- For Sale $2,200,000
- Property Type Multi-Family
- Property Size 14,252 SF
- Units 17
- Lot Size 1.11 Acre
- Year Built 1950
- Date Updated Apr 23, 2026
Description
Situated in southeast Lincoln, 1940 S. Cotner Blvd benefits from a central infill location within the South 48th Street area of the city. The property is positioned in the 68506 zip code near established residential neighborhoods, neighborhood retail, dining, and everyday services, offering residents a convenient balance of accessibility and neighborhood character. Its location supports consistent renter appeal through easy connectivity to major local corridors and proximity to the amenities that drive day-to-day convenience.1940 S Cotner Blvd. presents investors with the opportunity to acquire a well-located, neighborhood-scale apartment and townhome portfolio located in the established 48th Street corridor. With steady leasing velocity and high lease renewal rates, 1940 S Cotner has attractive, straightforward operations in a stable Southeast Lincoln location.
The property provides investors with in-place cash flow while also offering a clear path to future upside through rental growth and operating efficiencies. With 17 units, the asset presents a manageable value-add opportunity for a hands-on owner seeking to enhance revenue and optimize expenses over time. In particular, self-management could provide a meaningful opportunity.
This property appeals to tenants due to its ample green space, off-street parking, and functional housing in a quiet residential setting. 1940 S Cotner also attracts a broad tenant base due to its unit mix, creating durable tenant appeal and livability for small families, as well as individuals looking for a one-bedroom in a great location.
Highlights
- 94% occupancy
- Eight 2 bedroom/1 bathroom units
- Five 1 bedroom/1 bathroom units
- Four 3 bedroom/1 bathroom units
- Four-building, 17-unit Multifamily investment opportunity
- Original hardwood floors, updated bathroom and kitchen appliances, onsite laundry, large off-street parking area
- Positioned in the 48th Street corridor, near Bryan Medical Center East Campus
- Potential for value-add through lease roll and optimization of operations
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Contacts
Drew West
Lee & Associates - Nebraska
Location
Located at 1940 S Cotner Blvd, Lincoln, NE 68506, this property is part of the South 48th Street neighborhood and Omaha market.
Contact Listing Broker
Drew West
Lee & Associates - Nebraska