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12-Unit Apartment Building
For Sale
$1,200,000

1615 Garfield Street, Lincoln, NE 68502

Twelve two-bedroom apartments include off-street parking and shared laundry facilities on the upper floors.

Property SizeContact for details
Lot Size0.31 Acres
Days on Market8

Property Features for 1615 Garfield Street

General Information

Standard status Active
Total Parking Spaces 12
Lot size 0.31 Acres
Property subtype Multi-Family

Site & Location

Neighborhood West a
Public Transit Yes

Units

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

Amenities

laundry facilities

Building Details

Year Built 1980
Listing Agency: Synergy Real Estate & Dev Corp
Listed By: Heidi Cline
Source: Tenaciousrealty
Added: Oct 30 Changed: Nov 4 Last Checked: Nov 4 at 1:32PM

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 Synergy Real Estate & Dev Corp

Rey
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Investment Insights

Based on property information with market context.

This 12-unit apartment building, constructed in 1980, contains twelve 2-bedroom, 1-bathroom units. The exterior combines brick and vinyl siding, and the roof has been replaced in recent years. Laundry facilities are located on the second and third floors; they are not currently in use. The property sits on an approximately 0.31-acre corner lot and includes 12 off-street parking spaces, with additional public street parking available.

Bus stops, convenience stores, grocery stores, pharmacies, and a hospital are nearby, providing access to everyday services and shopping.

Key Highlights

  • Twelve 2‑bedroom, 1‑bathroom units
  • 12 off‑street parking spaces, plus public street parking
  • Approximately 0.31 acres on a corner lot

Property Analytics

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Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

172
Businesses Nearby

Demographics for 68502, NE

27,238
Population
11,936
Households
2.3
Avg Household Size
36
Median Age
39%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
4,065
Density / Sq Mi
$65,825
Median Household Income
$39,168
Median Earnings
$812
Median Rent
$220,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Twelve two-bedroom apartments include off-street parking and shared laundry facilities on the upper floors.
Where is this apartment building located?
The property is located at 1615 Garfield Street Lincoln, NE.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Twelve 2‑bedroom, 1‑bathroom units; 12 off‑street parking spaces, plus public street parking; Approximately 0.31 acres on a corner lot
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