1621 G St - Apartments FOR SALE


Lincoln, NE 68508- Downtown Lincoln
$830,000 USD
402-639-6278
1621 G St, Lincoln, NE for Sale
$830,000 USD
Apartments - FOR SALE
1/3
null | 7.31% Cap Rate

1621 G St
Lincoln, NE 68508
Downtown Lincoln


HIGHLIGHTS

  • Walking Distance to State Capital
  • Secured Entry
  • Mature, Stable Neighborhood

OVERVIEW

This built-for-purpose 10-unit apartment building represents rare opportunity to acquire a stable, income-producing asset in Central Lincoln's most prestigious submarket. Located one block from Nebraska State Capitol, the property benefits from sustained demand from government workers, legislative staff, and professionals seeking quality housing within walking distance of downtown. With secured entry, interior hallways and the benefit of a private parking lot for tenants and a well maintained brick exterior. The property offers a unit mix of (4) studios and (6) 1 bed, 1 bath units. Located near the Nebraska State Capital Building, this is one of the most stable submarkets in the area providing a strong mix of residential, small multifamily living with close proximity to retail amenities and major traffic corridors.

FOR SALE DETAILS

PRICE

$830,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

10

PRICE/UNIT

$83,000

CAP RATE

7.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,100 SF

ZONING

R7

APN/PARCEL ID

10-25-302-004-000

ASK ABOUT THIS PROPERTY

Stephen SykesCascade Real Estate GroupMore Info
402-639-6278

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Stephen SykesCascade Real Estate GroupMore Info
402-639-6278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.