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    239 W Irving St Lincoln, NE 68521

    Sponsored
    For Sale
    $1,900,000

    Multi-Family - Lincoln, NE

    Type:Multi Family
    Days on Market:
    103
    Last Refresh:
    Jan 5 at 1:06 pm

    Property Features for 239 W Irving St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Basement
    APN
    11-10-201-011-000
    Parking
    28
    Patio and Porch features
    Deck
    Exterior features
    Deck/Balcony
    Basement Y/N
    1

    Utilities

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

    Building Details

    Year built
    1998
    Number of units
    7
    Architectural style
    Other

    Keller Williams Lincoln (402) 328-0200 [email protected]

    Listing agent Alec Cromer (402) 328-0200

    Listing date Sep 25, 2025

    MLS# 22521796 Listing URL

    Copyright © 2026 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

    Lincoln Multi-Family Townhome Portfolio

    This offering presents a rare opportunity to acquire a performing 7-unit portfolio of well-maintained townhomes, all situated on the same street in Northwest Lincoln. The package includes 4 split-level townhomes, each featuring 3 bedrooms and 2 bathrooms, along with 3 ranch-style townhomes, consisting of two 3-bedroom, 3-bathroom units and one 4-bedroom, 3-bathroom unit. This unit mix provides both stability and potential for increased value. Each unit is equipped with an attached garage, forced air heating, central air conditioning, and a private entrance. The properties are located within walking distance of each other, which promotes efficient management and minimal turnover. The portfolio is fully rented, demonstrating a strong rental history and long-term tenants. The current annual rental income is approximately $120,000, with rents below market value, suggesting significant opportunities for value-add improvements. Backing to commons areas with mature trees, these homes offer tenants a peaceful, residential setting while being just minutes from downtown, the airport, interstate, and local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7221889
    Latitude
    40.8514008

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 7-unit townhome portfolio in Northwest Lincoln.
    Where is this apartment building located?
    The property is located at 239 W Irving St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Performing 7-unit townhome portfolio in Northwest Lincoln.; - Fully rented with strong rental history and long-term tenants.; - Significant value-add potential with rents under market, yielding $120k annual income.
    (402) 587-2274
    Request Owner's contact information
    239 W Irving St Lincoln, NE 68521
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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
    239 W Irving St Lincoln, NE 68521
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