Remodeled Duplex with Off-Street
4608 Adams Street Lincoln, NE 68504
New
4608 Adams Street, Lincoln, NE, 68504
$360,000
For Sale
$360,000
MULTI_FAMILY - Lincoln, NE
Property Size2,280 SF
Price / SF$157.89
Days on Market2
Property Features for 4608 Adams Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 4
- Parking
- 4
- Parking features
- Off Street
- 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
Listed by
Wade Bartels
(402) 796-6136
Added: Jul 22 Checked: Jul 23 at 3:06AM
MLS# 22620827
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 move-in-ready residences, each featuring three bedrooms and 1.5 bathrooms within single-level living. The property was completely remodeled in 2020 and presents modern finishes throughout both units. Off-street parking is available for each unit through the back alley, supporting convenient day-to-day access.
Located in Lincoln, Nebraska, the home is described as being within a short walk to nearby schools and shopping, which can simplify routines for residents.
Each side is configured as a functional, no-stairs layout, making the overall setup straightforward for either an owner-occupant arrangement or renting both units.
Located in Lincoln, Nebraska, the home is described as being within a short walk to nearby schools and shopping, which can simplify routines for residents.
Each side is configured as a functional, no-stairs layout, making the overall setup straightforward for either an owner-occupant arrangement or renting both units.
Key Highlights
- Turnkey duplex with two single‑level units, each offering 3 bedrooms and 1.5 bathrooms
- Each unit includes 1,140 sq ft of living space (no stairs)
- Completely remodeled in 2020 with modern finishes throughout and move‑in‑ready condition
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 6.28%
Second Best
Apartment 5plus
$300.2K
$262.7K – $350.3K
NOI $21,015 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$559.0K
$489.1K – $652.1K
NOI $39,127 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex remodeled in 2020, with move-in-ready units and off-street parking for each side via the back alley.
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 $360,000.
What are key features of this property?
This property features: Turnkey duplex with two single‑level units, each offering 3 bedrooms and 1.5 bathrooms; Each unit includes 1,140 sq ft of living space (no stairs); Completely remodeled in 2020 with modern finishes throughout and move‑in‑ready condition
