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    1218 E St Lincoln, NE 68508

    For Sale
    $925,000

    Multi-Family - Lincoln, NE

    Type:Multi Family
    Days on Market:
    168
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 1218 E St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Basement, Kitchen, Living Room
    APN
    10-26-411-011-000
    Parking
    6
    Exterior features
    Partial Fencing
    Fencing
    Fenced, Partial
    Basement Y/N
    1
    Appliances
    Cooktop, Range, Refrigerator

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1974
    Number of units
    12
    Roof type
    Composition
    Architectural style
    Other

    Realty One Group Sterling (402) 706-8583 [email protected]

    Listing agent Wyatt Simon (402) 934-0074 License #20240314

    Listing date Jun 23, 2025

    MLS# 22517235 Listing URL

    Copyright © 2025 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey 12-Unit Investment Opportunity

    This fully occupied 12-unit building is a turnkey investment opportunity located just 5 minutes from downtown Lincoln. The property features 6 spacious 2 bed 1 bath units and 6 efficient 1 bed 1 bath units. All units have been recently renovated and well maintained. Each unit includes its own furnace and A/C combo unit, with about half of them recently replaced. This offers independent climate control for tenants and streamlined maintenance for owners. There is plenty of upside potential with room to raise rents. The gross income is $11.2k per month, exceeding the 1% Rule.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7034705
    Latitude
    40.8039779

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied, renovated 12-unit building near downtown Lincoln.
    Where is this apartment building located?
    The property is located at 1218 E St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Fully occupied 12-unit building offering immediate income.; - Prime location: Just 5 minutes from downtown Lincoln.; - Recently renovated and well-maintained units.
    (402) 934-0074
    Request Owner's contact information
    1218 E St Lincoln, NE 68508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1218 E St Lincoln, NE 68508
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