Renovated Multifamily Asset in
For Sale
$1,650,000
1234 K St, Lincoln, NE 68508
24-unit renovated multifamily property with 100% occupancy in downtown Lincoln.
Days on Market149
Property Features for 1234 K St
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1927
Listing Agency:
Lee & Associates | Lincoln
(402) 405-1087
Listed By:
Drew West · License #20061147
(402) 405-1087
Source:
Lee-associates
Added: Mar 4
Changed: Jul 6
Last Checked: Jul 30 at 5:20AM
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 Lee & Associates | Lincoln
Investment Insights
Based on property information with market context.
This is a 24-unit, renovated, stabilized multifamily asset with 100% occupancy. The unit mix consists of 20 studio units and 4 one-bedroom units. The property is located in the heart of downtown Lincoln, placing it within close proximity to the city's primary business, government, university, and entertainment districts. This location is a prime spot for University of Nebraska-Lincoln students, professionals working in the downtown Lincoln area, and service and hospitality workers who want to live near work. The consistent employment density and strong daytime population in the surrounding community create long-term demand for housing in the area. The property has demonstrated durable demand in this downtown location. The studio-heavy mix serves students, professionals, and service-sector employees seeking affordable housing near major employment and activity centers. A major capital item completed was sewer line replacement in the basement. The projected 2026 NOI is approximately $104,000. It is ideal for private investors, 1031 exchange buyers, or out-of-state investors seeking a stabilized Midwest asset.
Key Highlights
- 100% Occupancy: Provides immediate cash flow.
- Prime Downtown Location: Ensures consistent demand.
- Renovated and Stabilized Asset: Reduces immediate capital expenditure concerns.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,335
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 24-unit renovated multifamily property with 100% occupancy in downtown Lincoln.
Where is this apartment building located?
The property is located at 1234 K St Lincoln, NE.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate cash flow.; Prime Downtown Location: Ensures consistent demand.; Renovated and Stabilized Asset: Reduces immediate capital expenditure concerns.
