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13-Unit Apartment Building
For Sale
$1,195,000

421 Capitol Beach Boulevard, Lincoln, NE 68528

MULTIFAMILY, Lincoln, NE

Property SizeContact for details
Days on Market128

Property Features for 421 Capitol Beach Boulevard

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Parking 22
Parking features Off Street
Interior features Accessible, Laundry Facilities, Zero Step Entry
Exterior features Accessible, Zero Step Entry
Appliances Range, Refrigerator
Subdivision Lakeview Acres
Lot features Level
Elementary school Lakeview
Middle school Park
High school Northwest
Elementary school district Lincoln
Middle school district Lincoln
High school district Lincoln
Directions From West O Street, north on Capitol Beach Blvd to property.
Standard status Active
APN 10-21-416-013-000

Taxes and HOA fees

Tax Year 2025
Tax Description WOODS BROS LAKEVIEW ACRES, BLOCK 1, Lot 1
Tax Annual Amount 11600
Legal Description WOODS BROS LAKEVIEW ACRES, BLOCK 1, Lot 1

Utilities

Heating system Forced Air

Amenities

on-site laundry
storage units

Building Details

Year built 1974
Number of units 13
Listing Agency: Nebraska Realty
Listed By: Tim Woosley
Added: May 4 Changed: Sep 5 Last Checked: Sep 8 at 8:06AM
MLS# 22615773

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.

Investment Insights

Based on property information with market context.

This 13-unit apartment property in Lincoln includes six one-bedroom units, six two-bedroom units, and one efficiency. Three units are currently vacant, while the majority of the remaining leases are month-to-month. Six residences offer zero-step entry, and the property also includes on-site laundry, storage units, 22 off-street parking spaces, and slab-on-grade construction.

All apartments use electric service, with tenants responsible for their own electric bills. Ownership pays water, sewer, and trash. A landlord-managed Allo Internet program provides an additional income stream. The property is located near Capitol Beach and downtown Lincoln, with access from Capitol Beach Boulevard.

Key Highlights

  • 13‑unit property with six 1‑bedroom, six 2‑bedroom, and one efficiency unit
  • Three vacant units available for lease‑up
  • 22 off‑street parking spaces

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Dental Office Hair Salon Plumbing Service Spa & Massage Center Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

257
Businesses Nearby

Demographics for 68528, NE

6,929
Population
2,899
Households
2.4
Avg Household Size
31
Median Age
44%
College-Educated
97%
High-School Grad
16.5 sq mi
ZIP Area
420
Density / Sq Mi
$75,000
Median Household Income
$40,998
Median Earnings
$1,227
Median Rent
$243,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Flexible unit mix with on-site laundry, storage, and accessible zero-entry residences.
Where is this apartment building located?
The property is located at 421 Capitol Beach Boulevard Lincoln, NE.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 13‑unit property with six 1‑bedroom, six 2‑bedroom, and one efficiency unit; Three vacant units available for lease‑up; 22 off‑street parking spaces
More about this property
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