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All-Brick Two-Unit Duplex
For Sale
$298,000

1035-1033 S 40th Street, Lincoln, NE 68510

Each residence includes two bedrooms, one bathroom, and a full basement, with a detached garage serving the property.

Property SizeContact for details
Days on Market121

Property Features for 1035-1033 S 40th Street

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multi Family Home
Occupancy 100%

Taxes and HOA fees

Annual Taxes $3,283

Building Details

Year Built 1960
Buildings 2
Units 2
Construction all-brick
Tenancy Multi
Abandoned No
Listing Agency: Capitol Realty
Listed By: Emma Gonzales
Source: Burrowstracts
Added: Apr 9 Changed: Aug 2 Last Checked: Aug 6 at 1:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capitol Realty

Investment Insights

Based on property information with market context.

Built in 1960, this two-unit residential property features all-brick construction and a consistent layout across both residences. Each unit contains two bedrooms and one bathroom, while the full basements add storage space and room for future finishing. A detached garage is also included with the property.

The duplex is located at 1035-1033 S 40th Street in Lincoln, placing it in the central part of the city. Both units are currently occupied, and the leases are structured on a month-to-month basis. The existing configuration combines two-bedroom residences, basement utility, and supplemental garage space in a single multifamily asset.

Key Highlights

  • Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
  • All‑brick construction completed in 1960
  • Full basement in each unit provides additional storage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store Electrical Service Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

617
Businesses Nearby

Demographics for 68510, NE

20,669
Population
9,871
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,493
Density / Sq Mi
$64,183
Median Household Income
$41,632
Median Earnings
$857
Median Rent
$221,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Each residence includes two bedrooms, one bathroom, and a full basement, with a detached garage serving the property.
Where is this duplex located?
The property is located at 1035-1033 S 40th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit; All‑brick construction completed in 1960; Full basement in each unit provides additional storage
More about this property
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