Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    611 S 20th Street Lincoln, NE 68510

    View on Map
    Claim this Listing
    For Sale
    $799,000

    Multi-Family - Lincoln, NE

    Type:Multi Family
    Added:
    Apr 29, 2026
    Days on Market:
    9
    Last Refresh:
    May 7 at 11:06 am

    Property Features for 611 S 20th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Bedrooms
    10
    Bathrooms
    10
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    10
    Standard status
    Active
    APN
    10-25-135-052-000

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7222.64

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Architectural style
    Other

    We can help!

    Listing Contact
    Jordan Bergman

    Listing agent Jordan Bergman

    Listing office Keller Williams Lincoln 301 S 70 St Ste 200, Lincoln, NE

    Listing date Apr 29, 2026

    MLS# 22611519 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.

    HighLights

    • Fully occupied 10‑plex providing immediate and consistent cash flow.
    • Ten individual units, each with 1 bedroom and 1 bathroom.
    • Prime location with strong rental demand.
    • Well‑maintained property.
    • Central air conditioning.
    • Natural gas forced air heating.

    Overview

    Lincoln Multi-Family Investment Opportunity

    This well-maintained 10-plex is an excellent investment opportunity situated in a prime location. The property features ten individual units, each offering 1 bedroom and 1 bathroom. All units are currently rented, providing immediate and consistent cash flow. The property is located in Lincoln, NE 68510, Lancaster County. With strong rental demand and a desirable location, this property is a solid addition to any investment portfolio. The property is located at 611 S 20th Street. This is a fully occupied multi-family property with proven income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.6925938
    Latitude
    40.8074946

    Nearby Similar for Sale

    • $525,000

      Lincoln 4-Plex Investment Opportunity

      Fully leased, updated 4-plex near universities in Lincoln, Nebraska.
      4210 Huntington Avenue, Lincoln, NE 68504
      View Details
    • $769,900

      Lincoln Multifamily Investment Opportunity

      12-unit multifamily property near shopping, campus, and Haymarket District.
      1228 E Street, Lincoln, NE 68508
      View Details
    • $529,000

      Turnkey 4-Plex Investment Property

      Turnkey, cash-flowing 4-unit property near Nebraska Wesleyan University.
      4220 Huntington Avenue, Lincoln, NE 68504
      View Details
    • $850,000
      5,130 SF

      Downtown Flex Building with Overhead Door

      Versatile 5,130 SF flex building in Downtown Lincoln.
      1029 M St, Lincoln, NE 68508
      View Details
    • $199,950

      Cash-Flowing Duplex Investment Opportunity

      Multi-level duplex perfect for investors or owner-occupants.
      2815 N Street, Lincoln, NE 68510
      View Details
    • $725,000
      2,709 SF

      Lincoln Retail NNN Investment Opportunity

      Single-tenant NNN retail property in Lincoln, Nebraska for sale.
      2811 N 48th St, Lincoln, NE 68504
      View Details
    • $312,000
      1,904 SF

      Lincoln Fourplex Near University Campus

      Well-maintained fourplex near university campuses and downtown Lincoln.
      2726 W Street, Lincoln, NE 68503
      View Details
    • $240,000

      Lincoln Multifamily Investment Opportunity

      Four-unit multifamily property near Cornhusker Hwy and interstate.
      2516 NW 8th Street, Lincoln, NE 68521
      View Details
    • $305,000
      2,400 SF

      Functional Office Condo For Sale

      2,400 SF office condo in Lincoln's Trade Center.
      5901 S. 58th St., Suite D, Lincoln, NE, Lincoln, NE 68516
      View Details
    • $550,000

      Remodeled Home with Income Potential

      Lincoln property featuring a remodeled home, apartment, and garage/shop.
      1341 N 45th Street, Lincoln, NE 68503
      View Details
    • $675,000
      2,224 SF

      Established Tavern on Cornhusker Highway

      Turnkey tavern with real estate, business, and equipment included.
      736 West Cornhusker Highway, Lincoln, NE
      View Details
    • $735,000
      6,329 SF

      Retail Property in Northeast Lincoln

      Retail property near North 70th and Adams in Northeast Lincoln.
      3041 N 70, Lincoln, NE
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 10-plex in prime location with immediate cash flow.
    Where is this apartment building located?
    The property is located at 611 S 20th Street Lincoln, NE.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Fully occupied 10‑plex providing immediate and consistent cash flow.; Ten individual units, each with 1 bedroom and 1 bathroom.; Prime location with strong rental demand.
    (402) 309-6928
    We can help!
    Listing Contact
    Jordan Bergman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    611 S 20th Street, Lincoln, NE 68510
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!