**Turnkey 4-Plex Investment Opportunity Near Wayne State College!** This recently remodeled 4-plex located just a few blocks from Wayne State College presents an outstanding opportunity for both seasoned investors and those looking to enter the world of real estate investing. Recently vacated to allow for renovation, the property is ready for its next owner to begin leasing immediately and hand-select ideal tenants from day one. Significant recent improvements include a new roof, new Hardie plank siding, fresh exterior and interior paint, updated flooring throughout, remodeled bathrooms, and a new water heater. The bright, airy units offer an inviting living environment that tenants will appreciate. The property features two spacious 2 bedroom, 1 bathroom units and two 1-bedroom, 1 bathroom units. The 1-bedroom units offer additional upside potential, with the possibility of converting them into 2-bedroom units through the addition of egress windows. New interior doors will be installed prior to closing, or the buyer may elect to receive a credit and complete the installation themselves. Whether you're looking to expand an existing rental portfolio or purchase your first income-producing property, this updated and income-ready 4-plex is an opportunity you won't want to miss.
For sale
Price cut: $24.9K (7/22)
$375,000
1108 Douglas St, Wayne, NE 68787
6beds
4baths
--sqft
Quadruplex
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
New hardie plank sidingInviting living environmentUpdated flooring throughoutRemodeled bathroomsNew roof
- 86 days
- 163
- 3
Zillow last checked:
Listing updated:
Listed by:
MEGAN ECKERT,
Inspire Home & Land Realty
Source: Norfolk BOR,MLS#: 260334
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Individual Heat
Cooling
- Individual Air
Features
- Has basement: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: No Garage
Features
- Levels: Two
Details
- Parcel number: 0004046.00
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Materials
- Frame
- Roof: Fiberglass
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Location
- Region: Wayne
Financial & listing details
- Tax assessed value: $195,480
- Annual tax amount: $2,459
- Price range: $375K - $375K
- Date on market: 6/8/2026
- Cumulative days on market: 125 days
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
$1,761/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Price change | $375,000-6.2% |
Source: Norfolk BOR #260334 Report a problem | ||
| 6/8/2026 | Listed for sale | $399,900+149.9% |
Source: Norfolk BOR #260334 Report a problem | ||
| 5/18/2017 | Sold | $160,000+49.5% |
Source: Public Record Report a problem | ||
| 12/19/2012 | Sold | $107,000 |
Source: Public Record Report a problem | ||
| 8/8/2007 | Sold | $107,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,460 +28.7% | $195,480 +29.7% |
| 2024 | $1,912 -16.2% | $150,660 +12.3% |
| 2023 | $2,282 -10.4% | $134,180 -8.1% |
| 2022 | $2,546 -4.3% | $145,955 |
| 2021 | $2,661 +1.1% | $145,955 +4.8% |
| 2020 | $2,633 +25% | $139,260 +24.3% |
| 2018 | $2,106 +6% | $112,060 |
| 2017 | $1,986 -3.8% | $112,060 |
| 2016 | $2,065 +2.3% | -- |
| 2015 | $2,018 | $110,185 |
| 2014 | -- | $110,185 +14.5% |
| 2013 | -- | $96,265 +733.8% |
| 2012 | -- | $11,545 -88% |
| 2010 | $1,998 | $96,265 |
Find assessor info on the county website
Monthly payment
Est. payment






