1108 Douglas St., Wayne, NE 68787

Listing Agency: inspire home & land realty

Listed By: Megan Eckert · License NE #20110204 Show Phone

Source: Crexi

Added: Jun 9 Changed: Oct 26 Last Checked: Nov 12 at 8:32AM

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Investment Insights

Based on property information with market context.

This recently remodeled 4-plex is configured with two spacious 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. The property was recently vacated to allow for renovation and is positioned for the next owner to begin leasing immediately. Recent improvements include a new roof, new Hardie plank siding, fresh interior and exterior paint, updated flooring throughout, remodeled bathrooms, and a new water heater. New interior doors will be installed prior to closing, or the buyer may elect to receive a credit to complete the installation themselves.

The property is located at 1108 Douglas St., Wayne, NE, just a few blocks from Wayne State College. This proximity can support steady tenant demand from the college community, while the unit mix offers flexibility for a range of renters.

The current layout provides straightforward leasing with two larger units and two smaller units, while the 1-bedroom units include a noted possibility of being converted into 2-bedroom units through the addition of egress windows. For investors or first-time buyers seeking an income-producing residential property with substantial renovation already completed, this 4-plex offers a practical, ready-to-lease foundation with clear unit configurations and documented updates.

Key Highlights

• Recently remodeled 4‑plex located a few blocks from Wayne State College.
• Unit mix includes two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units.
• Recent improvements: new roof, new Hardie plank siding, fresh interior and exterior paint, and updated flooring throughout.

Property Analytics

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Open Analytics

Lease Details

4

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

212

Businesses Nearby

Explore this area Business Placement

Demographics for 68787, NE

6,862

Population

2,668

Households

2.6

Avg Household Size

28

Median Age

33%

College-Educated

94%

High-School Grad

143.4 sq mi

ZIP Area

48

Density / Sq Mi

$59,184

Median Household Income

$18,536

Median Earnings

$705

Median Rent

$206,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Turnkey 4-plex with recently remodeled units, featuring two 2-bedroom and two 1-bedroom layouts near Wayne State College.

Where is this quadplex located?

The property is located at 1108 Douglas St. Wayne, NE.

What is the asking price?

The asking price for this property is $339,900.

What are key features of this property?

This property features: Recently remodeled 4‑plex located a few blocks from Wayne State College.; Unit mix includes two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units.; Recent improvements: new roof, new Hardie plank siding, fresh interior and exterior paint, and updated flooring throughout.