2801 Merrill St

Investment Overview

Multi-family investment opportunity at 2801 Merrill Street, featuring a 30-unit portfolio on approximately 4.19 acres. Offered at $4,900,000 with 100% occupancy and a 4.9% cap rate, the property includes a mix of 20 three-bedroom units (1,188 SF) and 10 four-bedroom units (1,408 SF). Built in 1990, each unit includes a private attached garage, full kitchen, in-unit washer/dryer, and outdoor patio or balcony. The site also includes excess land for future development, providing additional upside potential for investors.

Investment Highlights

• 30-unit multi-family investment
• Sale Price: $4,900,000
• 100% occupied
• Cap Rate: 4.9%
• Unit mix:
• (20) 3BR/2BA – 1,188 SF
• (10) 4BR/2BA – 1,408 SF
• Built in 1990
• 4.19-acre site with excess land for development
• Private attached garages for each unit
• In-unit washer/dryer, full kitchens, patios/balconies
• Strong renter demographics with proximity to universities