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
$873,500 Zestimate®
$--/sqft
$-- HOA
What's special
Streamlined maintenanceIndependent climate control
- 5 days
- on Zillow |
- 252 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: 23 hours ago
Listed by:
Wyatt Simon 402-940-8484,
Realty ONE Group Sterling
Source: GPRMLS,MLS#: 22517235

Travel times
Tour with a buyer’s agent
Tour with a buyer’s 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
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