4942 Madison Avenue, Lincoln, NE 68508

$380,000 Asking Price

8 beds
4 baths
4,640  sqft
Built in 1887

Amazing investment opportunity one block from Wesleyan University! 4-plex mansion apartment conversion with 4640 finished sqft & covered front porch on corner of large, double lot. Fully rented for total of $4090/mo. Massive main floor 4-bed apartment rents by room to 4 tenants & boasts newer high-efficency furnace, hardwood floors, updated kitchen, huge family room area with gorgeous windows and built-ins; easy access to main floor laundry. 2nd Floor has 2 separate apartments - Apt #2 is super spacious 3 bed, beautifully remodeled; Apt #2A is big studio apartment with 3/4 bath; 3rd floor is huge 1+bed apartment. Main floor laundry for all units; off street and street parking. Multi MLS #22423667

Features & Amenities

Interior

Master Bedroom:
Main Floor
Appliances:
Range - Cooktop + Oven, Refrigerator
Basement:
Walk-Up Access, Full, Unfinished
A/C:
true, Central Air, Window Unit(s)
Heating:
true, Gas, Forced Air
Fireplace:
Fireplace, Fireplaces: 1

Exterior

General:
Separate Entrance
Style:
Victorian
Parking:
Off Street, Extra Parking Slab, Parking spaces: 0

Construction

Roofing:
Composition
General:
Steel Siding, Other, 2.5 Story, Block, Brick/Mortar

Location

Originating MLS:
Great Plains Regional MLS
School District:
Lincoln Public Schools
County:
Lancaster

Lot

Zoning:
University Place, Block 50, Lot 11 - 12, S100', 1717208011000
Fencing:
Partial

Utilities

Sewer:
Public Sewer,Private Sewer

Financial

Source:
Great Plains Regional MLS
Ownership:
Fee Simple

This listing courtesy of:
Nebraska Realty, Gena Schriver

About Lincoln, NE

Housing

Number of Units
128,367
Median Home Value
$208,495
Median Rent
$792

42.00% of housing units are renter occupied.

5.59% are vacant.

Commute

Car
75.61%
Public Transportation
0.93%
Walk to Work
2.85%
Work from Home
19.32%
Other
0.42%

The median travel time to work is 16 minutes.

People

Population
298,603
Median Age
35.30
Median Household Size
2.58

Education

High School
20.56%
Associate’s Degree
11.69%
Bachelor’s Degree
25.11%
Graduate Degree
15.58%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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