$255,000
SOLD MAY 7, 2025
5 Beds
4 Baths
2,540 Sq Ft
7,500 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

9% Below List Price

Highlights

  • Main Floor Bedroom
  • Porch
  • Wood Fence
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of May 2025

This well maintained conversion triplex offers a fantastic investment opportunity with a monthly rental income of $2,475. Possibility of getting to $2600. The property features three distinct units, each with private entrances that maximize space and comfort. Each unit includes functional kitchen spaces, cozy living areas, and full bathrooms, making them highly attractive to tenants. Located in the near south neighborhood close to transit and schools, this triplex benefits from steady tenant demand. All units are occupied and have a year long leas. With minimal maintenance requirements and recent upgrades to key systems like new HVAC, Water heater, new roof with high impact shingles, foundation work with a 25 year transferable warranty, flooring, etc. This property is designed for effortless ownership and reliable cash flow. Whether you’re a seasoned investor or just starting, this triplex offers a strong return on investment with room to grow in the future.

Last Agent to Sell the Property

Matt Schulte

Launch Realty, LLC License #20210723 Listed on: 03/28/2025

Last Buyer's Agent

Tom Mullen

Excel Realty Group LLC License #20020028

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,282

Year Built

  • Built in 1905

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50' x 150.
  • Wood Fence

Parking

  • No Garage

Home Design

  • Triplex
  • Stone Foundation

Interior Spaces

  • 2-Story Property
  • Oven or Range
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Schools

  • Everett Elementary School
  • Irving Middle School
  • Lincoln High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Dawsons Addition South Lincoln Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1035225003000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,282

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Parcel Number: 1035225003000
  • Property Sub Type: Triplex
  • Year Built: 1905
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Lot Size: 50' x 150.
  • Ownership: Fee Simple
  • Subdivision Name: DAWSONS ADDITION SOUTH LINCOLN
  • Directions: South side of Sumner St
  • Above Grade Finished Sq Ft: 2000
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement: Partially Finished
  • Appliances: Range - Cooktop + Oven, Refrigerator, Washer, Dryer
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 540
  • Fireplace: No
  • Living Area: 2540
  • Main Level Bathrooms: 1
  • ResoLivingAreaSource: Assessor
  • Bedroom 1 Level: 2nd Floor
  • Room Bedroom2 Level: Basement
  • Room Bedroom3 Level: 2nd Floor
  • Room Bedroom4 Level: Main
  • Master Bedroom Master Bedroom Level: Main Floor

Exterior Features

  • Foundation Details: Stone
  • Fencing: Wood
  • Patio And Porch Features: Porch
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • High School: Lincoln High
  • Elementary School: Everett
  • Junior High Dist: Lincoln Public Schools
  • Middle Or Junior School: Irving

Lot Info

  • Property Attached Yn: Yes
  • Lot Features: Up to 1/4 Acre., City Lot, Public Sidewalk, Alley
  • Lot Size Sq Ft: 7500
  • ResoLotSizeUnits: SquareFeet

Green Features

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4282.38

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2025
Closed on
Apr 29, 2025
Sold by
Mccarty Timothy J and Mccarty Anissa L
Bought by
Amano Ikuho
Seller's Agent
Matt Schulte
Launch Realty, LLC
Buyer's Agent
Tom Mullen
Excel Realty Group LLC
List Price
$279,000
Sold Price
$255,000
Premium/Discount to List
-$24,000
-8.6%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.64%
Original Mortgage
$191,250
Outstanding Balance
$191,250
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$79,380

Purchase Details

Closed on
Feb 13, 2012
Sold by
Hofpar Jeff
Bought by
Mccarty Timothy J and Mccarty Anissa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,125
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2011
Sold by
Hofpar Paige L
Bought by
Hofpar Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,125
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2003
Sold by
Tucker Edgar T
Bought by
Hofpar Jeff and Hofpar Paige L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
5.86%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $255,000 Charter Title
Survivorship Deed $74,000 Rels
Interfamily Deed Transfer -- None Available
Joint Tenancy Deed $98,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $191,250 New Conventional
Previous Owner $55,125 New Conventional
Previous Owner $73,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 Sold $255,000 -8.6% $100 / Sq Ft
04/04/2025 04/04/25 For Sale $279,000 -- $110 / Sq Ft
03/29/2025 03/29/25 Pending -- -- --
Source: Great Plains Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,348 $239,600 $45,000 $194,600
2023 $3,786 $225,900 $45,000 $180,900
2022 $3,215 $161,300 $25,000 $136,300
2021 $3,041 $161,300 $25,000 $136,300
2020 $2,301 $120,400 $25,000 $95,400
2019 $1,850 $96,800 $25,000 $71,800
2018 $1,858 $96,800 $25,000 $71,800
2017 $1,703 $87,900 $25,000 $62,900
2016 $1,712 $87,900 $25,000 $62,900
2015 $1,700 $87,900 $25,000 $62,900
2014 -- $73,500 $25,000 $48,500
2013 -- $73,500 $25,000 $48,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22507768

Great Plains Regional MLS

APN: 10-35-225-003-000