04/10/2026
1531 D Street | Near South Lincoln | 10 units | $899K
Gut-renovated in 2008-2009, individual HVAC per unit, gas & electric tenant-paid. Mix of 2BR and one 3BR. Coin-op laundry, secured entry, 6 parking stalls + 4 garages.
Clears the 1% rule at full market rents — $10,875/mo gross on a $899K asset. Cap rate around 8% in-place, path to 10% at market. Strong cash flow with upside still on the table.
Walking distance to UNL, Downtown, and the Capitol.
🗓 Showings:
Today (Thu) 12–2 PM
Saturday 10 AM–12 PM
Full investor marketing package available. Reach out and I'll get it to you.
Michael Olderbak | Bell Rae Realty | (402) 430-7686