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Listing provided courtesy of Capitol Realty- MLS# 22609329MLS Provider

835-837 S 40th StreetLincoln, NE 68510

Multi-Family · 0.16 Acres
$298,000 ACTIVE

835-837 S 40th Street Overview

Time on Site:
74 days
Visits:
5

Fully occupied all-brick duplex in a desirable central Lincoln location. Each unit offers 2 bedrooms, 1 bathroom, and a functional layout with a full basement, providing additional storage and potential for future finish. Property includes a detached garage. All-brick construction offers durability and low maintenance. Strong rental history with immediate income in place. Ideal for investors seeking a stable asset with upside potential and long-term appreciation. Current leases are month to month. Selling as-is.

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835-837 S 40th Street Facts & Features

  • Type Multi-Family
  • Lot 0.16 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Lincoln
  • Elementary School: Randolph
  • Middle Or Junior School: Lefler
  • High School: Lincoln High

Building Information

  • New Construction: No
  • Year Built: 1960

Location/Region

  • Country: US
  • County Or Parish: Lancaster
  • MLS Area Major: Lancaster
  • Subdivision Name: Riley & Whitneys Sub

Tax Information

  • Tax Annual Amount: $3,283.00
  • Tax Year: 2026

General Information

  • Listing Terms: VA Loan,FHA,Conventional,Cash
  • Ownership: Fee Simple
  • Parcel Number: 1730405009000
  • Property Condition: Not New and NOT a Model
  • Property Sub Type: Multi Family
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 2
  • Garage: Yes

Building Interior

  • Building Area Source: Assessor
  • Building Area Units: Square Feet

General Information

  • Basement: Yes
  • Fireplace: No
  • Foundation Details: Block
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Rooms Total: 4

Exterior

Parking Information

  • Parking Features: Detached
  • Parking Total: 4

Lot Information

  • Lot Features: Up to 1/4 Acre.
  • Lot Size Acres: 0.1649
  • Lot Size Area: 7182
  • Lot Size Dimensions: 133 x 54
  • Lot Size Source: GIS Calculated
  • Lot Size Square Feet: 7182
  • Lot Size Units: Square Feet
  • Water Source: Public

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Brick

General Information

  • Carport: No
  • Covered Spaces: 2
  • Fencing: None
  • Number Of Units Total: 2
  • Sewer: Public Sewer

835-837 S 40th Street Neighborhood

Community

68510 (Lincoln) Demographics

38
Median Age
3,521
Population Density (per sq. mile)
50%
College Educated
$59,013
Estimated Median Income
5,496
Estimated Total Home Owners
3,619
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

835-837 S 40th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

835-837 S 40th Street Market Data

Based on the last 30 days in this zip code

$327,125
Average List Price
$158
Average Price per Square Foot
29
Properties Sold
48
Average Days on Market
75
Properties for Sale
Calculations provided by Reliance Network

835-837 S 40th Street History

Date Event Value Agent
6/21/2026Source: Great Plains MLS Price Reduction
$298,000 -3.6%
4/20/2026Source: Great Plains MLS Status Change
ACTIVE
4/15/2026Source: Great Plains MLS Added to Database
April 15, 2026