2038 S 20th St, Lincoln, NE, 68502
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Not New and NOT a Model
- Year built: 1935
Materials
- Foundation: Block
- Roof: Composition
- Construction materials: Stone
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Appliances
- Appliances included: Refrigerator,Washer,Dryer,Microwave
- Laundry features: Ceramic Tile Floor
Basement
- Area: 924
Basement
- Has basement: Yes
- Basement: Daylight,Egress
Bedroom2
- Features: Wood Floor
- Level: Second
Bedroom3
- Features: Wall/Wall Carpeting, Egress Window
- Level: Basement
Bedroom4
- Features: Wood Floor
- Level: Second
Bedroom5
- Features: Wood Floor
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 2
Family Room
- Features: Wood Floor
Features
- Flooring: Carpet,Ceramic Tile,Concrete
- Finished area below ground: 450
- Finished area above ground: 1,848
Heating & Cooling
- Heating features: Natural Gas,Electric,Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,298
- Total interior livable area: 2,298 sqft
Kitchen
- Features: Ceramic Tile Floor, Exterior Door
Living Room
- Features: Wood Floor
Master Bedroom
- Features: Wood Floor
- Level: Second
Property
Details
- Parcel number: 1036237013000
- Attached to another structure: Yes
Features
- Levels: Two
- Patio & porch: Porch,Patio
- Fencing: Chain Link
Lot
- Lot size: 4,791 sqft
- Features: Up to 1/4 Acre.,City Lot
- Lot size dimensions: 75 x 65
Parking
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Hail
- Strong Wind
- Winter Weather
- Cold Wave
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Nebraska Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,845 | $22,140 |
| Home Insurance | $368 | $4,416 |
| Property Taxes | $377 | $4,524 |
| Electricity | $141 | $1,702 |
| Total | $2,731 | $32,772 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-13 | Listed for sale | $365,000 |
| 2024-03-27 | Sold | $338,000 |
| 2024-03-08 | Pending sale | $359,900 |
| 2024-03-04 | Price change | $359,900 |
| 2024-02-15 | Price change | $374,500 |
| 2024-02-01 | Price change | $399,000 |
| 2023-10-04 | Pending sale | $225,700 |
| 2023-10-02 | Listed for sale | $225,700 |
| 2016-01-27 | Listing removed | $725 |
| 2015-11-14 | Listed for rent | $725 |
| 2006-07-10 | Sold | $131,000 |
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