Highlights
The Near South neighborhood of Lincoln provides a suburban atmosphere with numerous single-family homes and small multifamily properties, all within a short drive of downtown.
Description
This purpose-built, eight-unit low-rise apartment building consists entirely of 2-bedroom, 1-bath units and offers private parking with a one-to-one ratio. There is significant value-add potential through light unit renovations and by activating the currently unused laundry room.
Listing Details
- Cap Rate
7.49%
- Space Type
multifamily
- Sub Category
apartments-building
- Date Listed
10/23/2025
- Broker/Agent Co-op
Yes
- Investment Type
Value Add
- Net Operating Income
$53,597
- Parking Info
1 per unit
- Net Rentable
5,968 SF
Property Specifics
- Property Name
Garfield Street 8 Unit Apartment
- Property Class
C
- No of Buildings
1
- No of Stories
2
- No of Units
8
- Year Built
1984
- Building Size
6,680 SF
- Lot Size
0.22 AC
- APN
10-36-108-017-000
- Zoning
R6
- Occupancy
100%