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Six-Unit Stone Apartment Building
For Sale
$750,000

838 S 47 Street, Lincoln, NE 68510

Three duplexes contain rented residences with separate utilities and private patios.

Property SizeContact for details
Days on Market48

Property Features for 838 S 47 Street

General Information

Standard status Active
Property subtype Multi Family
Occupancy 100%

Site & Location

Neighborhood South 48th Street

Units

Unit Mix 6 x 2BR/1BA
Multifamily Units 6
Individually Metered Utilities unspecified utilities

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $8,691

Amenities

back patio
unfinished basement

Building Details

Year Built 1950
Buildings 3
Construction stone
Listing Agency: BancWise Realty
Listed By: Ashley Hustad
Source: Avid-realty
Added: Sep 10 Changed: Oct 26 Last Checked: Oct 26 at 2:10PM

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 BancWise Realty

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Investment Insights

Based on property information with market context.

Three stone duplexes form this six-unit apartment property in Lincoln. Built in 1950, the buildings contain six matching residences, each with two bedrooms, one bathroom, a rear patio, separate utility service and an unfinished basement. The basement space provides storage or room for other personal uses.

All six units are currently rented. The property is located at 838 S 47 Street in Lincoln, Nebraska.

Key Highlights

  • Six units across three stone duplexes
  • All six residences are rented
  • Each unit has 2 bedrooms and 1 bathroom

Property Analytics

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Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

810
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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three duplexes contain rented residences with separate utilities and private patios.
Where is this apartment building located?
The property is located at 838 S 47 Street Lincoln, NE.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Six units across three stone duplexes; All six residences are rented; Each unit has 2 bedrooms and 1 bathroom
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