6-Unit Apartment
For Sale
$525,000
1207 E Street, Lincoln, NE 68508
Fully occupied apartment property featuring brick construction and extensive recent improvements across the building.
Property Size3,120 SF
Price / SF$168.27
Days on Market90
Property Features for 1207 E Street
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
6
Building Details
Year Built
1955
Year Renovated
2025
Construction
brick
Listing Agency:
BHHS Ambassador Real Estate
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Jul 19
Changed: Oct 16
Last Checked: Oct 16 at 9:17AM
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 BHHS Ambassador Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-unit apartment building at 1207 E Street in Lincoln, Nebraska, contains 3,120 square feet and was constructed in 1955. The property has an all-brick exterior, newer vinyl windows, screen doors, and a recently replaced roof. Five of the six residences received interior remodeling in 2025, and the property also includes an AC unit installed in 2025. A fence replacement was completed in 2026. All six units are currently rented, providing an established multifamily configuration with multiple recent capital improvements.
Key Highlights
- Six‑unit apartment building with all six units rented
- 3,120 SF property constructed in 1955
- All‑brick exterior with roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,757
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,140
$575.1K
Cap Rate 7%
$410,814
$410.8K
Cap Rate 9%
$319,522
$319.5K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$55.0K $17.64/SF
− Vacancy
−$2.8K −$0.88/SF
EGI
$52.3K $16.76/SF
− OpEx
−$23.5K −$7.54/SF
NOI
$28.8K $9.22/SF
Area
Lincoln, NE
Vacancy
5.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,140
Cap Rate 7%
$410,814
Cap Rate 9%
$319,522
Alternative Uses
Best Use
Apartment 5plus
$410.8K
$359.5K – $479.3K
NOI $28,757 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$764.9K
$669.3K – $892.4K
NOI $53,542 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,676
Businesses Nearby
Explore this area
Business Placement
Demographics for 68508, NE
17,249
Population
7,076
Households
2.4
Avg Household Size
24
Median Age
35%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
5,750
Density / Sq Mi
$33,561
Median Household Income
$10,349
Median Earnings
$760
Median Rent
$121,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property featuring brick construction and extensive recent improvements across the building.
Where is this apartment building located?
The property is located at 1207 E Street Lincoln, NE.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Six‑unit apartment building with all six units rented; 3,120 SF property constructed in 1955; All‑brick exterior with roof installed in 2023
