Renovated Triplex with Shared
For Sale
$275,000
Pending
6801 Lexington Avenue, Lincoln, NE 68505
Fully occupied three-unit property with updated interiors, individual laundry, and shared outdoor space.
Property Size2,556 SF
Days on Market68
Property Features for 6801 Lexington Avenue
General Information
Standard status
Pending
Size
2,556 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$34,548
Amenities
washer/dryer in each unit
9-foot ceilings
landscaping
shared garden
storage cellar
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Concorde Real Estate Advisors
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Aug 8
Changed: Oct 13
Last Checked: Oct 12 at 8:04PM
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 Concorde Real Estate Advisors
Investment Insights
Based on property information with market context.
This fully occupied triplex in Lincoln’s Bethany neighborhood contains three residential units with distinct layouts. The two main-floor residences each offer one bedroom and one bathroom, while the upper-level unit includes two bedrooms, one bathroom, attic storage, a walk-in pantry, and a spacious living area. Unit 1 was updated in 2023, Unit 2 has a newer bathroom and back porch completed in 2025, and Unit 3 received a comprehensive renovation in 2020.
Each residence has its own washer and dryer, 9-inch ceilings, and partially updated windows completed in 2025. Exterior features include low-maintenance landscaping and a shared garden. The unfinished cellar provides additional storage space. Built in 1900, the property is located at 6801 Lexington Avenue in Lincoln, Nebraska.
Each residence has its own washer and dryer, 9-inch ceilings, and partially updated windows completed in 2025. Exterior features include low-maintenance landscaping and a shared garden. The unfinished cellar provides additional storage space. Built in 1900, the property is located at 6801 Lexington Avenue in Lincoln, Nebraska.
Key Highlights
- Three‑unit property with full occupancy
- Unit mix includes two 1‑bedroom units and one 2‑bedroom unit
- Unit 3 renovated down to the studs in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,558
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,160
$471.2K
Cap Rate 7%
$336,543
$336.5K
Cap Rate 9%
$261,756
$261.8K
Market Conditions
NOI Build-Up for 2,556 SF
Gross rent
$45.1K $17.64/SF
− Vacancy
−$2.3K −$0.88/SF
EGI
$42.8K $16.76/SF
− OpEx
−$19.3K −$7.54/SF
NOI
$23.6K $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%
$471,160
Cap Rate 7%
$336,543
Cap Rate 9%
$261,756
Alternative Uses
Best Use
Multifamily LT 5
$362.3K
$317.0K – $422.7K
NOI $25,362 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$336.5K
$294.5K – $392.6K
NOI $23,558 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$626.6K
$548.3K – $731.1K
NOI $43,863 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 68505, NE
17,475
Population
7,961
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
94%
High-School Grad
4.3 sq mi
ZIP Area
4,064
Density / Sq Mi
$71,966
Median Household Income
$39,650
Median Earnings
$1,095
Median Rent
$216,600
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?
Triplex - Fully occupied three-unit property with updated interiors, individual laundry, and shared outdoor space.
Where is this triplex located?
The property is located at 6801 Lexington Avenue Lincoln, NE.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three‑unit property with full occupancy; Unit mix includes two 1‑bedroom units and one 2‑bedroom unit; Unit 3 renovated down to the studs in 2020
