Near South Multifamily Homes & Duplexes for Sale

/6
$254,900
- 5 Beds
- 3 Baths
- 3,044 Sq Ft
2224 A St, Lincoln, NE 68502

This tri-plex conversion is located close to downtown and provides two 2bd/1ba units and one 1bd/1ba. The units are fully rented and makes for a turn-key situation for a new owner. There are separate gas and electric meters for each unit, a low-maintenance exterior along with 3 gas furnaces so each unit has their own. The basement contains 2 sets of laundry machines shared between the tenants

Andrea Schneider RE/MAX Concepts

2224 A St, Lincoln, NE 68502
Explore Near South
/28
$465,000
- 8 Beds
- 4 Baths
- 3,170 Sq Ft
1221 S 22nd St, Lincoln, NE 68502

This isn’t your average 4-unit multifamily building, built in 1994, The Carrie apartments feature (4) Two Bedroom, 1 bath units with washer and dryer hookups in each unit. Off street parking, keyless entry with master code system. Several updates throughout the units. Building is set up on an ALLO landlord plan for extra income. New roof in 2023. Primed for a house hack, move in 1 unit, rent the

Brandon Roseberry SimpliCity Real Estate

1221 S 22nd St, Lincoln, NE 68502
/18
$475,000
- 8 Beds
- 8 Baths
- 6,768 Sq Ft
2507 E St, Lincoln, NE 68510

This is a great investment opportunity. All brick exterior. Fully rented. Good location with off street parking. Close to bus stop. Well maintained.

Lynn Fisher Great Place Properties

2507 E St, Lincoln, NE 68510
/40
$255,000
- 5 Beds
- 4 Baths
2103 A St, Lincoln, NE 68502

Excellent opportunity to own a 4 unit Multi-Family property that brings in great rents, has been updated in many of the units, is located close to downtown, the zoo, and is easy for tenants to go anywhere in town! One of the units is a 2 bedroom 1 bath, and the other three units are 1 bedroom 1 bath. There is a shared laundry room in the basement, along with a storage area for the tenants to use

Theron Ahlman Avid Realty

2103 A St, Lincoln, NE 68502
/26
$140,000
- 4 Beds
- 2 Baths
- 1,515 Sq Ft
1034 S 14th St, Lincoln, NE 68508

Investor Special in Midtown Lincoln! This 2-story home is brimming with potential and priced for a full renovation. Classic front porch, tall ceilings, original woodwork, and a detached garage offer a solid starting point for a complete interior overhaul. HVAC, plumbing and electricity are functional. Foundation was redone this past year. Home needs full cosmetic rehab but layout can continue as

Jessica Cammarano RE/MAX Concepts

1034 S 14th St, Lincoln, NE 68508
/2
$299,900
1220 S 20th St, Lincoln, NE 68502

Money making tri-plex conversion is ready for it's new owners. This property has one nice 3BR apartment on the main floor and two 1BR apartments upstairs. Plenty of storage and off-street parking off the alley in the back. Tucked in nicely next to some of Lincoln's most beautiful streets in the up and coming Near South. This property has brought in approximately $2,560 per month. 2 units

Luke Flowerday Nebraska Realty

1220 S 20th St, Lincoln, NE 68502
/16
$184,000
- 5 Beds
- 2 Baths
- 2,240 Sq Ft
1736 Euclid Ave, Lincoln, NE 68502

Great investment opportunity in Lincoln! 2 unit duplex with lots of potential. Main level 2 BR/1 BA. Upper level 3 BR/1 BA. Basement for storage and mechanicals. Separate HVAC/water heaters/electric and gas meters for tenants. Owner pays water/sewer. Garage for storage. Contact us today for more information!

Zachary Zoul Century 21 Premier Home Sales

1736 Euclid Ave, Lincoln, NE 68502

Nebraska Lancaster County Lincoln Near South

Why Live in Near South

Near South in Lincoln, Nebraska, is a historic neighborhood with a strong connection to the state's government, making it a popular choice for lawyers, politicians, and government employees. The area features a mix of young professionals and families, with homes that are over 100 years old. Housing options include ready-to-renovate two-story traditional-style homes, subdivided Colonial-style homes, and rare multi-bedroom mansions. Local attractions include the Sunken Gardens, known for its themed perennial displays, and the Lincoln Children’s Zoo, which, while just outside the east edge of Near South, is considered part of the community due to its proximity and features over 400 animals. Hazel Abell Park offers a serene setting with sculptures, cast iron street lamps, and a playground. Dining options are diverse, from Muchacho’s brisket tacos to DaVinci’s pizza and sandwiches, and Billy’s Restaurant, a historic eatery near the governor’s mansion. Meadowlark Coffee & Espresso and Russ’s Neighborhood Market are local favorites. The Sandhills Global Event Center, although not specified as being in Near South, is a notable venue in Lincoln, hosting various events, including the Lancaster County Super Fair and concerts. The Nebraska State Capitol is a key landmark, offering tours and educational sessions. Students in Near South attend highly rated schools, including Irving Middle and Lincoln High School. The neighborhood is conveniently located less than a mile from the State Capitol and seven miles from Lincoln Airport. Transportation options include walking, biking, scooters, and the StarTran bus system.

Learn more about living in Near South

Home Trends in Near South, NE

On average, homes in Near South, Lincoln sell after 31 days on the market compared to the national average of 52 days. The median sale price for homes in Near South, Lincoln over the last 12 months is $206,500, down 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$206,500

Median Single Family Sale Price

$215,000

Median Townhouse Sale Price

$213,500

Median 2 Bedroom Sale Price

$110,000

Median 1 Bedroom Sale Price

$99,500

Average Price Per Sq Ft

$126

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

3.40

Median List Price

$220,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

-2%

How to Buy a Home How to Finance a Home How to Sell a Home

In Near South, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $140,000 to $475,000, there's something for every budget. As of September, 2025 the median home price in Near South, Lincoln is $220,000, while the average sale price is $207,782, providing insight into local market trends. On average, multi-family homes spend 31 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Near South, Lincoln.

Near South Types of Homes for Sale

Near South Homes for Sale

More About Living in Near South

Homes in Nearby Neighborhoods

Homes in Nearby Cities

Lincoln Homes for Sale

Homes in Nearby Counties

Lancaster County Homes for Sale

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