Up and Running
For Sale
$374,900
3502 S 51 Street, Lincoln, NE 68516
Operating 5-plex with coin-op laundry and separate meters, generating over $3,000/month in rent.
Property SizeContact for details
Days on Market15
Property Features for 3502 S 51 Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Multifamily Units
5
Amenities
coin-op laundry
Building Details
Year Built
1918
Tenancy
Multi
Listing Agency:
Red Door Realty
(402) 802-3199
Listed By:
Luke Flowerday
(402) 802-3199
Source:
Burrowstracts
Added: Jul 24
Changed: Jul 28
Last Checked: Aug 6 at 1:19PM
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 Red Door Realty
Investment Insights
Based on property information with market context.
This up and running 5-plex in Lincoln, NE is currently producing rental income and is configured with five separate units. Each apartment is on its own meter and has its own air handler. The property also includes coin-op laundry for additional on-site revenue.
Recent improvements include a new roof and garage in 2021, along with new siding completed in 2026. With separate metering and updated exterior components, the building presents as a turnkey income property for an investor or portfolio addition.
The unit-by-unit metering and HVAC setup support independent utility management across the building’s five apartments, while the coin-op laundry adds another service component within the existing operation.
Recent improvements include a new roof and garage in 2021, along with new siding completed in 2026. With separate metering and updated exterior components, the building presents as a turnkey income property for an investor or portfolio addition.
The unit-by-unit metering and HVAC setup support independent utility management across the building’s five apartments, while the coin-op laundry adds another service component within the existing operation.
Key Highlights
- Operating 5‑plex (built 1918) generating over $3,000/month in rent
- Coin‑op laundry on‑site for additional income
- Each apartment has its own meter and separate air handler
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 68516, NE
47,448
Population
19,549
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
98%
High-School Grad
18.9 sq mi
ZIP Area
2,510
Density / Sq Mi
$100,093
Median Household Income
$52,344
Median Earnings
$1,213
Median Rent
$331,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Operating 5-plex with coin-op laundry and separate meters, generating over $3,000/month in rent.
Where is this apartment building located?
The property is located at 3502 S 51 Street Lincoln, NE.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Operating 5‑plex (built 1918) generating over $3,000/month in rent; Coin‑op laundry on‑site for additional income; Each apartment has its own meter and separate air handler
