6 hours on Rocket
$2,019 Closing Credit¹
#22506230, Thomas J. Larsen, Listing Office: Nebraska Realty
$179,999 List price
1421 N 40th St Lincoln, NE 68503
$2,137
Closing credit¹
2 beds
2 baths
1,736 sqft
0.1 acres
$104 / sqft
House
Property details
About 1421 N 40th St
!!Investor Special!! Located in the heart of Lincoln, just across from the University of Nebraska's East Campus! With over 1200 sq ft on the main level, this home boasts tons of potential highlighted by beautiful woodwork throughout. Featuring 2 spacious bedrooms and a well-appointed bathroom, the main floor also includes a large kitchen, a generous dining room, and a good-sized living room with an office area, perfect for studying or remote work. The lower level offers even more potential with 2 additional non-conforming bedrooms, extra living space, and a laundry room complete with a convenient 2nd bath! Recent updates include a newer roof and all newer vinyl windows. With TLC, having pretty good bones and fantastic location, this property could be a great investment for parents with college students or as a long-term rental. Bring your toolbox and imagination to unlock the full potential of this home priced at an incredible $30k below assessed value with an ARV of 265k+! Call today!
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
(NEW)
(NEW)
CoolingCentral Air
Size1,736 sqft
BasementYes
Lot size0.11 Acres
Year built1924
ParkingDetached
MLS #22506239
Garage1 space
Summary
- MLS Number: 22506239
- Office Name: Coldwell Banker NHS R E
- Office Phone: (402) 489-9071
- Listing Agent: Hosie J. Hudson
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 2:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$179,999
1421 N 40th St
$2,137
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $187,400 | $3,349 |
| 2023 | $173,000 | $3,440 |
| 2022 | $134,700 | $2,684 |
| 2021 | $134,700 | $2,711 |
| 2020 | $118,400 | $2,262 |
| 2019 | $118,400 | $2,245 |
| 2018 | $117,000 | $2,266 |
| 2017 | $117,000 | $1,917 |
History based on county public records data.
Nearby schools
3
Hartley Elementary School
Public District PK-5
0.7 mi
•730 N 33rd St
4
Riley Elementary School
Public District KG-5
0.7 mi
•5021 Orchard St
5
Clinton Elementary School
Public District PK-5
0.8 mi
•1520 N 29th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,404. Typical income of Lincoln, NE residents is less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
39%
<35k
39%
35k-100k
19%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
50%
Single, No Kids
5%
Single, with Kids
26%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
4%
12-17 yrs old
47%
18-34 yrs old
30%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Mexican League Soccer
Symphony or Opera
Where do the neighbors shop?
Express/Express For Men
Books-a-Million
Chico's
Where do the neighbors go to eat?
Starbucks
Church's Chicken
Boston Market
What do the neighbors drive?
Pontiac
Toyota
Volvo
What do the neighbors listen to?
Urban Contemporary
Adult Hits
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1421 N 40th St
This home is located at 1421 N 40th St in Lincoln, NE and zip code 68503 in the East Campus neighborhood. This 1,736 square foot home, which was built in 1924, sits on a 0.11 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $179,999.
Over 40 listings were sold over their listed price in February 2025 in Lincoln, NE. In the same period over 93 listings were sold below the listed price and 47 listings were sold for the listed price. Between January and February 2025, Lincoln, NE real estate market has seen increase in the number of listings by 2.4%. In February 2025 median list price was $296,500 and the average listing age was 29 days.
From Rocket Homes Real Estate and based on county public records data.