2620 K Street is a 7-unit multifamily investment opportunity located in Lincoln, Nebraska, offering buyers a clear value-add path through interior upgrades and rent repositioning. The property is comprised entirely of two-bedroom units, a highly desirable unit type that supports strong leasing demand and long-term tenant stability.
Current ownership has prioritized high occupancy and operational consistency, with limited capital investment made into unit interiors. As a result, in-place rents remain below prevailing market levels, presenting an opportunity for a new owner to unlock additional value through renovation and improved management.
Based on recently renovated and re-leased properties in the immediate area, two-bedroom units in comparable condition are achieving meaningfully higher rents than those currently in place at the property. A buyer who executes a thoughtful renovation program should be able to materially increase cash flow and long-term asset value over time.
The property is well suited for a hands-on investor, small operator, or buyer seeking to build equity through a manageable-scale multifamily project. Its unit count and layout make it an efficient investment for those looking to reposition an asset without the complexity of larger portfolios.
Located in the heart of Lincoln, just minutes from Downtown, the Haymarket District, and the University of Nebraska. Residents benefit from convenient access to local restaurants, entertainment, everyday retail amenities, and a growing mix of residential and commercial development.
Its central location supports strong rental demand due to its proximity to downtown, employers, the university, and Lincoln’s core amenities.
POSITIONING NOTE
This is a true value-add opportunity. Buyers seeking a fully renovated, turnkey asset may find this property less suitable. For investors focused on equity creation through renovation and execution, 2620 K Street offers a compelling opportunity in a stable Lincoln submarket.