Duplex with Detached
New
For Sale
$259,900
923 S 24th Street, Lincoln, NE 68510
RESIDENTIAL, 1.5 Story, Lincoln, NE
Property Size1,662 SF
Lot Size0.10 Acres
Price / SF$156.38
Days on Market2
Property Features for 923 S 24th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 1, Laundry Room, Basement, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Garage - Detached
Patio and Porch features
Patio
Exterior features
Extra Parking Slab, Patio
Subdivision
Near South - Low
Elementary school
Elliott
Middle school
Lefler
High school
Lincoln High
Elementary school district
Lincoln Public Schools
Middle school district
Lincoln Public Schools
High school district
Lincoln Public Schools
Directions
Please see GPS services for directions to property.
Standard status
Active
APN
10-25-441-009-000
Size
1,662 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOUTZ PLACE, BLOCK 4, Lot 17
Tax Annual Amount
2434
Legal Description
HOUTZ PLACE, BLOCK 4, Lot 17
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1909
Floors in Building
2
Architectural style
Other
Listing Agency:
BancWise Realty
(402) 323-6777
Listed By:
Greg Larsen
(402) 416-8464
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 22630705
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.
Configured as two residences, this 1,662-square-foot duplex sits on a 0.1-acre lot and was built in 1909. The upper unit has three bedrooms and two bathrooms, with a main-floor bedroom and dining area, hardwood floors, and a large kitchen. Its second level contains two additional bedrooms and a bathroom. The basement unit includes a kitchen, living room, one nonconforming bedroom, and a three-quarter bathroom with a new shower. Newer windows are present in the upper unit, and the basement has newer flooring.
A detached one-stall garage, patio, alley access, and separate off-street parking for each unit are among the property’s exterior features. The roof was replaced in 2022.
A detached one-stall garage, patio, alley access, and separate off-street parking for each unit are among the property’s exterior features. The roof was replaced in 2022.
Key Highlights
- Upper residence: 3 bedrooms and 2 bathrooms; basement unit: 1 nonconforming bedroom and 1 bathroom
- 1,662 square feet on a 0.1‑acre lot
- Detached 1‑stall garage and separate off‑street parking for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,491
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,820
$329.8K
Cap Rate 7%
$235,586
$235.6K
Cap Rate 9%
$183,233
$183.2K
Market Conditions
NOI Build-Up for 1,662 SF
Gross rent
$24.9K $15.00/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$23.6K $14.17/SF
− OpEx
−$7.1K −$4.25/SF
NOI
$16.5K $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%
$329,820
Cap Rate 7%
$235,586
Cap Rate 9%
$183,233
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.1K – $274.9K
NOI $16,491 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,318 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$407.5K
$356.5K – $475.4K
NOI $28,522 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens serve the upper residence and basement apartment, each with its own distinct layout.
Where is this duplex located?
The property is located at 923 S 24th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Upper residence: 3 bedrooms and 2 bathrooms; basement unit: 1 nonconforming bedroom and 1 bathroom; 1,662 square feet on a 0.1‑acre lot; Detached 1‑stall garage and separate off‑street parking for both units
