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Renovated 12-Unit Apartment Building
For Sale
Contact for pricing
Pending

1218 E St, Lincoln, NE 68508

Fully occupied property with updated one- and two-bedroom units and individual climate control.

Property SizeContact for details
Days on Market143

Property Features for 1218 E St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 6 x 2BR/1BA, 6 x 1BR/1BA
Multifamily Units 12

Additional Details

Gross Income $134,400
Listing Agency: One Realty One Group Sterling
Listed By: Wyatt Simon · License #20240314
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 2:12AM

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 One Realty One Group Sterling

Investment Insights

Based on property information with market context.

This 12-unit apartment building is fully occupied and includes a balanced mix of six 2-bedroom, 1-bath units and six 1-bedroom, 1-bath units. The apartments have been recently renovated and maintained for ongoing residential use. Every unit is equipped with its own furnace and A/C combination, providing separate climate control throughout the building. About half of those systems have been replaced recently.

The property is located at 1218 E St in Lincoln, Nebraska, approximately 5 minutes from downtown Lincoln. Its unit mix, occupied status, recent improvements, and individually controlled heating and cooling create a straightforward multifamily configuration for continued ownership.

Key Highlights

  • 12‑unit apartment building with six 2‑bedroom, 1‑bath units and six 1‑bedroom, 1‑bath units
  • Fully occupied residential property
  • Recently renovated units with ongoing maintenance

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Skin Care Clinic HVAC Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Cosmetic Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,676
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied property with updated one- and two-bedroom units and individual climate control.
Where is this apartment building located?
The property is located at 1218 E St Lincoln, NE.
What are key features of this property?
This property features: 12‑unit apartment building with six 2‑bedroom, 1‑bath units and six 1‑bedroom, 1‑bath units; Fully occupied residential property; Recently renovated units with ongoing maintenance
More about this property
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