1336 D St · Lincoln, NE 68502

$675,000

None bd · None ba · 6,480 sqft · MultiFamily public records · 100 Days on market

Built 1968 7,200 sqft lot

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.3/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 10 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Fully rented brick 10-plex. $60k/year, $5k/month gross rental income. All units have been updated, except one. Includes a new video surveillance security system monitored by ADT. Rent roll attached.

Key facts

• 7,200 sq ft lot
• 10 parking spots
• Built 1968

Tags

• MULTI-FAMILY PROPERTY
• ON-SITE LAUNDRY FACILITIES
• ADDITIONAL TENANT STORAGE

Property features AI

Exterior

• Parking: No garage; Parking for 10 vehicles
• Utilities: Public water; Public sewer; Eleven electric meters; Eleven gas meters
• Home design: Residential income property; Multi-family; Not new / not a model; Built in 1968
• Construction: Block foundation
• Exterior features: Lot up to 1/4 acre (approximately 0.1653 acres); Lot dimensions about 50 x 144; Lot included in price

Interior

• Heating & cooling: Natural gas forced-air heating
• Interior features: Basement present; Ten furnaces; Ten air conditioning units

What this means for you Summary

Snapshot

• This is a 6×1bd/1ba + 4×1bd/?ba units multifamily listed at $675k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive. Per door: $124/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $675k).
• Recommended offer: $614k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 3.0% in Lincoln — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 85/100 on livability (#5 in NE, #545 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D+.
• Lincoln Public Schools (urban): math 50% / reading 53% proficiency, ranked #59 of 111 in NE (top 53%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Mcphee Elementary School (math 22% / reading 37%, grade F, #427 of 502 statewide, top 87%, 282 students, 0% FRL); Park Middle School (math 37% / reading 37%, grade F, #99 of 128 statewide, top 79%, 834 students, 68% FRL); Lincoln High School (math 38% / reading 41%, grade F, #184 of 261 statewide, top 76%, 2,196 students, 59% FRL).
• Zoned-school proficiency averages 35% at this address vs 52% district-wide (-16 pts) — the specific schools serving this property underperform the Lincoln Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.4%/yr); 137 active listings in the ZIP; 1,940 units permitted in Lancaster County in 2024 (895 in 5+ unit buildings).
• At $7,137/mo this rent would consume 125% of the median local household income ($69k/yr) (locally 1252% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $20k of value loss. Plan a longer hold.
• Lancaster County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($614k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 17y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $530k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $614,250 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 8.50%
• Cash-on-cash: 7.88%
• DSCR: 1.35
• GRM: 7.9

CMA / ARV

• ARV (median comp): $313,058
• List price: $675,000
• Delta: 115.61%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2100 Garfield St	0.73mi	11/11.0	6,920 (+7%)	12mo	$815,000	$118	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.38% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.82×
• Total profit: $-34,833
• Equity at exit: $100,645

10-year hold

• IRR: 4.0%
• Equity multiple: 1.28×
• Total profit: $53,266
• Equity at exit: $58,362

Cash invested: $189,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Nebraska: 83 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempted; moderate court pace.

Methodology + full state rankings →

ZIP-level market 68502

• Rents YoY: 2.4%
• Active inventory: 137
• Price-to-rent: 78.8×

Monthly cashflow live

• Estimated rent: $7,137 high
• Mortgage (P&I): −$3,540
• Tax from tax record: −$576 /mo · $6,917/yr
• Insurance: −$281
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,499
• Net cashflow: $1,241

Break-even live

Break-even rent $5,566

Max offer price $675,000

Occupancy floor 78%

Sensitivity live

Price	-10% $1,623	-5% $1,432	+0% $1,241	+5% $1,050	+10% $859
Rent	-10% $677	-5% $959	+0% $1,241	+5% $1,523	+10% $1,805
Rate	-1.0pp $1,581	-0.5pp $1,412	base $1,241	+0.5pp $1,066	+1.0pp $888

10-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 6× units	1	1	$4,284
▸ 4× units	1	0	$2,856
Total (10 units)			$7,137

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $168,750
• Closing costs: $20,250
• Reserves months: —
• Total cash needed: —

Listing history 35 events

1. 2026-06-18
   days on market $675,000 Active 100 DOM
2. 2026-06-17
   days on market $675,000 Active 99 DOM
3. 2026-06-16
   days on market $675,000 Active 98 DOM
4. 2026-06-15
   days on market $675,000 Active 97 DOM
5. 2026-06-14
   days on market $675,000 Active 95 DOM
6. 2026-06-10
   days on market $675,000 Active 92 DOM
7. 2026-06-09
   days on market $675,000 Active 91 DOM
8. 2026-06-08
   days on market $675,000 Active 90 DOM
9. 2026-06-07
   days on market $675,000 Active 89 DOM
10. 2026-06-05
    days on market $675,000 Active 86 DOM
11. 2026-06-03
    days on market $675,000 Active 85 DOM
12. 2026-06-02
    days on market $675,000 Active 84 DOM
13. 2026-05-31
    days on market $675,000 Active 82 DOM
14. 2026-05-30
    days on market $675,000 Active 81 DOM
15. 2026-05-14
    price $675,000
16. 2026-03-10
    listed $695,000 New
17. 2020-08-25
    soldstatus $530,000 Sold 198-char remark

    Show marketing remark (198 chars)

    Fully rented brick 10-plex. $60k/year, $5k/month gross rental income. All units have been updated, except one. Includes a new video surveillance security system monitored by ADT. Rent roll attached.

