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13-Unit Apartment Building with Laundry
For Sale
$1,295,000

421 Capitol Beach Boulevard, Lincoln, NE 68528

All-electric apartments offer on-site laundry, storage, parking, and a mix of zero-entry units.

Property Size1,675 SF
Price / SF$773.13
Days on Market28

Property Features for 421 Capitol Beach Boulevard

General Information

Standard status Active
Size 1,675 SF
Property subtype Multi-Family

Building Details

Year Built 1974
Listing Agency: Nebraska Realty
Listed By: Tim Woosley
Source: Thatcheromaha
Added: Aug 3 Changed: Aug 29 Last Checked: Aug 30 at 7:44PM

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 Nebraska Realty

Investment Insights

Based on property information with market context.

This 13-unit apartment building was constructed in 1974 and includes six one-bedroom apartments, six two-bedroom apartments, and one efficiency unit. Six units are zero-entry, while on-site laundry, storage units, slab-on-grade construction, and 22 off-street parking spaces add practical property features. Three apartments are vacant, and most occupied units are leased month to month. Tenants pay their own electric service; ownership covers water, sewer, and trash.

The property is located at 421 Capitol Beach Boulevard in Lincoln, near Capitol Beach and downtown Lincoln. A landlord-managed Allo Internet program is in place and generates additional owner income. The unit mix, vacancy, lease structure, and operating setup provide clearly defined components for evaluating the property’s current configuration.

Key Highlights

  • 13‑unit apartment building constructed in 1974
  • Unit mix includes six 1‑bedroom, six 2‑bedroom, and one efficiency unit
  • Three vacant units and mostly month‑to‑month leases

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Dental Office Hair Salon Plumbing Service Spa & Massage Center Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

257
Businesses Nearby

Demographics for 68528, NE

6,929
Population
2,899
Households
2.4
Avg Household Size
31
Median Age
44%
College-Educated
97%
High-School Grad
16.5 sq mi
ZIP Area
420
Density / Sq Mi
$75,000
Median Household Income
$40,998
Median Earnings
$1,227
Median Rent
$243,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - All-electric apartments offer on-site laundry, storage, parking, and a mix of zero-entry units.
Where is this apartment building located?
The property is located at 421 Capitol Beach Boulevard Lincoln, NE.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 13‑unit apartment building constructed in 1974; Unit mix includes six 1‑bedroom, six 2‑bedroom, and one efficiency unit; Three vacant units and mostly month‑to‑month leases
More about this property
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