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All-Brick Duplex with Basement
For Sale
$298,000

825-827 S 40th Street, Lincoln, NE 68510

Two occupied residences provide two-bedroom layouts, basement storage, and a detached garage.

Property SizeContact for details
Days on Market139

Property Features for 825-827 S 40th Street

General Information

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

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,283

Amenities

full basement
detached garage

Building Details

Year Built 1960
Buildings 1
Units 2
Construction all-brick
Listing Agency: Capitol Realty
Listed By: Emma Gonzales
Source: Burrowstracts
Added: Apr 8 Changed: Aug 18 Last Checked: Aug 23 at 1:22PM

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.

This two-unit duplex features all-brick construction and was built in 1960. Each residence includes two bedrooms and one bathroom, along with a practical layout and a full basement that provides additional storage and potential for future finish. A detached garage is included with the property.

Both units are fully occupied under month-to-month leases, with current income in place. The property is located at 825-827 S 40th Street in Lincoln, Nebraska, within a central area. The sale is offered as-is.

Key Highlights

  • Two‑unit duplex with two bedrooms and one bathroom in each residence
  • All‑brick construction; built in 1960
  • Full basement in each unit for added storage and potential future finish

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Building Supply Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing 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

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

683
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 - Two occupied residences provide two-bedroom layouts, basement storage, and a detached garage.
Where is this duplex located?
The property is located at 825-827 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 two bedrooms and one bathroom in each residence; All‑brick construction; built in 1960; Full basement in each unit for added storage and potential future finish
More about this property
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