Four-Unit Apartment
New
For Sale
$420,000
1301 SW 10th Street, Lincoln, NE 68522
All residences have two bedrooms, full kitchens, and individual climate-control equipment.
Property Size3,600 SF
Price / SF$116.67
Days on Market1
Property Features for 1301 SW 10th Street
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
coin-operated laundry
Building Details
Year Built
1978
Listing Agency:
BHHS Ambassador Real Estate
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Oct 16
Last Checked: Oct 16 at 1:58PM
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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Investment Insights
Based on property information with market context.
Built in 1978, this 3,600-square-foot apartment property contains four residences, each with two bedrooms and one bathroom. Kitchens are equipped with a refrigerator, stove, and dishwasher. Each residence also has a newer air-conditioning unit and its own electric water heater.
Residents share a coin-operated laundry room. The property is on SW 10th Street near Rosa Parks Way, with access to Interstate routes.
Residents share a coin-operated laundry room. The property is on SW 10th Street near Rosa Parks Way, with access to Interstate routes.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,600 square feet; built in 1978
- Refrigerator, stove, and dishwasher in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,721
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,420
$714.4K
Cap Rate 7%
$510,300
$510.3K
Cap Rate 9%
$396,900
$396.9K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$54.0K $15.00/SF
− Vacancy
−$3.0K −$0.83/SF
EGI
$51.0K $14.17/SF
− OpEx
−$15.3K −$4.25/SF
NOI
$35.7K $9.92/SF
Area
Lincoln, NE
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,420
Cap Rate 7%
$510,300
Cap Rate 9%
$396,900
Alternative Uses
Best Use
Multifamily LT 5
$510.3K
$446.5K – $595.4K
NOI $35,721 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$474.0K
$414.8K – $553.0K
NOI $33,181 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$882.6K
$772.2K – $1.03M
NOI $61,779 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 68522, NE
14,496
Population
4,682
Households
3.1
Avg Household Size
33
Median Age
26%
College-Educated
87%
High-School Grad
10.6 sq mi
ZIP Area
1,368
Density / Sq Mi
$77,151
Median Household Income
$35,788
Median Earnings
$1,204
Median Rent
$225,400
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?
Quadplex - All residences have two bedrooms, full kitchens, and individual climate-control equipment.
Where is this quadplex located?
The property is located at 1301 SW 10th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,600 square feet; built in 1978; Refrigerator, stove, and dishwasher in each unit
