W
Seller's Agent in 2025
Wyatt Simon
Realty ONE Group Sterling
(402) 378-0242
12 Total Sales
1218 E St Lincoln, NE 68508
Everett NeighborhoodEstimated Value: $893,151
--
Bed
--
Bath
8,440
Sq Ft
$106/Sq Ft
Est. Value
Highlights
- No HOA
- Cooling Available
- Wall Furnace
About This Home
As of December 2014Turnkey 12-Unit Investment Opportunity – Minutes from Downtown Lincoln! This fully occupied 12-unit building features 6 spacious 2 bed 1 bath units and 6 efficient 1 bed 1 bath units, all recently renovated and well maintained. Each unit includes its own furnace and A/C combo unit—about half of which have been recently replaced—offering independent climate control for tenants and streamlined maintenance for owners. Plenty of upside potential with room to raise rents (see pro forma). Gross Income $11.2k per month, exceeding the 1% Rule and the building is located just 5 minutes from vibrant downtown Lincoln, making it an ideal location for tenants and investors alike.
Last Agent to Sell the Property
Woods Bros Realty License #0810466 Listed on: 11/13/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,761
Year Built
- Built in 1974
Lot Details
- 7,100 Sq Ft Lot
- Lot Dimensions are 50 x 142
Parking
- 12 Parking Spaces
Home Design
- Concrete Perimeter Foundation
Schools
- Everett Elementary School
- Park Middle School
- Lincoln High School
Utilities
- Cooling Available
- Wall Furnace
Additional Features
- Basement
Listing and Financial Details
- Total Actual Rent $1,650
- Assessor Parcel Number 1026411011000
Community Details
Overview
- No Home Owners Association
- 12 Units
Building Details
- Insurance Expense $3,500
- Maintenance Expense $4,485
- Manager Expense $3,365
- Net Operating Income $33,247
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 6, 2021
Sold by
Nguyen Hien and Vu Khue D
Bought by
Dw Investments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$709,080
Outstanding Balance
$643,802
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$249,349
Purchase Details
Closed on
Jan 10, 2020
Sold by
Tam Square Realty Llc
Bought by
Nguyen Hien
Purchase Details
Closed on
Mar 10, 2015
Sold by
Nguyen Tam and Le Tam T
Bought by
Tam Square Realty Llc
Purchase Details
Closed on
Sep 16, 2004
Sold by
Fig Llc
Bought by
Wilson Michael P and Wilson Lynette S
Purchase Details
Closed on
May 15, 2002
Sold by
Zimmer John F and Zimmer James Gregory
Bought by
Fig Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
7.1%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dw Investments Llc | $750,000 | Dri Title & Escrow | |
| Nguyen Hien | $645,000 | Investors Title Ins Co Ne | |
| Tam Square Realty Llc | -- | None Available | |
| Wilson Michael P | $305,000 | -- | |
| Fig Llc | $356,714 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dw Investments Llc | $709,080 | |
| Previous Owner | Fig Llc | $568,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/23/2025 06/23/25 | For Sale | $925,000 | +194.7% | -- |
| 12/30/2014 12/30/14 | Sold | $313,900 | -3.4% | $37 / Sq Ft |
| 12/03/2014 12/03/14 | Pending | -- | -- | -- |
| 11/13/2014 11/13/14 | For Sale | $325,000 | -- | $39 / Sq Ft |
Source: Great Plains Regional MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $10,032 | $755,300 | $35,100 | $720,200 |
| 2024 | $10,032 | $719,300 | $78,000 | $641,300 |
| 2023 | $11,482 | $685,100 | $78,000 | $607,100 |
| 2022 | $12,576 | $631,000 | $78,000 | $553,000 |
| 2021 | $10,576 | $560,900 | $78,000 | $482,900 |
| 2020 | $6,011 | $314,600 | $78,000 | $236,600 |
| 2019 | $6,012 | $314,600 | $78,000 | $236,600 |
| 2018 | $6,039 | $314,600 | $78,000 | $236,600 |
| 2017 | $5,926 | $305,900 | $78,000 | $227,900 |
| 2016 | $5,956 | $305,900 | $78,000 | $227,900 |
| 2015 | $5,916 | $305,900 | $78,000 | $227,900 |
| 2014 | $6,727 | $345,900 | $35,100 | $310,800 |
| 2013 | -- | $345,900 | $35,100 | $310,800 |
Source: Public Records
Agents Affiliated with this Home
-
Wyatt Simon
-
Michael Poskochil
Seller's Agent in 2014
Michael Poskochil
Wood Bros Realty
(402) 434-3500
1 in this area
220 Total Sales
-
Andy Vu
Buyer's Agent in 2014
Andy Vu
1st Choice Realty Team
(402) 617-6527
1 in this area
39 Total Sales
Map
Source: Great Plains Regional MLS
MLS Number: L10118354
APN: 10-26-411-011-000
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