4608 Adams Street Lincoln, NE 68504
MULTI_FAMILY - Lincoln, NE
Property Features for 4608 Adams Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4
- Parking
- 4
- Patio and Porch features
- Patio
- Exterior features
- Patio
- Fencing
- Privacy
- Standard status
- Active
- APN
- 17-08-329-013-000
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- IMHOFFS ADDITION TO UNIVERSITY PLACE, BLOCK 40, LOT 8, EX S PT FOR ST
- Tax Annual Amount
- 3519
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Number of units
- 2
- Roof type
- Composition
Listing agent Wade Bartels (402) 796-6136
Listing office SimpliCity Real Estate 8420 Amber Hill Rd, Lincoln, NE (402) 261-3366
Listing date Jul 2, 2026
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.
Investment Insights
Based on property information with market context.
The property is located in Lincoln, Nebraska, at 4608 Adams Street. Public remarks note the convenience of being within a short walk to nearby schools and shopping.
Each unit is configured for functional everyday living with no stairs, supporting either an owner-occupant arrangement or renting both sides, as the property is presented for either use.
Key Highlights
- Turnkey duplex with 2 units, built in 1980
- Each unit offers 3 bedrooms and 1.5 bathrooms with 1,140 SF of single‑level living
- Completely remodeled in 2020 with modern finishes in both units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $15.00 |
| − Vacancy | −$1.9k | −$0.83 |
| EGI | $32.3k | $14.17 |
| − OpEx | −$9.7k | −$4.25 |
| NOI | $22.6k | $9.92 |
