Home Details for 621 Nicklesville NE Road

Investor’s Dream – 8-Unit Apartment Complex Discover a rare multi-family investment opportunity at 621 Nicklesville Rd. This well-maintained property features eight apartments—six spacious 3-bedroom, 1-bath units and two comfortable 2-bedroom, 1-bath units—offering strong rental appeal for families and individuals alike. Each unit is thoughtfully designed for functional living, with generous floor plans and plenty of natural light. The property is conveniently located near local shops, schools, and major roadways, ensuring steady tenant demand. With multiple income-producing units under one roof, this property is ideal for investors looking to expand their portfolio with consistent cash flow potential. Whether you’re a seasoned landlord or new to multi-family investing, 621 Nicklesville Rd is a solid choice for long-term returns. Annual totals: Annual Income: $88,200 for all 8 apartments Annual Expenses: $13,920 (trash, taxes, insurance, security lights) NOI: $74,280 Cap Rate at $1.4M list price: ~5.5% Key Features: 8 total apartments (6) 3-bedroom, 1-bath units (2) 2-bedroom, 1-bath units Prime location near the river Strong rental demand area Don’t miss your chance to secure a turnkey investment property in a growing market.

• Utilities

  • Cable Available
  • Electricity Available
  • Phone Available
  • Water Available

• Cooling Information

  • Ceiling Fan(s)
  • Central Air

• Parking

  • Parking Lot
  • Paved

• Heating Information

  • Central

• Water Features

  • Public