$685,000

Estimated payment $4,145/month

Total Views 231
6 Beds
4 Baths
3,234 Sq Ft
$212 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Living Room

About This Home

Excellent investment opportunity in Lincoln, NE! This fully remodeled six-unit multifamily building consists of (2) two-bedroom, one-bath units and (4) one-bedroom, one-bath units. Each unit includes a refrigerator, dishwasher, and oven, with shared laundry facilities located in the building. Tenants pay electric and gas, while the owner covers water and bills back a $65 monthly utility fee plus a $10 CAM fee, creating consistent additional income. Major capital improvements have already been completed, including new HVAC and AC units, reducing future maintenance costs and improving efficiency. With off-street parking, updated interiors, and strong rental demand, this turnkey property offers reliable cash flow and long-term value for any investor’s portfolio.

Listing Agent

Wyatt Simon

Realty ONE Group Sterling License #20240314 Listed on: 08/25/2025

Realty ONE Group Sterling

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,043

Year Built

  • Built in 1973

Lot Details

  • 7,250 Sq Ft Lot
  • Lot Dimensions are 145 x 50

Home Design

  • Block Foundation

Interior Spaces

  • 3,234 Sq Ft Home
  • Living Room
  • Basement

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Parking Spaces
  • No Garage

Schools

  • Elliott Elementary School
  • Lefler Middle School
  • Lincoln High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1025207007000

Community Details

Overview

  • No Home Owners Association
  • 3,234 Sq Ft Building
  • Central Lincoln Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,043

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Parcel Number: 1025207007000
  • Property Sub Type: Multi Family
  • Year Built: 1973
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1664
  • Lot Size: 145 x 50
  • Ownership: Fee Simple
  • Subdivision Name: Central Lincoln
  • Directions: GPS
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • BK9_LFD_TYPE1ROOMS_70: Living Room, Kitchen
  • BK9_LFD_TYPE2ROOMS_77: Living Room, Kitchen
  • BK9_LFD_TYPE3ROOMS_84: Living Room, Kitchen
  • BK9_LFD_TYPE4ROOMS_91: Living Room, Kitchen
  • BK9_LFD_TYPE1COOLING_75: Central Air
  • BK9_LFD_TYPE2COOLING_82: Central Air
  • BK9_LFD_TYPE3COOLING_89: Central Air
  • BK9_LFD_TYPE4COOLING_96: Central Air
  • BK9_LFD_TYPE1HEATFUEL_74: Gas
  • BK9_LFD_TYPE1HEATTYPE_73: Forced Air
  • BK9_LFD_TYPE2HEATFUEL_81: Gas
  • BK9_LFD_TYPE2HEATTYPE_80: Forced Air
  • BK9_LFD_TYPE3HEATFUEL_88: Gas
  • BK9_LFD_TYPE3HEATTYPE_87: Forced Air
  • BK9_LFD_TYPE4HEATFUEL_95: Gas
  • BK9_LFD_TYPE4HEATTYPE_94: Forced Air
  • BK9_LFD_TYPE1APPLIANCES_71: Range - Cooktop + Oven, Refrigerator, Dishwasher
  • BK9_LFD_TYPE2APPLIANCES_78: Range - Cooktop + Oven, Refrigerator, Dishwasher
  • BK9_LFD_TYPE3APPLIANCES_85: Range - Cooktop + Oven, Refrigerator, Dishwasher
  • BK9_LFD_TYPE4APPLIANCES_92: Range - Cooktop + Oven, Refrigerator, Dishwasher
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator, Dishwasher
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace: No
  • Living Area: 3234

Exterior Features

  • Foundation Details: Block
  • Fencing: None
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • Total Parking Spaces: 6

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Lincoln High
  • Elementary School: Elliott
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Lefler

Lot Info

  • Lot Features: Up to 1/4 Acre.
  • Lot Size Sq Ft: 7250

Green Features

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5042.92

Multi Family

  • Number Of Units Total: 5
  • Total Actual Rent: 3785

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,043 $366,300 $45,000 $321,300
2023 $6,263 $373,700 $45,000 $328,700
2022 $6,467 $324,500 $45,000 $279,500
2021 $5,098 $0 $0 $0
2020 $3,867 $202,400 $45,000 $157,400
2019 $3,868 $202,400 $45,000 $157,400
2018 $3,885 $202,400 $45,000 $157,400
2017 $3,601 $185,900 $45,000 $140,900
2016 $3,620 $185,900 $45,000 $140,900
2015 $3,595 $185,900 $45,000 $140,900
2014 $3,713 $190,900 $20,300 $170,600
2013 -- $190,900 $20,300 $170,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 For Sale $685,000 -- $212 / Sq Ft
Source: Great Plains Regional MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer $103,000 None Available
Survivorship Deed $225,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $62,000 Credit Line Revolving
Closed $163,000 Commercial
Source: Public Records

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Source: Great Plains Regional MLS

MLS Number: 22524178

Great Plains Regional MLS

APN: 10-25-207-007-000