Renovated Multifamily Asset in
1234 K St, Lincoln, NE 68508
24-unit renovated multifamily property with 100% occupancy in downtown Lincoln.
Type:Multifamily
- Added:
- Mar 4, 2026
- Days on Market:
- 83
- Last Refresh:
- Apr 5 at 9:51 pm
Property Features for 1234 K St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing agent Drew West License #20061147 (531) 721-2888
Listing office Lee & Associates | Lincoln (531) 721-2888
Listing date Mar 4, 2026
Source Lee-associates
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
HighLights
- 100% Occupancy: Provides immediate cash flow.
- Prime Downtown Location: Ensures consistent demand.
- Renovated and Stabilized Asset: Reduces immediate capital expenditure concerns.
- Future Upside Potential: Opportunity for rent growth.
- Compelling Price Per Unit: Offered at $68,750 per unit.
- Major Capital Improvement: Recent sewer line replacement.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
AT Contracting
General Contractor
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.7031
- Latitude
- 40.8095
Nearby Similar for Sale
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.
