2430 Q ST, Lincoln, NE 68503
Twelve-unit R-6 apartment building with an even mix of one- and two-bedroom units near central Lincoln.
- Added:
- Jun 5, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 20 at 2:11 am
Property Features for 2430 Q ST
General Information
- Standard status
- Active
- Size
- 7,056 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing agent Ben Bleicher License #NE 20140372
Listing office Berkshire Hathaway HomeServices Ambassador Real Estate Lincoln
Listing date Jun 5, 2026
Source Crexi
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 Berkshire Hathaway HomeServices Ambassador Real Estate Lincoln
HighLights
- 12‑unit apartment building built in 1972
- R‑6 zoning
- Unit mix includes six 2‑bedroom units and six 1‑bedroom units
- Close to downtown Lincoln
- Near the University of Nebraska
- Near ample public transportation
Overview
The building is described as near downtown Lincoln, the University of Nebraska, and ample public transportation. That combination can be convenient for tenants who value walkable access to daily amenities and reliable transit options.
For investors or buyers looking for a stable residential income asset, the balanced one-bedroom and two-bedroom mix can broaden leasing appeal across different household sizes. The R-6 zoning also provides a clear framework for maintaining multifamily residential operations as permitted under the stated zoning designation. Interested parties should review the current unit configuration and rent roll details during their due diligence process to confirm operating specifics and verify assumptions.
Local Financial Insights For Apartment 5plus
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 | $124.5k | $17.64 |
| − Vacancy | −$6.2k | −$0.88 |
| EGI | $118.2k | $16.76 |
| − OpEx | −$53.2k | −$7.54 |
| NOI | $65.0k | $9.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.7549593
- Latitude
- 40.8158668
