2-Unit Brick Ranch
900 S 39th Street, Lincoln, NE 68502
For Sale
New
$325,000
RESIDENTIAL, 1.0 Story/Ranch, Lincoln, NE
Property Size2,408 SF
Lot Size0.17 Acres
Price / SF$134.97
Days on Market4
Property Features for 900 S 39th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Fencing
Fireplace
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Roof type
Architectural style
Additional Structures
Listing Agency:
Nebraska Realty
(402) 491-0100
Listed By:
Mark Taylor · License NE #0930419
(402) 706-5381
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 11:06PM
MLS# 22631884
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.
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Investment Insights
Based on property information with market context.
This 2,408-square-foot brick duplex was built in 1958 in a ranch configuration. Each residence has its own kitchen and two bedrooms. The property includes a detached garage, basement, patio, porch, and storage shed, with a 0.17-acre lot.
Key Highlights
- Two residences, each with a separate kitchen and 2 bedrooms
- 2,408‑square‑foot brick duplex built in 1958
- 0.17‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,893
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,860
$477.9K
Cap Rate 7%
$341,329
$341.3K
Cap Rate 9%
$265,478
$265.5K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$36.1K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$34.1K $14.17/SF
− OpEx
−$10.2K −$4.25/SF
NOI
$23.9K $9.92/SF
Area
Lincoln, NE
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,860
Cap Rate 7%
$341,329
Cap Rate 9%
$265,478
Alternative Uses
Best Use
Multifamily LT 5
$341.3K
$298.7K – $398.2K
NOI $23,893 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$317.1K
$277.4K – $369.9K
NOI $22,194 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$590.3K
$516.6K – $688.7K
NOI $41,324 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
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Business Placement
Demographics for 68502, NE
27,238
Population
11,936
Households
2.3
Avg Household Size
36
Median Age
39%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
4,065
Density / Sq Mi
$65,825
Median Household Income
$39,168
Median Earnings
$812
Median Rent
$220,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lincoln, NE
Properties on Market for Duplexes in Lincoln
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include a private kitchen and two bedrooms.
Where is this duplex located?
The property is located at 900 S 39th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two residences, each with a separate kitchen and 2 bedrooms; 2,408‑square‑foot brick duplex built in 1958; 0.17‑acre lot
