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1621 G St 10 Unit Apartment Building $1,158,614 CAD ($115,861 CAD/Unit) 7.31% Cap Rate Lincoln, NE 68508
INVESTMENT HIGHLIGHTS
- Walking Distance to State Capital
- Mature, Stable Neighborhood
- Secured Entry
EXECUTIVE SUMMARY
This built-for-purpose 10-unit apartment building represents rare opportunity to acquire a stable, income-producing asset in Central Lincoln's most prestigious submarket. Located one block from Nebraska State Capitol, the property benefits from sustained demand from government workers, legislative staff, and professionals seeking quality housing within walking distance of downtown. With secured entry, interior hallways and the benefit of a private parking lot for tenants and a well maintained brick exterior. The property offers a unit mix of (4) studios and (6) 1 bed, 1 bath units.
Located near the Nebraska State Capital Building, this is one of the most stable submarkets in the area providing a strong mix of residential, small multifamily living with close proximity to retail amenities and major traffic corridors.
Located near the Nebraska State Capital Building, this is one of the most stable submarkets in the area providing a strong mix of residential, small multifamily living with close proximity to retail amenities and major traffic corridors.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,158,614 CAD | Building Class | C |
| Price Per Unit | $115,861 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 8,625 SF |
| Cap Rate | 7.31% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.35 | No. Stories | 3 |
| No. Units | 10 | Year Built | 1966 |
| Property Type | Multifamily | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R7 - High Density Multifamily Dwelling | ||
| Price | $1,158,614 CAD |
| Price Per Unit | $115,861 CAD |
| Sale Type | Investment |
| Cap Rate | 7.31% |
| Gross Rent Multiplier | 9.35 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,625 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 1.16/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R7 - High Density Multifamily Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Oven
- Range
- Carpet
- Lawn
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 10-25-302-004-000 | Total Assessment | $692,718 CAD |
| Land Assessment | $53,264 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $639,454 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
10-25-302-004-000
Land Assessment
$53,264 CAD
Improvements Assessment
$639,454 CAD
Total Assessment
$692,718 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1621 G St
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