Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    611 S 20Th St Lincoln, NE 68510

    Sponsored
    For Sale
    $850,000

    Multi-Family - Lincoln, NE

    Type:Multi Family
    Days on Market:
    2
    Last Refresh:
    Mar 1 at 6:06 am

    Property Features for 611 S 20Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    10
    Bathrooms
    10
    APN
    10-25-135-052-000
    Parking
    10

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Architectural style
    Other

    We can help!

    Listing Contact
    Jordan Bergman

    Keller Williams Lincoln (402) 328-0200

    Listing agent Jordan Bergman (402) 328-0200

    Listing date Feb 28, 2026

    MLS# 22605358 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.

    Learn more

    Property Insight Report

    Overview

    Lincoln Investment 10-Plex Opportunity

    This well-maintained 10-plex in Lincoln, Nebraska, presents an excellent investment opportunity. The property features ten individual units, each with 1 bedroom and 1 bathroom. All units are currently rented, providing immediate and consistent cash flow. The property is located at 611 S 20th Street, Lincoln, NE 68510, in Lancaster County. With strong rental demand and a desirable location, this property is a solid addition to any investment portfolio. The property is a multi-family property, specifically a residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6925938
    Latitude
    40.8074946

    Nearby Similar for Sale

    • $650,000
      49.95 Acres

      Farmland Available Near Lincoln

      49.95 acres of farmland and pasture near Lincoln, Nebraska.
      SW 140Th St, Lincoln, NE 68528
      View Details
    • $650,000

      Lincoln Multifamily Investment Opportunity

      Multifamily property with eight units in central Lincoln.
      2410 South St, Lincoln, NE 68502
      View Details
    • $325,000

      South Lincoln Duplex For Sale

      Well-maintained duplex in South Lincoln, fully rented and conveniently located.
      3900 Sweetbriar Ln, Lincoln, NE 68516
      View Details
    • $325,000

      South Lincoln Duplex For Sale

      Well-maintained duplex in South Lincoln near shopping, dining, and entertainment.
      3920 Sweetbriar Ln, Lincoln, NE 68516
      View Details
    • $215,000

      Lincoln Duplex with Two Units

      Two-unit duplex in Lincoln, Nebraska featuring one and two-bedroom units.
      3210 Y St, Lincoln, NE 68503
      View Details
    • $850,000

      Lincoln Multi-Family Investment Opportunity

      Well-maintained 10-plex in prime location with immediate cash flow.
      611 S 20Th St, Lincoln, NE 68510
      View Details
    • $399,000

      Furnished Multi-Family Home, Lincoln

      Turn-key, furnished multi-family home in Southwest Lincoln.
      7231 S 30Th Pl, Lincoln, NE 68516
      View Details
    • $312,000
      1,904 SF

      Lincoln Quadplex Near University

      Well-maintained, two-story, four-unit property near university campuses.
      2726 W St, Lincoln, NE 68503
      View Details
    • $1,145,000

      Lincoln Multifamily Investment Opportunity

      18-unit apartment building near downtown Lincoln and UNL City Campus.
      1403 E St, Lincoln, NE 68508
      View Details
    • $449,000

      Lincoln Brick Multi-Family Property

      Four-unit property with garages and on-site laundry.
      2930 N St, Lincoln, NE 68510
      View Details
    • $239,900

      Lincoln Multifamily Investment Opportunity

      Fully rented multifamily property near downtown Lincoln and Memorial Stadium.
      832 Garfield St, Lincoln, NE 68502
      View Details
    • $685,000

      Remodeled 6-Unit Multifamily Investment

      Turnkey 6-unit multifamily property with modernized units and reliable rentability.
      335 S 26Th St, Lincoln, NE 68510
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 10-unit multi-family property with consistent cash flow.
    Where is this apartment building located?
    The property is located at 611 S 20Th St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Fully occupied 10-plex providing immediate and consistent cash flow.; - Ten individual units, each with 1 bedroom and 1 bathroom.; - Prime location with strong rental demand.
    (402) 309-6928
    Request Owner's contact information
    611 S 20Th St Lincoln, NE 68510
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    611 S 20Th St
    Lincoln, NE 68510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    611 S 20Th St Lincoln, NE 68510
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jordan Bergman
    (402) 309-6928 (402) 328-0200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!