www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29292306
29292307

1234 K St, Lincoln, NE 68508

DW
NE NE20250593
Lee & Associates - Lincoln
DD
NE NE 20030305
Lee & Associates - Lincoln
DG
NE 20061147
Lee & Associates - Lincoln
Listed by Lee & Associates - Lincoln
$1,650,000
137 days on market
Updated 1 day ago
Opportunity zone

1234 K STREET

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,384
Units 24
Price per SqFt $101
Buildings 1
Acreage 0.140

Multifamily | 24 Units | $68,750/unit

Marketing description

1234 K Street is a 24-unit, renovated, stabilized multifamily asset with 100% occupancy, offering immediate cashflow for the purchaser. The unit mix consists of 20 studio units and 4 one-bedroom units, with in-place rents that remain attractive to tenants while offering future upside through organic rent growth and continued expense optimization. Offered at $68,750 per unit, the pricing is compelling on a price per door basis, positioning the asset to deliver stable income today with a clear path for incremental NOI growth in the coming years.

1234 K Street is located in the heart of downtown Lincoln, placing the property within close proximity to the city's primary business, government, university, and entertainment districts. This location is a prime spot for University of Nebraska-Lincoln students, professionals working in the downtown Lincoln area, and service and hospitality workers who want to live near work. The consistent employment density and strong daytime population in the surrounding community create long-term demand for housing in the area.

Investment highlights

100% leased

24 units (20 studios, 4 one-bedrooms)

Property has demonstrated durable demand in this downtown location

The studio-heavy mix serves students, professionals, and service-sector employees seeking affordable housing near major employment and activity centers

Major Capital Item Completed: Sewer line replacement in basement

Projected 2026 NOI: ~$104,000; Ideal for private investors, 1031 exchange buyers, or out-of-state investors seeking a stabilized Midwest asset

Listing Contacts

DW
NE NE20250593
Lee & Associates - Lincoln
DD
NE NE 20030305
Lee & Associates - Lincoln
DG
NE 20061147
Lee & Associates - Lincoln
Listed by Lee & Associates - Lincoln

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Drew West
License
NE20250593
Brokerage
Lee & Associates
Brokerage Phone
(531) 721-2888
Brokerage Address
12020 Shamrock Plaza
Name
Dan Dutton
License
NE 20030305
Brokerage
Lee & Associates
Title
Co-Managing Principal
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591