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Six-Unit Stone Apartment Building
New
For Sale
$750,000

838 S 47 Street, Lincoln, NE 68510

MULTIFAMILY, Lincoln, NE

Property SizeContact for details
Days on Market3

Property Features for 838 S 47 Street

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking 4
Parking features Off Street
Subdivision East Central Lincoln
Elementary school Randolph
Middle school Lefler
High school Lincoln East
Elementary school district Lincoln
Middle school district Lincoln
High school district Lincoln
Directions Consult GPS
Standard status Active
APN 17-29-300-003-000

Taxes and HOA fees

Tax Year 2026
Tax Description S29, T10, R7, 6th Principal Meridian, LOT 158 SW
Tax Annual Amount 8691
Legal Description S29, T10, R7, 6th Principal Meridian, LOT 158 SW

Utilities

Heating system Forced Air

Amenities

back patio
unfinished basement

Building Details

Year built 1950
Number of units 6
Listing Agency: BancWise Realty
Listed By: Ashley Hustad
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 11 at 4:06PM
MLS# 22626048

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 South Lincoln apartment property comprises three matching stone duplex buildings containing six fully rented residences. Each unit includes two bedrooms, one bathroom, a private back patio, separate utility service, and an unfinished basement that can support storage, hobbies, or a work area. The property was built in 1950 and uses forced-air heating.

Off-street parking is provided, and the six-unit configuration supports continued multifamily rental operations. The property is located at 838 S 47 Street in Lincoln, Nebraska 68510.

Key Highlights

  • Three stone duplex buildings contain 6 fully rented units
  • Each residence offers 2 bedrooms and 1 bathroom
  • Every unit includes a back patio and separate utilities

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Bakery (Bike/Boat/Book/etc) Store Plumbing Service Food Market

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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

810
Businesses Nearby

Demographics for 68510, NE

20,669
Population
9,871
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,493
Density / Sq Mi
$64,183
Median Household Income
$41,632
Median Earnings
$857
Median Rent
$221,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - South Lincoln rental property with six occupied residences, private outdoor areas, and individual unfinished basements.
Where is this apartment building located?
The property is located at 838 S 47 Street Lincoln, NE.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three stone duplex buildings contain 6 fully rented units; Each residence offers 2 bedrooms and 1 bathroom; Every unit includes a back patio and separate utilities
More about this property
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