2301-2303 South Street, Lincoln, NE 68502
- Added:
- Jun 10, 2026
- Days on Market:
- 24
- Last Refresh:
- Jul 3 at 5:06 pm
Property Features for 2301-2303 South Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 4, Bedroom 2, Basement, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 1
- Patio and Porch features
- Deck, Porch
- Exterior features
- Deck/Balcony, Enclosed Porch, Storage Shed
- Appliances
- Dishwasher, Disposal, Range - Cooktop + Oven, 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 agent Laura Rhinehart License #20190154 (402) 310-0185
Listing office REMAX Concepts 4141 Pioneer Woods Dr #114, Lincoln, NE (402) 441-4120
Listing date Jun 10, 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.
HighLights
- Brick side‑by‑side duplex at 2301 & 2303 South St with separate fenced yards for each side
- Each unit includes finished living space: 2301 has sunroom and finished basement with family room and laundry
- 2301 upstairs features a large primary bedroom with full ensuite bath and deck access
- 2303 features hardwood floors through much of the unit with kitchen, dining, and living on the main floor
- Two‑stall detached garage plus alley‑access off‑street parking
- Central air and forced‑air heating; composition roof; 1950 build year
Overview
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.
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 | $36.0k | $15.00 |
| − Vacancy | −$2.0k | −$0.83 |
| EGI | $34.0k | $14.17 |
| − OpEx | −$10.2k | −$4.25 |
| NOI | $23.8k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.68833
- Latitude
- 40.791428
