$365,000
$20K PRICE DROP

502 Broadway St Tecumseh, NE 68450

Estimated payment $2,236/month

Total Views 4,190
4 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Corner Lot
  • Living Room
  • Forced Air Heating and Cooling System
  • No HOA
  • Laundry Room
  • 3-minute walk to Tecumseh City Park

About This Home

Investment opportunity! This four-plex features four 1-bedroom units, three of which are updated and one ready for your finishing touch. Built in 1875 as a church, it was remodeled from 1995-1997 with many key updates including siding, windows, and roof. Tenants are responsible for electricity and gas, while the owner covers water, sewer, and garbage. Off-street parking is available for tenants. A great mix of income potential with room to add value! Seller is a licensed real estate agent.

Listing Agent

Lynn Wilhelm

Granneman Agency Inc License #20130247 Listed on: 09/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,076

Year Built

  • Built in 1875

Lot Details

  • 6,270 Sq Ft Lot
  • Lot Dimensions are 95 x 66
  • Corner Lot
  • Level Lot

Home Design

  • Block Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Living Room
  • Dining Room
  • Basement

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage

Accessible Home Design

  • Stepless Entry

Schools

  • Johnson County Central Elementary School
  • Johnson County Central Middle School
  • Johnson County Central High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 490026907

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $3,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,076

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Parcel Number: 490026907
  • Property Sub Type: Multi Family
  • Year Built: 1875
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1439
  • Lot Size: 95 x 66
  • Ownership: Fee Simple
  • Directions: See map.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Remarks22: To date - Apartments 1, 2, & 4 are rented for $700/month. Tenants would like to stay. Deposits were not made. No lease agreements were signed. Please give advance notice for showing. Lockbox will be on apartment 2 exterior door on northeast side of building. To get to other units, go through #2 to interior entrance. City Utilities - $52-70 in Winter, $70-110 in Summer Natural Gas - $120 in Winter, $30 in Summer Apartments 1 & 2 have gas, 3 & 4 are all electric.
  • BK9_LFD_TYPE1ROOMS_70: Living Room, Dining Room, Kitchen, Laundry
  • BK9_LFD_TYPE2ROOMS_77: Living Room, Kitchen, Laundry
  • 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: Electric
  • BK9_LFD_TYPE3HEATTYPE_87: Forced Air
  • BK9_LFD_TYPE4HEATFUEL_95: Electric
  • BK9_LFD_TYPE4HEATTYPE_94: Forced Air
  • BK9_LFD_TYPE1APPLIANCES_71: Range - Cooktop + Oven, Refrigerator, Dishwasher, Washer, Dryer
  • BK9_LFD_TYPE2APPLIANCES_78: Range - Cooktop + Oven, Washer, Dryer, Refrigerator
  • BK9_LFD_TYPE4APPLIANCES_92: Range - Cooktop + Oven, Washer, Dryer, Refrigerator
  • Special Features: VirtualTour

Interior Features

  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: No
  • BK9_LFD_TYPE1INTERIORFEATURES_72: Zero Step Entry
  • BK9_LFD_TYPE2INTERIORFEATURES_79: Zero Step Entry

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • Total Parking Spaces: 4

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Johnson County Central High School
  • Elementary School: Johnson County Central Elementary School
  • Junior High Dist: Johnson County Central Public Schools
  • Middle Or Junior School: Johnson County Central Middle School

Lot Info

  • Lot Features: Up to 1/4 Acre., Alley, Corner Lot, Level
  • Lot Size Sq Ft: 6270

Green Features

Multi Family

  • Insurance Expense: 3288
  • Number Of Units Total: 4
  • Total Actual Rent: 2800

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4076

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2025 11/11/25 Price Changed $365,000 -5.2% --
09/09/2025 09/09/25 For Sale $385,000 -- --
Source: Great Plains Regional MLS

Source: Great Plains Regional MLS

MLS Number: 22526286

Great Plains Regional MLS
Nebraska Johnson County Tecumseh 68450

502 Broadway St, Tecumseh, NE

For Sale

MultiFamily

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Lynn Wilhelm
Listing Agent
Lynn Wilhelm
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Granneman Agency Inc
(402) 258-7849