Capitol City Villas 2 Properties Offered at $6,200,000 in Lincoln, NE

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. 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.