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1234 K St
Lincoln, NE 68508 Downtown Lincoln

$1,650,000 USD

Apartments For Sale  •  16,384 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,384 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1927
  • Zoning B4
50 Transit Score
70 Walk Score

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, & 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

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Heating
  • Smoke Free
  • Kitchen
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
3 min 18 min 0.9 mi
AirportDriveWalkDistance
Lincoln 11 min - 5.4 mi
Drew West 402-405-1087 Lee & Associates | Omaha
Drew West 402-405-1087 Lee & Associates | Omaha