Brick Side-by-Side
2301-2303 South Street Lincoln, NE 68502
For Sale
$340,000
DUPLEX - Lincoln, NE
Property Size2,401 SF
Lot Size0.15 Acres
Price / SF$141.61
Days on Market49
Property Features for 2301-2303 South Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Basement, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1
Parking features
Garage - Detached
Patio and Porch features
Porch, Deck
Exterior features
Deck/Balcony, Enclosed Porch, Storage Shed
Appliances
Dishwasher, Disposal, Range, Refrigerator
Standard status
Active
APN
10-36-401-004-000
Size
2,401 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Yates & Thompsons Subdivision Of L2 SE 36-10-5, BLOCK 1, LOT 6
Tax Annual Amount
3631
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
2
Flooring type
Wood, Vinyl, Tile - Ceramic
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
REMAX Concepts
(402) 441-4120
Listed By:
Laura Rhinehart · License #20190154
(402) 310-0185
Added: Jun 10
Changed: Jul 26
Last Checked: Jul 28 at 5:06AM
MLS# 22616311
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick side-by-side duplex offers two separate residential units at 2301 and 2303 South Street. Each side includes its own fenced yard and shares an exterior setup featuring a two-stall detached garage with alley-access off-street parking. Unit 2301 has a large kitchen/dining area with an island, a sunroom, and a living room. Upstairs includes a primary bedroom with a full ensuite bath and deck access, plus an additional bedroom with a walk-in closet and a 1/2 bath. The finished basement adds a family room and a laundry area with a shower and toilet. Unit 2303 features hardwood floors throughout much of the unit, with kitchen, dining, and living room on the main floor. Upstairs has two bedrooms with hardwood floors and a full bath, while the lower level is unfinished with laundry, a half bath, and ample storage.
The property is in Lincoln, Nebraska, in Lancaster County, and shows begin Saturday.
For buyers considering either investment or owner-occupancy, the duplex is structured for independent living with multiple beds and functional basements. With both leases ending in July, an owner-occupant also has a clear timeline to plan for occupancy after the current terms conclude.
The property is in Lincoln, Nebraska, in Lancaster County, and shows begin Saturday.
For buyers considering either investment or owner-occupancy, the duplex is structured for independent living with multiple beds and functional basements. With both leases ending in July, an owner-occupant also has a clear timeline to plan for occupancy after the current terms conclude.
Key Highlights
- Brick side‑by‑side duplex at 2301 & 2303 South St, built in 1950, with central air and forced‑air heating
- Each unit has its own fenced yard, plus a two‑stall detached garage with alley‑access off‑street parking
- 2301 unit includes a kitchen/dining area with island, sunroom, living room, and upstairs primary suite with deck access
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $15.00 |
| − Vacancy | −$2.0k | −$0.83 |
| EGI | $34.0k | $14.17 |
| − OpEx | −$10.2k | −$4.25 |
| NOI | $23.8k | $9.92 |
2,401 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.3K
$297.8K – $397.1K
NOI $23,824 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$316.1K
$276.6K – $368.8K
NOI $22,130 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$588.6K
$515.0K – $686.7K
NOI $41,203 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side units with fenced yards and detached garage parking, with leases ending in July.
Where is this duplex located?
The property is located at 2301-2303 South Street Lincoln, NE.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Brick side‑by‑side duplex at 2301 & 2303 South St, built in 1950, with central air and forced‑air heating; Each unit has its own fenced yard, plus a two‑stall detached garage with alley‑access off‑street parking; 2301 unit includes a kitchen/dining area with island, sunroom, living room, and upstairs primary suite with deck access
