Turnkey Duplex with Off-Street
4608 Adams Street Lincoln, NE 68504
New
4608 Adams Street, Lincoln, NE, 68504
$375,000
For Sale
$375,000
MULTI_FAMILY - Lincoln, NE
Property Size2,280 SF
Price / SF$164.47
Days on Market1
Property Features for 4608 Adams Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- 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 Agency
SimpliCity Real Estate
(402) 261-3366
8420 Amber Hill Rd, Lincoln, NE
Listed by
Wade Bartels
(402) 796-6136
Added: Jul 16 Checked: Jul 16 at 4:06 pm
MLS# 22620229
Listing URL
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.
This turnkey duplex offers two separate, move-in-ready units that were completely remodeled in 2020. Each side provides single-level living with three bedrooms and 1.5 bathrooms, designed for straightforward everyday use without stairs.
The property includes off-street parking for each unit accessed via the back alley. Located in a convenient Lincoln setting, it’s within walking distance to nearby schools and shopping.
Both units are delivered with modern finishes and low-maintenance exterior considerations, making the layout well-suited for either renting both sides or living in one unit while renting the other.
The property includes off-street parking for each unit accessed via the back alley. Located in a convenient Lincoln setting, it’s within walking distance to nearby schools and shopping.
Both units are delivered with modern finishes and low-maintenance exterior considerations, making the layout well-suited for either renting both sides or living in one unit while renting the other.
Key Highlights
- Turnkey duplex with 2 units, each featuring 3 bedrooms and 1.5 bathrooms.
- Single‑level living for each unit with 1,140 SF per side and no stairs.
- Completely remodeled in 2020 with modern finishes throughout 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 |
2,280 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.2K
$282.8K – $377.1K
NOI $22,623 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$300.2K
$262.7K – $350.3K
NOI $21,015 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$559.0K
$489.1K – $652.1K
NOI $39,127 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Remodeled 2020 duplex with two move-in-ready units, each featuring three bedrooms and 1.5 bathrooms.
Where is this duplex located?
The property is located at 4608 Adams Street Lincoln, NE.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Turnkey duplex with 2 units, each featuring 3 bedrooms and 1.5 bathrooms.; Single‑level living for each unit with 1,140 SF per side and no stairs.; Completely remodeled in 2020 with modern finishes throughout both units.
