Capitol City Villa
$6,200,000
2501 N Street, Lincoln, NE 68510
68,004 sqft
Building Size
1.56 acres
Lot Area
Details:
Description:
Capitol City Villa: Core Multifamily Investment in Lincoln's Dynamic Near South District Capitol City Villa represents a stabilized multifamily asset with significant value-add upside in one of Lincoln's most strategically positioned neighborhoods. The property comprises 68 units (53 one-bedroom/one-bathroom, 14 two-bedroom/one-bathroom, plus one detached rental home) totaling 45,003 rentable square feet across a 1.56-acre site. Built in 1963, the property has undergone selective modernization with 72 units in active renovation cycles, positioning the asset to capitalize on Lincoln's sustained demand for updated multifamily housing. The combination of core location, strong demographic support, and planned capital improvements creates compelling opportunities for investors seeking rent growth and portfolio stability in a regional Nebraska market experiencing limited new supply.
The subject property benefits from proximity to the University of Nebraska-Lincoln campus, the Nebraska State Capitol complex, and robust employment centers, capturing demand from university staff, state employees, and service workers. With 97% occupancy and rents below recent Lincoln market comparable sales, the property presents clear rent-growth trajectory aligned with market fundamentals.
Built in 1963, the property has undergone selective modernization with 32 units in active renovation cycles, positioning the asset to capitalize on Lincoln's sustained demand for updated multifamily housing. The combination of core location, strong demographic support, and planned capital improvements creates compelling opportunities for investors seeking rent growth and portfolio stability in a regional Nebraska market experiencing limited new supply.
Location
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