Laura Rhinehart
Responds Quickly
REMAX Concepts
(402) 875-9873
166 Total Sales
13 in University Place
$106K - $350K Price Range
5029 Cleveland Ave Lincoln, NE 68504
University Place NeighborhoodEstimated Value: $444,757
8
Beds
6
Baths
4,382
Sq Ft
$101/Sq Ft
Est. Value
Highlights
- No HOA
- Partially Fenced Property
- Heating System Uses Gas
- Window Unit Cooling System
About This Home
As of December 2023Welcome to a prime investment opportunity located in close proximity to the Wesleyan campus. This well-maintained 6-unit apartment complex offers a combination of two 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units. The units have undergone renovations and updates during turnovers, ensuring a fresh and modern look that appeals to tenants. Enjoy an additional stream of income with the on-site coin-operated laundry facilities. This apartment complex has a history of attracting and retaining long-term tenants, providing stability and reliability for your investment. Whether you're a seasoned investor or looking to start your real estate portfolio, this 6-unit apartment complex near Wesleyan campus offers a promising venture. Schedule a viewing today and explore the potential for financial growth in this thriving market!
Last Agent to Sell the Property
Arrow Brokerage License #20200393 Listed on: 09/29/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,298
Year Built
- Built in 1968
Lot Details
- 7,500 Sq Ft Lot
- Lot Dimensions are 75 x 100
- Partially Fenced Property
- Wood Fence
Home Design
- 4,382 Sq Ft Home
- Block Foundation
- Composition Roof
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Full Bathrooms
Parking
- 6 Parking Spaces
- No Garage
Schools
- Huntington Elementary School
- Dawes Middle School
- Lincoln Northeast High School
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Radiant Heating System
Additional Features
- Basement
Listing and Financial Details
- Total Actual Rent $3,980
- Assessor Parcel Number 1717209010000
Community Details
Overview
- No Home Owners Association
- 4,382 Sq Ft Building
- Mf Northeast Lincoln Subdivision
Building Details
- Maintenance Expense $2,398
- Manager Expense $2,866
- Other Expense $278
- Net Operating Income $30,894
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 29, 2023
Closed on
Dec 15, 2023
Sold by
Bought by
Seller's Agent
Jenni Limbach
Arrow Brokerage
Buyer's Agent
Kimberly Bell
Nebraska RE Invest. Solutions
List Price
$435,000
Sold Price
$390,000
Premium/Discount to List
-$45,000
-10.34%
Views
92
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,757
Avg. Annual Appreciation
5.10%
Original Mortgage
$376,462
Outstanding Balance
$367,170
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$77,587
Purchase Details
Closed on
Oct 9, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
Jul 11, 2018
Closed on
Sep 7, 2018
Sold by
Bought by
Seller's Agent
Jason Opp
Century Sales & Management LLC
Buyer's Agent
Boomer Peterson
kwELITE Real Estate
List Price
$310,000
Sold Price
$300,000
Premium/Discount to List
-$10,000
-3.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$240,000
Interest Rate
4.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 26, 2009
Sold by
Bought by
Purchase Details
Closed on
Jul 30, 2001
Sold by
Bought by
Purchase Details
Closed on
May 8, 1998
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,500
Interest Rate
7.09%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in University Place, NE
-
Laura Rhinehart
-
Heidi Cline
Heidi Cline
Tenacious Realty
(712) 217-0702
109 Total Sales
1 in University Place
$223,000 Price
-
Jackie Bovill
Jackie Bovill
NP Dodge RE Sales Inc Fremont
(531) 999-6813
35 Total Sales
1 in University Place
$257,000 Price
-
Connie Reddish
Connie Reddish
BHHS Ambassador Real Estate
(402) 413-7059
268 Total Sales
8 in University Place
$145K - $340K Price Range
-
Renae Guthard
Renae Guthard
REMAX Concepts
(402) 858-7936
138 Total Sales
3 in University Place
$125K - $235K Price Range
-
Nathan Satorie
Nathan Satorie
Woods Bros Realty
(402) 704-3427
78 Total Sales
6 in University Place
$180K - $270K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $390,000 | Charter Title | ||
| $350,000 | Charter Title & Escrow | ||
| $300,000 | Charter Title & Escrow Svcs | ||
| $184,000 | Ctc | ||
| $107,000 | -- | ||
| $190,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $376,462 | ||
| Previous Owner | $280,000 | ||
| Previous Owner | $258,000 | ||
| Previous Owner | $240,000 | ||
| Previous Owner | $164,800 | ||
| Previous Owner | $149,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/27/2023 12/27/23 | Sold | $390,000 | -10.3% | $89 / Sq Ft | |
| 12/07/2023 12/07/23 | Pending | -- | -- | -- | |
| 09/29/2023 09/29/23 | For Sale | $435,000 | +45.0% | $99 / Sq Ft | |
| 09/14/2018 09/14/18 | Sold | $300,000 | -3.2% | $68 / Sq Ft | View Prior Sale |
| 07/14/2018 07/14/18 | Pending | -- | -- | -- | |
| 07/11/2018 07/11/18 | For Sale | $310,000 | -- | $71 / Sq Ft |
Source: Great Plains Regional MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $5,150 | $400,800 | $41,400 | $359,400 |
| 2024 | $5,273 | $381,700 | $45,000 | $336,700 |
| 2023 | $6,411 | $382,500 | $45,000 | $337,500 |
| 2022 | $6,671 | $334,700 | $45,000 | $289,700 |
| 2021 | $5,917 | $313,800 | $45,000 | $268,800 |
| 2020 | $4,429 | $231,800 | $45,000 | $186,800 |
| 2019 | $4,430 | $231,800 | $45,000 | $186,800 |
| 2018 | $4,133 | $215,300 | $45,000 | $170,300 |
| 2017 | $3,944 | $203,600 | $45,000 | $158,600 |
| 2016 | $3,964 | $203,600 | $45,000 | $158,600 |
| 2015 | $3,937 | $203,600 | $45,000 | $158,600 |
| 2014 | $3,507 | $180,300 | $41,400 | $138,900 |
| 2013 | -- | $180,300 | $41,400 | $138,900 |
Source: Public Records
Agents Affiliated with this Home
-
Jenni Limbach
Seller's Agent in 2023
Jenni Limbach
Arrow Brokerage
(402) 540-8102
6 in this area
162 Total Sales
-
Zach Limbach
Seller Co-Listing Agent in 2023
Zach Limbach
Arrow Brokerage
(531) 777-6320
4 in this area
57 Total Sales
-
Kimberly Bell
Buyer's Agent in 2023
Kimberly Bell
Nebraska RE Invest. Solutions
(402) 310-5909
4 in this area
15 Total Sales
-
Jason Opp
J
Seller's Agent in 2018
Jason Opp
Century Sales & Management LLC
(402) 304-1896
4 in this area
46 Total Sales
-
B
Buyer's Agent in 2018
Boomer Peterson
kwELITE Real Estate
Map
Source: Great Plains Regional MLS
MLS Number: 22322979
APN: 17-17-209-010-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Copyright 2026, Great Plains Regional MLS LLC
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