Turnkey investment opportunity generating $3,020/month in gross rental income! Fully occupied with long-term tenants already in place, this duplex delivers immediate cash flow from day one. Each spacious unit features 3 bedrooms, 2 bathrooms, in-unit laundry, updated finishes, and finished basement space with egress for added flexibility. Located in Lincoln's desirable Near South neighborhood, just minutes from Downtown, the University of Nebraska-Lincoln, Bryan Health, shopping, dining, parks, and major employers. Whether you're expanding your portfolio or completing a 1031 exchange, this stabilized asset offers immediate income, strong rental demand, and excellent long-term appreciation potential. 24-hour notice required for all showings.
Pending
$365,000
2038 S 20th St, Lincoln, NE 68502
6beds
2,298sqft
Duplex
Built in 1935
-- sqft lot
$355,300 Zestimate®
$159/sqft
$-- HOA
What's special
Updated finishesIn-unit laundry
- 52 days
- 569
- 32
Zillow last checked:
Listing updated:
Listed by:
Bryan Bell 402-297-4364,
Nebraska Realty
Source: GPRMLS,MLS#: 22619728
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 2
Primary bedroom
- Features: Wood Floor
- Level: Second
Bedroom 2
- Features: Wood Floor
- Level: Second
Bedroom 3
- Features: Wall/Wall Carpeting, Egress Window
- Level: Basement
Bedroom 4
- Features: Wood Floor
- Level: Second
Bedroom 5
- Features: Wood Floor
- Level: Second
Family room
- Features: Wood Floor
Kitchen
- Features: Ceramic Tile Floor, Exterior Door
Living room
- Features: Wood Floor
Basement
- Area: 924
Heating
- Natural Gas, Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator, Washer, Dryer, Microwave
- Laundry: Ceramic Tile Floor
Features
- Flooring: Carpet, Ceramic Tile, Concrete
- Basement: Daylight,Egress
- Has fireplace: No
Interior area
- Total structure area: 2,298
- Total interior livable area: 2,298 sqft
- Finished area above ground: 1,848
- Finished area below ground: 450
Property
Parking
- Parking features: No Garage
Features
- Levels: Two
- Patio & porch: Porch, Patio
- Fencing: Chain Link
Lot
- Size: 4,791 Square Feet
- Dimensions: 75 x 65
- Features: Up to 1/4 Acre., City Lot
Details
- Additional structures: Shed(s)
- Parcel number: 1036237013000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Stone
- Foundation: Block
- Roof: Composition
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Water Available, Sewer Available, Phone Available
Community & HOA
Community
- Subdivision: Beecher Heights
HOA
- Has HOA: No
Location
- Region: Lincoln
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $295,800
- Annual tax amount: $3,800
- Date on market: 7/13/2026
- Listing terms: VA Loan,FHA,Conventional,Cash
- Ownership: Fee Simple
- Electric utility on property: Yes
Estimated market value
$355,300
$338,000 - $373,000
$1,241/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Pending sale | $365,000$159/sqft |
Source:  GPRMLS #22619728 Report a problem | ||
| 7/13/2026 | Listed for sale | $365,000+8%$159/sqft |
Source: GPRMLS #22619728 Report a problem | ||
| 3/27/2024 | Sold | $338,000-6.1%$147/sqft |
Source: GPRMLS #22402398 Report a problem | ||
| 3/8/2024 | Pending sale | $359,900$157/sqft |
Source: GPRMLS #22402398 Report a problem | ||
| 3/4/2024 | Price change | $359,900-3.9%$157/sqft |
Source: GPRMLS #22402398 Report a problem | ||
| 2/15/2024 | Price change | $374,500-6.1%$163/sqft |
Source: GPRMLS #22402398 Report a problem | ||
| 2/1/2024 | Price change | $399,000+76.8%$174/sqft |
Source: GPRMLS #22402396 Report a problem | ||
| 10/4/2023 | Pending sale | $225,700$98/sqft |
Source: GPRMLS #22322072 Report a problem | ||
| 10/2/2023 | Listed for sale | $225,700+72.3%$98/sqft |
Source: GPRMLS #22322072 Report a problem | ||
| 1/27/2016 | Listing removed | $725 |
Source: Realty Works Report a problem | ||
| 11/14/2015 | Listed for rent | $725 |
Source: Realty Works Report a problem | ||
| 7/10/2006 | Sold | $131,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,801 +21.8% | $295,800 +31.1% |
| 2024 | $3,119 -17.5% | $225,700 |
| 2023 | $3,783 -1.3% | $225,700 +17.1% |
| 2022 | $3,834 -0.2% | $192,800 |
| 2021 | $3,843 +20.7% | $192,800 +15.7% |
| 2020 | $3,183 +4.3% | $166,600 +10% |
| 2019 | $3,051 +0.5% | $151,400 |
| 2018 | $3,037 +4.5% | $151,400 +12.9% |
| 2017 | $2,906 +11.3% | $134,100 |
| 2016 | $2,611 | $134,100 |
| 2015 | $2,611 +0.7% | $134,100 -5.3% |
| 2014 | $2,593 -5.8% | $141,600 |
| 2013 | $2,754 | $141,600 |
| 2012 | -- | $141,600 +15.6% |
| 2011 | -- | $122,500 |
| 2010 | -- | $122,500 |
| 2009 | -- | $122,500 -14.2% |
| 2008 | -- | $142,693 |
| 2007 | -- | $142,693 |
| 2006 | -- | $142,693 |
| 2005 | $2,398 +1.3% | -- |
| 2004 | $2,367 | -- |
| 2003 | $2,367 +30.3% | -- |
| 2002 | $1,817 +1% | -- |
| 2001 | $1,799 -2.4% | -- |
| 2000 | $1,844 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Near South
Nearby schools
Schools provided by the listing agent
- Elementary: Prescott
- Middle: Irving
- High: Lincoln High
- District: Lincoln Public Schools
Source: GPRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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