Brick Quadplex with
4210 Huntington Avenue, Lincoln, NE 68504
For Sale
New
$489,000
MULTIFAMILY, Lincoln, NE
Property Size3,430 SF
Price / SF$142.57
Days on Market1
Property Features for 4210 Huntington Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Patio and Porch features
Exterior features
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
secured entry
private entrances
upper balconies
coin-operated laundry
electric fireplaces
Building Details
Year built
Number of units
Buildings
Listing Agency:
Nebraska Realty
(402) 491-0100
Listed By:
Tra Appel
(313) 603-6227
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 22632444
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1979, this brick quadplex contains four two-bedroom, one-bathroom apartments totaling approximately 3,430 square feet. Recent interior work includes LVP flooring, refreshed kitchens and bathrooms, new doors and trim, and electric fireplaces. The building also has secured entry, separate entrances for each apartment, upper-level balconies, and coin-operated laundry. A water heater and most HVAC units have been updated. One apartment is vacant and ready for occupancy.
The property is near UNL East Campus and Nebraska Wesleyan University, with shopping, dining, and parks also identified nearby. Eight off-street parking spaces serve the building. The four apartments provide a total of eight bedrooms and four bathrooms.
The property is near UNL East Campus and Nebraska Wesleyan University, with shopping, dining, and parks also identified nearby. Eight off-street parking spaces serve the building. The four apartments provide a total of eight bedrooms and four bathrooms.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- Approx. 3,430 total sqft; 8 bedrooms and 4 bathrooms
- 8 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,034
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,680
$680.7K
Cap Rate 7%
$486,200
$486.2K
Cap Rate 9%
$378,156
$378.2K
Market Conditions
NOI Build-Up for 3,430 SF
Gross rent
$51.5K $15.00/SF
− Vacancy
−$2.8K −$0.83/SF
EGI
$48.6K $14.17/SF
− OpEx
−$14.6K −$4.25/SF
NOI
$34.0K $9.92/SF
Area
Lincoln, NE
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,680
Cap Rate 7%
$486,200
Cap Rate 9%
$378,156
Alternative Uses
Best Use
Multifamily LT 5
$486.2K
$425.4K – $567.2K
NOI $34,034 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$451.6K
$395.2K – $526.9K
NOI $31,614 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$840.9K
$735.8K – $981.0K
NOI $58,862 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
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Business Placement
Demographics for 68504, NE
17,155
Population
8,793
Households
2
Avg Household Size
31
Median Age
33%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
2,451
Density / Sq Mi
$52,159
Median Household Income
$32,787
Median Earnings
$1,014
Median Rent
$169,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four private unit entrances, controlled building entry, and coin-operated laundry are among the property’s shared features.
Where is this quadplex located?
The property is located at 4210 Huntington Avenue Lincoln, NE.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; Approx. 3,430 total sqft; 8 bedrooms and 4 bathrooms; 8 off‑street parking spaces
