Skip main navigation
For sale
  • Price cut: $20K (6/12)
    $410,000

    422 Lincoln St, Wayne, NE 68787

    --beds
    5baths
    4,170sqft
    : 
    Apartment
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $98/sqft
    $-- HOA

    What's special

    Coin-operated laundry roomIn-unit washer and dryer
    Excellent investment opportunity in a centrally located neighborhood! This well-maintained apartment building features five spacious 2-bedroom, 1-bath units, offering consistent rental income and strong tenant appeal. Total gross rental income comes to $32,000 annually, and tenants pay their own utilities (owner pays only for garbage service). One unit includes in-unit washer & dryer, while four other units can use the newly built coin-operated laundry room located in the basement for supplemental income. This property also includes a 4-car garage, with 2 bays currently rented at $600/year for extra income. This income-producing property is ideal for investors seeking low-maintenance cash flow with upside potential. With separately metered utilities and additional income streams, this property is a smart buy.
    62 days
    on Zillow
    |
    237
    |
    5
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 12, 2025 at 08:09am

    Listed by:

    Neil Carnes,

    NEBRASKA REALTY

    Source: Columbus BOR NE,MLS#: 20250248
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 422 Lincoln St.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 5
    Appliances
    • Included: Refrigerator, Cooktop
    • Laundry: Inside
    Features
    • Formal Living Area, Living/Dining Combo
    • Flooring: Carpet
    • Windows: Drapes
    • Has basement: Yes
    Interior area
    • Total structure area: 4,170
    • Total interior livable area: 4,170 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Four, Detached
    • Garage spaces: 4
    Features
    • Levels: Multi/Split,Two
    • Stories: 2
    • Entry location: Unit 1 Location(M),Unit 2 Location(M),Unit 3 Location(U),Unit 4 Location(U),Unit 5 Location(U)
    Lot
    • Size: 0.34 Acres
    • Dimensions: 100x150
    Details
    • Parcel number: 0004124.00

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Frame
    • Roof: Asphalt

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Seperate

    Community & HOA

    HOA
    • Deposit fee: $2,093
    Location
    • Region: Wayne

    Financial & listing details

    • Price per square foot: $98/sqft
    • Tax assessed value: $245,385
    • Annual tax amount: $3,124
    • Price range: $410K - $410K
    • Date on market: 5/23/2025
    • Total actual rent: 31200
    • Tenant pays: Electricity, Water
    • Income includes: Rent Only
    • Loading
    • Loading