2038 S 20th Street Lincoln, NE 68502
DUPLEX - Lincoln, NE
Property Features for 2038 S 20th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 3, Basement, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Patio and Porch features
- Porch, Patio
- Interior features
- Cable Available
- Exterior features
- Patio, Porch, Storage Shed
- Fencing
- Chain Link
- Appliances
- Dryer, Microwave, Range - Cooktop + Oven, Refrigerator, Washer
- Standard status
- Active
- APN
- 10-36-237-013-000
- Size
- 2,298 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BEECHER HEIGHTS, Lot 13, N64.5' & LOT 14 N64.5' W1/2
- Tax Annual Amount
- 3801
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1935
- Floors in Building
- 2
- Flooring type
- Tile - Ceramic, Carpet, Concrete, Wood
- Roof type
- Composition
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Bryan Bell (402) 297-4364
Listing office Nebraska Realty 304 Olson Dr Ste 207, Lincoln, NE (402) 491-0100
Listing date Jul 13, 2026
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.
Located at 2038 S 20th Street in Lincoln’s Near South neighborhood, the property is positioned within reach of Downtown, the University of Nebraska-Lincoln, Bryan Health, shopping, dining, parks, and major employers.
The property is listed for sale at 2,298 square feet on a 0.11-acre lot. For showings, 24-hour notice is required.
Key Highlights
- $3,020/month gross rental income with the duplex fully occupied by long‑term tenants (24‑hour notice required)
- Each unit features 3 bedrooms and 2 bathrooms
- In‑unit laundry and a finished basement with egress included for added living/flex space
Local 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 | $34.5k | $15.00 |
| − Vacancy | −$1.9k | −$0.83 |
| EGI | $32.6k | $14.17 |
| − OpEx | −$9.8k | −$4.25 |
| NOI | $22.8k | $9.92 |
