2312 Washington Street, Lincoln, NE 68502
- Added:
- Jun 26, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 3 at 12:06 pm
Property Features for 2312 Washington Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Laundry Room, Bathroom 2
- Patio and Porch features
- Porch, Deck
- Exterior features
- Deck/Balcony, Porch
- Standard status
- Active
- APN
- 10-36-203-004-000
- Size
- 2,437 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PLEASANT HILL SUBDIVISION, BLOCK 1, Lot 6, E43' & W5' LOT 7
- Tax Annual Amount
- 2292
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1918
- Floors in Building
- 3
- Architectural style
- Other
Listing agent Leah Millspaugh (402) 610-5427
Listing office Nebraska Realty 7321 Plaza Ct, Lincoln, NE (402) 413-8000
Listing date Jun 26, 2026
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Triplex in South Lincoln with 2 two‑bedroom units and 1 one‑bedroom unit
- All units are currently leased; 24‑hour notice required for showings
- 2 garage stalls included with the property
- Forced‑air heating and central air conditioning
- Deck and porch features
- Built in 1918
Overview
Located in South Lincoln at 2312 Washington Street, the property sits on a 0.16-acre lot. Per the listing remarks, all showings require 24 hours’ notice.
For investors or owner-occupants seeking a multi-unit residential income property, the current lease-up status may appeal because all units are already occupied. The unit mix—two-bedroom homes alongside a one-bedroom—can support broader tenant fit within the same triplex structure, while the included garage stalls add practical day-to-day value for renters.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.6k | $15.00 |
| − Vacancy | −$2.0k | −$0.83 |
| EGI | $34.5k | $14.17 |
| − OpEx | −$10.4k | −$4.25 |
| NOI | $24.2k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.687587
- Latitude
- 40.798239
