1234 K St Lincoln, NE 68508

Building Details

Year Built

1927

Listing office Lee & Associates - Lincoln d***@lee-associates.com Show Phone

Listing date Mar 4, 2026

Source Lee-associates

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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.

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FAQs

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.