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Remodeled Six-Unit Apartment Building
New
For Sale
$700,000

520 S 27 Street, Lincoln, NE 68510

MULTIFAMILY, Lincoln, NE

Property SizeContact for details
Days on Market6

Property Features for 520 S 27 Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 6, Bathroom 1, Basement, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 3, Bedroom 2, Bedroom 1
Parking 6
Parking features Off Street
Subdivision Elm Park
Lot features Alley
Elementary school Elliott
Middle school Lefler
High school Lincoln High
Elementary school district Lincoln
Middle school district Lincoln
High school district Lincoln
Directions Consult GPS (access parking through alley)
Standard status Active
APN 17-30-111-009-000

Taxes and HOA fees

Tax Year 2025
Tax Description ELM PARK, BLOCK 3, Lot 16, EX ST
Tax Annual Amount 3052
Legal Description ELM PARK, BLOCK 3, Lot 16, EX ST

Utilities

Heating system Forced Air

Amenities

walk-in closet
private parking

Building Details

Year built 1974
Number of units 6
Roof type Composition
Listing Agency: SimpliCity Real Estate
Listed By: Wade Bartels
Added: Sep 22 Changed: Sep 27 Last Checked: Sep 27 at 2:06PM
MLS# 22627440

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 six-unit apartment building was gutted and remodeled, with each residence measuring 728 square feet and offering one bedroom, one full bathroom, and a walk-in closet. The units share a consistent layout, receive abundant natural light, and include forced-air heating. A composition roof and mostly brick exterior are also part of the property’s physical profile.

Off-street parking is provided on a private concrete pad accessed from the alley. The property includes minimal yard area and is situated at 520 S 27 Street in Lincoln, Nebraska. Built in 1974, the building combines updated apartment interiors with a straightforward six-unit configuration.

Key Highlights

  • Six apartment units, each with 728 square feet
  • Every unit includes 1 bedroom, 1 full bath, and a walk‑in closet
  • Building was completely gutted and remodeled

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Skin Care Clinic Electrical Service Catering Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

948
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated interiors, private parking, and one-bedroom layouts support a consistent residential configuration.
Where is this apartment building located?
The property is located at 520 S 27 Street 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 apartment units, each with 728 square feet; Every unit includes 1 bedroom, 1 full bath, and a walk‑in closet; Building was completely gutted and remodeled
More about this property
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