Renovated 4-Unit
For Sale
$529,000
4220 Huntington Ave, Lincoln, NE 68504
Updated interiors, private balconies, parking, and a dedicated laundry room support the property’s residential rental operation.
Property Size3,430 SF
Price / SF$154.23
Days on Market53
Property Features for 4220 Huntington Ave
General Information
Standard status
Active
Size
3,430 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
private balconies
dedicated laundry room
off-street parking
Building Details
Year Built
1976
Listing Agency:
Nebraska Realty
Listed By:
Leah Millspaugh
(402) 610-5427
Source:
Thatcheromaha
Added: Aug 25
Changed: Oct 13
Last Checked: Oct 7 at 4:04PM
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
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Investment Insights
Based on property information with market context.
Built in 1976, this 3,430-square-foot quadplex contains four residential units with renovated kitchens, updated bathrooms, upgraded flooring, electric fireplaces, and contemporary interior finishes. The upper-level residences add private balconies, while off-street parking and a dedicated laundry room provide additional convenience for occupants. The laundry room also creates an additional income component.
Located at 4220 Huntington Ave in Lincoln, Nebraska, the property is near Nebraska Wesleyan University and major employment centers. Its four-unit configuration and completed interior improvements provide a clearly defined residential income property with on-site amenities already in place.
Located at 4220 Huntington Ave in Lincoln, Nebraska, the property is near Nebraska Wesleyan University and major employment centers. Its four-unit configuration and completed interior improvements provide a clearly defined residential income property with on-site amenities already in place.
Key Highlights
- Four‑unit quadplex totaling 3,430 SF
- Built in 1976
- Renovated kitchens, updated bathrooms, upgraded flooring, and electric fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,034
Cap Rate
6.43%
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 6.43%
Second Best
Apartment 5plus
$451.6K
$395.2K – $526.9K
NOI $31,614 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$840.9K
$735.8K – $981.0K
NOI $58,862 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
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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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?
Quadplex - Updated interiors, private balconies, parking, and a dedicated laundry room support the property’s residential rental operation.
Where is this quadplex located?
The property is located at 4220 Huntington Ave Lincoln, NE.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,430 SF; Built in 1976; Renovated kitchens, updated bathrooms, upgraded flooring, and electric fireplaces
