060/mo

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$1,060/mo

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$6,980/mo

Est. payment

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$6,980/mo

Est. payment

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What's special

Great investment opportunity! 16 unit apartment complex. Eight 2 BRs and eight 1 BRs. 15 of 16 units completely remodeled with new kitchens, baths, flooring, electrical, and paint. 16th unit has bath remodeled. Basement with laundry room and potential for storage rental. Tenants pay electric and gas. Owner pays water/sewer/trash. New roof. Current monthly rental capacity of $12,200.00

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 24
Bathrooms: 16
Full bathrooms: 16

Heating

Individual Heat

Cooling

Individual Air Conditioner

Appliances

Included: Applies to All Units, Refrigerator, Stove, Common Water Heaters

Features

Formal Living Area, Kitchen/Dining Combo, Private Bath
Windows: Drapes
Has basement: Yes

Property

Parking

Parking features: No Garage

Features

Levels: Two
Stories: 2

Lot

Size: 0.44 Acres
Dimensions: 138 x 140

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment Building

Materials

Frame, Brick
Roof: Membrane

Condition

Year built: 1965

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate Meters, Master Meters

Community & HOA

Community

Security: Smoke Detector(s)

Location

Region: Grand Island

Financial & listing details

Annual tax amount: $11,839
Date on market: 10/16/2024
Tenant pays: Gas, Electricity, Cable TV, Applies to All Units

Price history

Date	Event	Price
6/23/2025	Listing removed	$900
Source: Zillow Rentals Report a problem
5/28/2025	Listed for rent	$900+6.5%
Source: Zillow Rentals Report a problem
8/12/2024	Sold	$1,300,000-9.7%
Source: Grand Island BOR #20240254 Report a problem
7/31/2024	Pending sale	$1,440,000
Source: Grand Island BOR #20240254 Report a problem
7/26/2024	Listing removed	--
Source: Grand Island BOR #20240254 Report a problem
7/26/2024	Pending sale	$1,440,000
Source: Grand Island BOR #20240254 Report a problem
7/2/2024	Listing removed	--
Source: Zillow Rentals Report a problem
5/23/2024	Listed for rent	$845
Source: Zillow Rentals Report a problem
4/2/2024	Listed for sale	$1,440,000
Source: Grand Island BOR #20240254 Report a problem

Public tax history

Tax history is unavailable.

Neighborhood: 68801

Nearby homes

Nearby schools

GreatSchools rating

4/10
Wasmer Elementary School
Grades: PK-5Distance: 0.3 mi
4/10
Barr Middle School
Grades: 6-8Distance: 1.3 mi
1/10
Grand Island Senior High School
Grades: 9-12Distance: 1.6 mi

Schools provided by the listing agent

Elementary: Wasmer
Middle: Barr Middle School
High: Grand Island Senior High

Source: Grand Island BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.