18. 2020-07-17
    status Pending 198-char remark

    Show marketing remark (198 chars)

    Fully rented brick 10-plex. $60k/year, $5k/month gross rental income. All units have been updated, except one. Includes a new video surveillance security system monitored by ADT. Rent roll attached.

19. 2020-07-02
    listed $530,000 Active - New 198-char remark

    Show marketing remark (198 chars)

    Fully rented brick 10-plex. $60k/year, $5k/month gross rental income. All units have been updated, except one. Includes a new video surveillance security system monitored by ADT. Rent roll attached.

20. 2018-12-11
    soldstatus $460,000 85-char remark

    Show marketing remark (85 chars)

    Pre-Sold, Monthly gross income of $4,800/month. (6) 1-bed units and (4) efficiencies.

21. 2018-09-28
    listed $465,000 85-char remark

    Show marketing remark (85 chars)

    Pre-Sold, Monthly gross income of $4,800/month. (6) 1-bed units and (4) efficiencies.

22. 2018-06-04
    historical
23. 2017-10-02
    soldstatus $378,000
24. 2017-09-29
    soldstatus $378,000
25. 2017-06-11
    historical
26. 2017-06-04
    listed $385,000
27. 2017-06-04
    listed $385,000
28. 2013-08-24
    historical
29. 2013-04-24
    soldstatus $270,000
30. 2013-04-19
    soldstatus $269,500
31. 2013-03-02
    historical
32. 2012-10-10
    listed $260,000
33. 2012-03-01
    listed $270,000
34. 2010-02-28
    historical
35. 2009-09-01
    listed $295,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NE · Resets to sale price

• Current annual tax: $6,917 · $576/mo
• Projected year-2 tax: $11,678 · $973/mo
• Expected delta: +$4,761/yr (+$397/mo · 68.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $85,644
• − Mortgage interest: −$37,810
• − Property taxes: −$6,917
• − Insurance: −$3,375
• − Repairs & maintenance: −$6,852
• − Management: −$6,852
• − Depreciation: −$19,636
• Taxable income: $4,202
• Est. tax owed @ 24.0%: −$1,009
• After-tax cash flow: $13,881/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lincoln Public Schools
• NCES district ID: 3172840
• Math proficiency: 50% ▼ -6.00%
• Reading proficiency: 53% ▼ -3.00%
• Median HH income: $50,273
• Composite: 44.05/100
• National rank: #2880
• State rank: #59 of 111 in NE

Livability — Lincoln

• Score: 85/100
• State rank: #5
• US rank: #545

Category grades

Amenities A+ Commute A- Cost of living A+ Crime D+ Employment B- Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln, NE
• County: Lancaster County · 291,509 people
• City population: 291,509
• Metro: Lincoln, NE
• Population (ZIP): 25,846
• Household income: $68,523
• Rent vs Own: 44.4% rent · 55.6% own
• Severe rent burden: 1252.0

Population outlook (Lancaster County) Hauer SSP2

• Today (2025): 352,806 people
• By 2030: 377,899 · +7.1%
• By 2040: 428,582 · +21.5%
• By 2050: 483,103 · +36.9%
• By 2075: 632,390 · +79.2%
• By 2100: 759,513 · +115.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 13% Two or more races 11% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Portuguese 3% Romanian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Vietnam, Philippines
• Languages at home: 86% English-only · Spanish 9% Other Asian/Pacific 2% French/Haitian/Cajun 1%

Political lean MEDSL · Lancaster

• 2024 margin: Toss-up / Even · D 51.4% · R 47.1% · Other 1.5%
• 2008→2024 swing: -0.7pp no change · 2008: 5.0pp · 2024: 4.3pp
• All cycles: 2024: D+4.3 2020: D+7.8 2016: D+0.1 2012: R+1.0 2008: D+5.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -252.87%
• Current HPI: 240.304
• Rent YoY: ▲ 2.38%
• Metro: Lincoln, NE
• State GDP YoY: ▲ 0.68%
• F500 in state: 2

Industry mix (Fortune 500 HQ in NE)

Industry	F500 HQs	Revenue
▸Conglomerate	1	$371B

Price history

+128.8% since first listed

21 events — show timeline

• 2026-05-14 Price Changed $675,000 GPRMLS
• 2026-03-10 Listed $695,000 GPRMLS
• 2020-08-25 Sold (MLS) $530,000 GPRMLS
• 2020-07-17 Pending — GPRMLS
• 2020-07-02 Listed $530,000 GPRMLS
• 2018-12-11 Sold (MLS) $460,000 GPRMLS
• 2018-09-28 Listed $465,000 GPRMLS
• 2018-06-04 Listing Removed — GPRMLS
• 2017-10-02 Sold (Public Records) $378,000 Public Records
• 2017-09-29 Sold (MLS) $378,000 GPRMLS
• 2017-06-11 Listing Removed — GPRMLS
• 2017-06-04 Listed $385,000 GPRMLS
• 2017-06-04 Listed $385,000 GPRMLS
• 2013-08-24 Listing Removed — GPRMLS
• 2013-04-24 Sold (Public Records) $270,000 Public Records
• 2013-04-19 Sold (MLS) $269,500 GPRMLS
• 2013-03-02 Listing Removed — GPRMLS
• 2012-10-10 Listed $260,000 GPRMLS
• 2012-03-01 Listed $270,000 GPRMLS
• 2010-02-28 Listing Removed — GPRMLS
• 2009-09-01 Listed $295,000 GPRMLS

Property tax history

+3.8%/yr

Latest (2025): $6,917 · -3.3% YoY. Source: county tax records.