Investor special duplex - both units sold together. Property is in very poor condition and is being sold AS-IS; seller will make no repairs. Due to condition, property is not eligible for traditional financing - cash buyers only. Each unit offers 2 bedrooms and 1 bath upstairs. South unit has electricity and an original 1974-era kitchen; north unit's kitchen has been removed. Bring a flashlight for showings and use caution throughout. DO NOT WALK ON DECKS (unsafe). See photos for current condition and details.
Sold for $120,000
$120,000
431 S 40th St, Lincoln, NE 68510
2beds
1,101sqft
Multi Family
Built in 1974
-- sqft lot
$122,700 Zestimate®
$109/sqft
$847 Estimated rent
Home value
$122,700
$114,000 - $133,000
$847/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Derek Hilgert 402-499-5394,
REMAX Concepts
Bought with:
Non Member
Non Member office
Source: GPRMLS,MLS#: 22603758
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: None
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,101
- Total interior livable area: 1,101 sqft
Property
Parking
- Total spaces: 2
- Covered spaces: 2
Features
- Fencing: None
Lot
- Features: Up to 1/4 Acre., Sloped
Details
- Parcel number: 1730233003000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Other
- Roof: Other
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Central-CVDU
HOA
- Has HOA: No
Location
- Region: Lincoln
Financial & listing details
- Price per square foot: $109/sqft
- Tax assessed value: $228,300
- Annual tax amount: $2,933
- Date on market: 2/10/2026
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Sold | $120,000-4%$109/sqft |
Source:  GPRMLS #22603758 Report a problem | ||
| 2/13/2026 | Pending sale | $125,000$114/sqft |
Source: GPRMLS #22603758 Report a problem | ||
| 2/10/2026 | Listed for sale | $125,000$114/sqft |
Source: GPRMLS #22603758 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,934 -2.4% | $228,300 +6.6% |
| 2024 | $3,006 -8.7% | $214,100 +9% |
| 2023 | $3,292 +7% | $196,400 +27% |
| 2022 | $3,076 -0.2% | $154,700 |
| 2021 | $3,083 +19% | $154,700 +14.1% |
| 2020 | $2,591 -0.9% | $135,600 +4.5% |
| 2019 | $2,614 +0.5% | $129,700 |
| 2018 | $2,602 +4.5% | $129,700 +24.2% |
| 2017 | $2,490 +22.5% | $104,400 |
| 2016 | $2,033 | $104,400 |
| 2015 | $2,033 +0.7% | $104,400 -11.3% |
| 2014 | $2,019 -11.8% | $117,700 |
| 2013 | $2,289 | $117,700 |
| 2012 | -- | $117,700 +1.7% |
| 2011 | -- | $115,700 |
| 2010 | -- | $115,700 |
| 2009 | -- | $115,700 -3.3% |
| 2008 | -- | $119,673 |
| 2007 | -- | $119,673 |
| 2006 | -- | $119,673 |
| 2005 | $2,141 +1.3% | -- |
| 2004 | $2,114 | -- |
| 2003 | $2,114 +11.3% | -- |
| 2002 | $1,900 +1% | -- |
| 2001 | $1,881 -2.4% | -- |
| 2000 | $1,928 | -- |
Find assessor info on the county website
Neighborhood: Witherbee
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Nearby schools
GreatSchools rating
- 5/10Randolph Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Lefler Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Lincoln High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Randolph
- 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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$122,700
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$125,154
- Nebraska
- Lancaster County
- Lincoln
- 68510
- Witherbee
- 431 S 40th St
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