1 month on rocket

1135 Sumner St, Lincoln, NE, 68502

$279,000

Home List Price

$3,313*

Closing Credit

5 Bedrooms
3 Full Baths
2,540 SqFt
$110/SqFt
Multi

Location

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1135 Sumner St, Lincoln$279,000

Buyer Closing Credits

$3,313*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingNone
Year Built1905
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
MLS #22428878
Lot Size0.18 Acres
StatusActive
(ACTIVE)

About 1135 Sumner St

This well maintained conversion triplex offers a fantastic investment opportunity with a monthly rental income of $2,475. Possibility of getting to $2600. The property features three distinct units, each with private entrances that maximize space and comfort. Each unit includes functional kitchen spaces, cozy living areas, and full bathrooms, making them highly attractive to tenants. Located in the near south neighborhood close to transit and schools, this triplex benefits from steady tenant demand. All units are occupied and have a year long leas. With minimal maintenance requirements and recent upgrades to key systems like new HVAC, Water heater, new roof with high impact shingles, foundation work with a 25 year transferable warranty, flooring, etc. This property is designed for effortless ownership and reliable cash flow. Whether you’re a seasoned investor or just starting, this triplex offers a strong return on investment with room to grow in the future.

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story
  • Year Built: 1905
  • Stories: 2
  • Living Area: 2,540 SqFt

Listing Office:

  • Office Name: Launch Realty, LLC
  • Office Phone: (402) 488-8844
  • Listing Agent: Matthew W. Schulte

Interior Features

Interior Information:

  • Appliances: Refrigerator, Washer, Dryer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: South side of Sumner St

Price Information

Listing Price Info

Price Summary:

  • List Price: $279,000
  • Price Per SqFt: $110/SqFt

Tax Information:

  • Annual Amount: $2,301
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lincoln, NE.

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Lincoln, NE

City

Med. Sold Price

$299K

Med. Price/SqFt

$152

Avg. Days On Market

17

# of Sold Homes

267

1135 Sumner St vs Lincoln

35 DAYS ON ROCKET

+18 Days

$279,000

-$20K Less

$110/SqFt

-$43 Less

KEY TAKEAWAY

This property is $20K less than the Median Sold Price and $43/SqFt less than other homes in Lincoln, NE.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #22428878

Listing Office:

  • Office Name: Launch Realty, LLC
  • Office Phone: (402) 488-8844
  • Listing Agent: Matthew W. Schulte

IDXThe 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 © 2024 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: 12/19/2024, 3:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 01, 2012Home Sold
$74,000
Mar 07, 2003Home Sold
$98,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,301$120,400
2019$1,858$96,800
2018$1,703$96,800
2017$1,712$87,900

History based on county public records data.

Payment Calculator

$1,460

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$903

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-158545
4
/10

  • Saratoga Elementary School

  • 2215 S 13th St

  • 0.34 miles

  • Public District Grades PK-5

school-card-donut-158546
5
/10

  • Everett Elementary School

  • 1123 C St

  • 0.37 miles

  • Public District Grades PK-5

school-card-donut-158547
5
/10

  • Prescott Elementary School

  • 1930 S 20th St

  • 0.72 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,948. The majority of Lincoln, NE residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Nebraska›Lancaster County›Lincoln›68502›1135 Sumner St

This home is located at 1135 Sumner St in Lincoln, NE and zip code 68502 in the Everett neighborhood. This 2,540 square foot home, which was built in 1905, sits on a 0.18 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $279,000.

While more than 43 listings in Lincoln, NE in November 2024 were sold above asking price, there were more than 71 listings sold at asking price, and more than 139 were sold below. The number of homes for sale in Lincoln, NE decreased by 0.5% between October 2024 and November 2024. Listings spent 17 days on the market in November 2024, and had a median list price of $299,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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