About 421 Capitol Beach Boulevard
13-unit value-add multifamily investment opportunity near Capitol Beach and downtown Lincoln. Unit mix consists of six 1-bedroom units, six 2-bedroom units, and one efficiency unit. Three vacant units provide immediate lease-up opportunity and upside potential. All units are all-electric with tenants responsible for electric service. Ownership pays water, sewer, and trash. Features include 22 off-street parking spaces, on-site laundry, storage units, slab-on-grade construction, and six zero-entry units. Majority month-to-month leases provide flexibility for repositioning rents to market levels. A landlord-managed Allo Internet program is in place and provides additional owner income. Offered at $1,295,000.
Features of 421 Capitol Beach Boulevard
| MLS® # | 22615773 |
|---|---|
| Price | $1,195,000 |
| Bedrooms | 18 |
| Bathrooms | 13.00 |
| Full Baths | 13 |
| Square Footage | 1,675 |
| Acres | 0.44 |
| Year Built | 1974 |
| Type | Residential Income |
| Sub-Type | Multi Family |
Community Information
| Address | 421 Capitol Beach Boulevard |
|---|---|
| Subdivision | Lakeview Acres |
| City | Lincoln |
| County | Lancaster |
| State | NE |
| Zip Code | 68528 |
Interior
| Interior Features | Zero Step Entry |
|---|---|
| Appliances | Range, Refrigerator |
| Heating | Natural Gas, Forced Air |
| Fireplace | No |
| Has Basement | Yes |
| Walk-Out Basement | No |
| Total Finished Square Feet | 1,675 |
Room Details
| Room | Size | Level | Description |
|---|
Exterior
| Exterior Features | Zero Step Entry |
|---|---|
| Lot Description | Over 1/4 up to 1/2 Acre, Level |
| Construction | Brick/Other |
| Foundation | Slab |
| Lot Dimensions | 19,260 SF1 |
| Lot Size Range | .25 to 1/2 Acre |
School Information
| District | Lincoln |
|---|---|
| Elementary | Lakeview |
| Middle | Park |
| High | Northwest |
Additional Information
| Date Listed | May 4th, 2026 |
|---|---|
| ListingOffice | Nebraska Realty |
| RE / Bank Owned | No |
| Directions | From West O Street, north on Capitol Beach Blvd to property. |
Financials
| Tax Amount | $11,600 |
|---|---|
| Tax Year | 2025 |
| Price Per Square Foot | $713 |