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 Market8
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
(402) 610-5427
Listed By:
Leah Millspaugh
Source:
Thatcheromaha
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 31 at 7:12PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,034
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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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
