Excellent investment opportunity to purchase a completely renovated, performing apartment complex in close proximity to downtown Lincoln. The property includes 7 two bedroom, one bathroom units. The property is preforming at 6.64% cap rate with $5815 total month rent. Property can be purchased separately or with 2140 J Street and 2110 J Street. Contact the listing agent for financial details.
Sold for $640,000
$640,000
2140 J St, Lincoln, NE 68510
14beds
5,278sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$121/sqft
$1,602 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,602/mo
Zestimate® history
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Performing apartment complex
Zillow last checked:
Listing updated:
Listed by:
Jenni Limbach 402-540-8102,
Arrow Brokerage,
Zach Limbach 531-777-6320,
Arrow Brokerage
Bought with:
James Herrold, 20210030
NP Dodge RE Sales Inc Lincoln
Source: GPRMLS,MLS#: 22309516
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator, Dishwasher, Disposal, Washer, Dryer
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 5,278
- Total interior livable area: 5,278 sqft
Property
Parking
- Total spaces: 5
- Parking features: Attached
- Attached garage spaces: 2
- Covered spaces: 5
Features
- Levels: Two
- Patio & porch: Deck
- Fencing: Partial
Lot
- Size: 7,000 sqft
- Dimensions: 50 x 140
- Features: Up to 1/4 Acre., Alley, Level
Details
- Parcel number: 1025214015000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stone, Masonite, Brick/Other
- Foundation: Slab
- Roof: Composition
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lincoln
- Subdivision: MCNCOM - MF Central Lincoln
HOA & financial
Other financial information
- Total actual rent: 5815
Other
Other facts
- Listing terms: Conventional,Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2023 | Sold | $640,000-7.2%$121/sqft |
Source:  GPRMLS #22309516 Report a problem | ||
| 7/24/2023 | Pending sale | $690,000$131/sqft |
Source: GPRMLS #22309516 Report a problem | ||
| 5/8/2023 | Price change | $690,000-62.7%$131/sqft |
Source: GPRMLS #22309516 Report a problem | ||
| 12/21/2022 | Price change | $1,850,000-5.8%$351/sqft |
Source: GPRMLS #22229136 Report a problem | ||
| 10/19/2022 | Listed for sale | $1,963,000+33.5%$372/sqft |
Source: GPRMLS #22225133 Report a problem | ||
| 3/25/2022 | Sold | $1,470,000+332.4%$279/sqft |
Source: Agent Provided Report a problem | ||
| 1/30/1997 | Sold | $340,000$64/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,089 -3.3% | $551,700 +4.9% |
| 2024 | $7,334 -12.7% | $526,000 +4.9% |
| 2023 | $8,405 -4.4% | $501,500 +13.5% |
| 2022 | $8,788 +13.1% | $441,900 +13.3% |
| 2021 | $7,771 +54.3% | $389,900 +47.9% |
| 2020 | $5,037 -5.2% | $263,600 |
| 2019 | $5,312 +0.5% | $263,600 |
| 2018 | $5,288 +4.5% | $263,600 +10.3% |
| 2017 | $5,060 +8.8% | $238,900 |
| 2016 | $4,652 | $238,900 |
| 2015 | $4,652 +0.7% | $238,900 +4.9% |
| 2014 | $4,620 +4.3% | $227,800 |
| 2013 | $4,430 | $227,800 |
| 2012 | -- | $227,800 +0.7% |
| 2011 | -- | $226,200 |
| 2010 | -- | $226,200 |
| 2009 | -- | $226,200 -18.9% |
| 2008 | -- | $278,995 |
| 2007 | -- | $278,995 |
| 2006 | -- | $278,995 |
| 2005 | $4,505 +1.3% | -- |
| 2004 | $4,447 | -- |
| 2003 | $4,447 +18.8% | -- |
| 2002 | $3,745 +6.7% | -- |
| 2001 | $3,510 +3.4% | -- |
| 2000 | $3,393 | -- |
Find assessor info on the county website
Neighborhood: Capitol View
Nearby schools
GreatSchools rating
- 4/10Elliott Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Lefler Middle SchoolGrades: 6-8Distance: 2 mi
- 2/10Lincoln High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Elliott
- Middle: Lefler
- High: Lincoln High
- District: Lincoln
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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