Turnkey 12-Unit Investment Opportunity – Minutes from Downtown Lincoln! This fully occupied 12-unit building features 6 spacious 2 bed 1 bath units and 6 efficient 1 bed 1 bath units, all recently renovated and well maintained. Each unit includes its own furnace and A/C combo unit—about half of which have been recently replaced—offering independent climate control for tenants and streamlined maintenance for owners. Plenty of upside potential with room to raise rents (see pro forma). Gross Income $11.2k per month, exceeding the 1% Rule and the building is located just 5 minutes from vibrant downtown Lincoln, making it an ideal location for tenants and investors alike.
For sale
$925,000
1218 E St, Lincoln, NE 68508
3beds
--sqft
Est.:
Multi Family
Built in 1974
-- sqft lot
$840,200 Zestimate®
$--/sqft
$-- HOA
What's special
Streamlined maintenanceIndependent climate control
- 169 days |
- 209 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: June 27, 2025 at 11:03pm
Listed by:
Wyatt Simon 402-940-8484,
Realty ONE Group Sterling
Source: GPRMLS,MLS#: 22517235
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Forced Air
Features
- Has basement: Yes
- Has fireplace: No
Property
Parking
- Total spaces: 6
- Parking features: No Garage
- Covered spaces: 6
Features
- Fencing: Partial
Lot
- Size: 7,248.38 Square Feet
- Dimensions: 143.5 x 50.5
- Features: Up to 1/4 Acre.
Details
- Parcel number: 1026411011000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: LINCOLN ORIGINAL
HOA
- Has HOA: No
Location
- Region: Lincoln
Financial & listing details
- Annual tax amount: $10,031
- Date on market: 6/23/2025
- Ownership: Fee Simple
- Total actual rent: 1750
Estimated market value
$840,200
$798,000 - $882,000
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2025 | Listed for sale | $925,000+194.7% |
Source:  GPRMLS #22517235 Report a problem | ||
| 12/30/2014 | Sold | $313,900 |
Source: GPRMLS #L10118354 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$5,036/mo
Principal & interest
$3587
Property taxes
$1125
Home insurance
$324
Climate risks
Neighborhood: Everett
Nearby schools
GreatSchools rating
- 4/10Everett Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Park Middle SchoolGrades: 6-8Distance: 0.4 mi
- 2/10Lincoln High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Everett
- Middle: Park
- High: Lincoln High
- District: Lincoln
Source: GPRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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