Remodeled 4-Plex Income
For Sale
Contact for pricing
1108 Douglas St., Wayne, NE 68787
Turnkey 4-plex with recently remodeled units, featuring two 2-bedroom and two 1-bedroom layouts near Wayne State College.
Property SizeContact for details
Days on Market65
Property Features for 1108 Douglas St.
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Business Included
Yes
Multifamily Units
4
Listing Agency:
inspire home & land realty
Listed By:
Megan Eckert · License #Nebraska 20110204
Source:
Crexi
Added: Jun 9
Changed: Aug 11
Last Checked: Aug 11 at 7:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of inspire home & land realty
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.
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
Property Profile
Current Use
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
Questions? Ask Rey
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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 $375,000.
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.
