Renovated 12-Unit Multifamily
For Sale
$1,100,000
2501 A St, Lincoln, NE 68502
Renovated multifamily property with 12 units at 2501 and 2505 A St.
Property Size8,160 SF
Days on Market167
Property Features for 2501 A St
General Information
Standard status
Active
Size
8,160 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Building Details
Building Size
8,160 SF
Year Built
1964
Listing Agency:
Lee & Associates - Omaha Nebraska
Listed By:
Drew West · License #NE20250593
(402) 405-1087
Source:
Lee-associates
Added: May 8
Changed: Oct 20
Last Checked: Oct 20 at 5:58PM
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
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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 / Yr
$75,210
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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
