Renovated 12-Unit Multifamily
2501 A St Lincoln, NE 68502
2501 A St, Lincoln, NE, 68502
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For Sale
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Renovated multifamily property with 12 units at 2501 and 2505 A St.
Property Size8,160 SF
Price / SF$134.80
Days on Market90
Property Features for 2501 A St
General Information
- Standard status
- Active
- Size
- 8,160 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing agency
Lee & Associates - Lincoln
(402) 690-0400
Listed by
Drew West · License #NE20250593
Source
Crexi
Added: Apr 23 Updated: Jul 21 at 2:16AM Checked: Jul 21 at 2:16AM
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 - Lincoln
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
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 | $143.9k | $17.64 |
| − Vacancy | −$7.2k | −$0.88 |
| EGI | $136.7k | $16.76 |
| − OpEx | −$61.5k | −$7.54 |
| NOI | $75.2k | $9.22 |
8,160 SF · lease $17.64/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
