Renovated 12-Unit Multifamily
For Sale
Contact for pricing
2501 A St, Lincoln, NE 68502
Renovated multifamily property with 12 units at 2501 and 2505 A St.
Property Size8,160 SF
Price / SF$134.80
Days on Market137
Property Features for 2501 A St
General Information
Standard status
Active
Size
8,160 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$55,451
Additional Details
Multifamily Units
12
Building Details
Year Built
1964
Buildings
2
Units
12
Tenancy
Multi
Listing Agency:
Lee & Associates - Omaha Nebraska
Listed By:
Drew West · License #NE20250593
(402) 405-1087
Source:
Crexi
Added: Apr 23
Changed: Aug 31
Last Checked: Sep 5 at 11:58AM
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 Lee & Associates - Omaha Nebraska
Investment Insights
Based on property information with market context.
2501 and 2505 A St. represent a renovated, smaller-scale multifamily asset with 12 total units. The property is positioned for an owner-operator or hands-on investor looking for day-to-day involvement without managing a larger complex.
The asset is located at 2501 and 2505 A St. and is described as offering renters a neighborhood setting with access to downtown and South Lincoln.
With 12 units, the building size supports manageable operations while offering in-place rental income and the opportunity for performance improvements through owner management and expense discipline.
The asset is located at 2501 and 2505 A St. and is described as offering renters a neighborhood setting with access to downtown and South Lincoln.
With 12 units, the building size supports manageable operations while offering in-place rental income and the opportunity for performance improvements through owner management and expense discipline.
Key Highlights
- Renovated 2‑building multifamily at 2501 and 2505 A St.
- 12‑unit apartment property (2501 and 2505 A St.), built in 1964
- Steady occupancy reported with quick leasing turnarounds
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,210
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,504,200
$1.5M
Cap Rate 7%
$1,074,429
$1.1M
Cap Rate 9%
$835,667
$835.7K
Market Conditions
NOI Build-Up for 8,160 SF
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.
Gross rent
$143.9K $17.64/SF
− Vacancy
−$7.2K −$0.88/SF
EGI
$136.7K $16.76/SF
− OpEx
−$61.5K −$7.54/SF
NOI
$75.2K $9.22/SF
Area
Lincoln, NE
Vacancy
5.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,504,200
Cap Rate 7%
$1,074,429
Cap Rate 9%
$835,667
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$940.1K – $1.25M
NOI $75,210 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,033 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with 12 units at 2501 and 2505 A St.
Where is this apartment building located?
The property is located at 2501 A St Lincoln, NE.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Renovated 2‑building multifamily at 2501 and 2505 A St.; 12‑unit apartment property (2501 and 2505 A St.), built in 1964; Steady occupancy reported with quick leasing turnarounds
