6-Unit Remodeled Apartment
For Sale
$700,000
520 S 27th St, Lincoln, NE 68510
Six one-bedroom residences each include a full bath and walk-in closet, with private concrete-pad parking accessed from the alley.
Property Size4,368 SF
Price / SF$160.26
Days on Market14
Property Features for 520 S 27th St
General Information
Standard status
Active
Size
4,368 SF
Property subtype
Residential Income
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$3,052
Building Details
Buildings
1
Listing Agency:
SimpliCity Real Estate
(402) 261-3366
Listed By:
Wade J. Bartels
(402) 796-6136
Source:
Exprealty
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 5 at 7:18PM
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 SimpliCity Real Estate
Investment Insights
Based on property information with market context.
This six-unit apartment building has been remodeled, with 4,368 square feet across six matching residences. Each unit measures 728 square feet and includes one bedroom, one full bath, and a walk-in closet. Natural light enters each apartment, and the exterior is mostly brick. A private concrete parking pad is reached from the alley; the property also has a small yard.
Located at 520 S 27th St in Lincoln, Nebraska, the building offers a consistent one-bedroom layout across all six apartments.
Located at 520 S 27th St in Lincoln, Nebraska, the building offers a consistent one-bedroom layout across all six apartments.
Key Highlights
- Six apartments, each measuring 728 square feet
- 4,368 square feet of total building area
- Six matching units, each with one bedroom, one full bath, and a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,259
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,180
$805.2K
Cap Rate 7%
$575,129
$575.1K
Cap Rate 9%
$447,322
$447.3K
Market Conditions
NOI Build-Up for 4,368 SF
Gross rent
$77.1K $17.64/SF
− Vacancy
−$3.9K −$0.88/SF
EGI
$73.2K $16.76/SF
− OpEx
−$32.9K −$7.54/SF
NOI
$40.3K $9.22/SF
Area
Lincoln, NE
Vacancy
5.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,180
Cap Rate 7%
$575,129
Cap Rate 9%
$447,322
Alternative Uses
Best Use
Apartment 5plus
$575.1K
$503.2K – $671.0K
NOI $40,259 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$937.0K – $1.25M
NOI $74,959 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Explore this area
Business Placement
Demographics for 68510, NE
20,669
Population
9,871
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,493
Density / Sq Mi
$64,183
Median Household Income
$41,632
Median Earnings
$857
Median Rent
$221,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom residences each include a full bath and walk-in closet, with private concrete-pad parking accessed from the alley.
Where is this apartment building located?
The property is located at 520 S 27th St Lincoln, NE.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Six apartments, each measuring 728 square feet; 4,368 square feet of total building area; Six matching units, each with one bedroom, one full bath, and a walk‑in closet
