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978 Smithfield Avenue Lincoln

$525,000
5 3.1 2,240 sq ft

The Property

This well-maintained two-family home is an ideal investment property, currently fully rented, ensuring immediate income. The exterior showcases a classic design with a welcoming front porch and well-kept landscaping, reflecting the care taken by the owners. Each unit features spacious living areas filled with natural light, offering comfortable layouts with modern kitchens and cozy bedrooms. The units are equipped with separate utilities, enhancing tenant privacy and convenience.

A separate garage provides additional storage and parking options, an asset for tenants in urban areas. The property is strategically located near various amenities, including grocery stores, restaurants, and parks, making it attractive to renters. Additionally, its proximity to major highways ensures easy commuting to surrounding areas, further enhancing its desirability. Overall, this two-family home is a prime example of a solid investment in a thriving community.

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Listing Details

MLS Number

1368970

Lot Size:

0.17 acres

Features

  • Basement: Full
  • Deck
  • Vinyl Siding
  • Heating: Baseboard, Forced Water
  • Heating Fuel: Gas
  • Garage: Detached
  • Laundry
  • Paved Driveway
  • Sidewalks
  • Type: Up/Down
  • Year Built: 1950

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Market Trends for Multi Family Homes
in Lincoln

  • Overview
    Homes for Sale Today4-96.5% decrease in inventory
    New on Market *3-25% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$166.97$32 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$587,250$587,250 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *106.77%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$145.94$146 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *3939 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Redfin Corporation

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