72-Unit Garden-Style Apartment
For Sale
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1612 E D Street, North Platte, NE 69101
72-unit garden-style community with in-building washers and dryers and a balanced mix of 1- and 2-bedroom apartments.
Property Size50,400 SF
Price / SF$128.97
Days on Market65
Property Features for 1612 E D Street
General Information
Standard status
Active
Size
50,400 SF
Property subtype
Multifamily
Additional Details
Cap Rate
7.57%
Multifamily Units
72
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
Allura Gardens LLP
Listed By:
John Boettcher · License #FSBO
Source:
Crexi
Added: Jun 4
Changed: Jul 10
Last Checked: Aug 6 at 9:11AM
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 Allura Gardens LLP
Investment Insights
Based on property information with market context.
Allura Gardens is a 72-unit, garden-style apartment community consisting of six two-story buildings. The unit mix is balanced between 1- and 2-bedroom apartments. Residents have access to washers and dryers in every building, and the community also offers additional income opportunities through 48 garages, pet fees, and laundry collections. The property has undergone recent capital improvements, including new windows, doors, balconies, flooring, and kitchens.
Located in North Platte, Nebraska, the property is positioned in the regional hub for healthcare, manufacturing, logistics, and rail. The surrounding employment base includes a new $400MM beef packing plant with 900 jobs, Amazon and Walmart distribution centers, and a developing Rail Park projected at 600-900 jobs, along with rapid expansion of the Great Plains Regional Medical Center. Limited apartment supply in the sub-$1,300 rent range is described as supporting continued demand.
For investors or operators seeking multifamily income with room for revenue growth, Allura Gardens includes a phased, month-by-month rent increase for tenants under market value, along with recently lowered operating expenses. Current figures cited include an actual NOI of $38,172 on $68,276 of GI for the month ending May 31, 2026, and a listed asking price of $6,500,000. The offering also references a pro-forma stabilized NOI of $522,000 and T-12 gross income of $659,000.
Located in North Platte, Nebraska, the property is positioned in the regional hub for healthcare, manufacturing, logistics, and rail. The surrounding employment base includes a new $400MM beef packing plant with 900 jobs, Amazon and Walmart distribution centers, and a developing Rail Park projected at 600-900 jobs, along with rapid expansion of the Great Plains Regional Medical Center. Limited apartment supply in the sub-$1,300 rent range is described as supporting continued demand.
For investors or operators seeking multifamily income with room for revenue growth, Allura Gardens includes a phased, month-by-month rent increase for tenants under market value, along with recently lowered operating expenses. Current figures cited include an actual NOI of $38,172 on $68,276 of GI for the month ending May 31, 2026, and a listed asking price of $6,500,000. The offering also references a pro-forma stabilized NOI of $522,000 and T-12 gross income of $659,000.
Key Highlights
- 72‑unit garden‑style apartment community in 6 two‑story buildings (balanced 1- and 2‑bedroom mix)
- Recent capital improvements include new windows, doors, balconies, flooring, and kitchens
- In‑building washers & dryers in every building; fiber internet available
Property Analytics
Property Profile
Current Use
Lease Details
72
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
Explore this area
Business Placement
Demographics for 69101, NE
28,589
Population
13,662
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
93%
High-School Grad
586.3 sq mi
ZIP Area
49
Density / Sq Mi
$61,833
Median Household Income
$37,358
Median Earnings
$878
Median Rent
$183,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - 72-unit garden-style community with in-building washers and dryers and a balanced mix of 1- and 2-bedroom apartments.
Where is this apartment building located?
The property is located at 1612 E D Street North Platte, NE.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 72‑unit garden‑style apartment community in 6 two‑story buildings (balanced 1- and 2‑bedroom mix); Recent capital improvements include new windows, doors, balconies, flooring, and kitchens; In‑building washers & dryers in every building; fiber internet available
