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4942 Madison AvenueLincoln, NE 68508

$350,000

8bd
4ba
4,640 sqft

Description

Magnificent Mansion conversion to 4-plex with 4640 finished sqft & covered front porch on corner of large, double lot. Amazing investment opportunity one block from Wesleyan University! Currently gets $4090/mo in rent. 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 super spacious 3 bed, beautifully remodeled; Apt #2A big studio apartment with 3/4 bath; 3rd floor huge 1+bed apartment. Main floor laundry; off street & street parking. Multi MLS #22423667

Home Highlights

Outdoor
Porch, Patio, and Covered Patio
A/C
Heating & Cooling
Price/Sqft
$75
Above Grade Sqft
4640
Price/Sqft AG
$75

Home Details for 4942 Madison Avenue

Interior Features

Interior Details

Basement: Walk-Up Access, Full, and Unfinished

Beds & Baths

Number of Bedrooms: 8
Number of Bathrooms: 4
Number of Bathrooms (three quarters): 1
Number of Bathrooms (main level): 1

Dimensions and Layout

Living area: 4640 Square Feet

Finished Area

Finished Area (above surface): 4640 Square Feet

Appliances & Utilities

Appliances: Range and Refrigerator
Laundry: Main Floor

Heating & Cooling

Heating: Natural Gas and Forced Air
Air Conditioning: Central Air and Window Unit(s)

Levels, Entrance & Accessibility

Flooring: 2.5 Story

Exterior Features

Exterior Home Features

Roof: Composition
Patio / Porch: Porch, Patio, and Covered Patio
Fencing: Partial
Foundation: Block and Brick/Mortar

Parking & Garage

Parking: Off Street and Extra Parking Slab

Water & Sewer

Sewer: Public Sewer and Private Sewer

Property Information

Year Built

Year Built: 1887

Property Type / Style

Property Type: Residential
Property Subtype: Single Family Residence

Building

Construction Materials: Steel Siding and Other
Not a New Construction
Not Attached Property

Lot Information

Lot Area (acres): 0.23 acres

Property Information

Condition: Not New and NOT a Model
Parcel Number: 1717208011000

Property Taxes

Year: 2023
Tax: $4,505

Price & Status

Price

List Price: $350,000
Price Per Sqft: $75
Price Per Sqft AG: $75

Status

MLS Status: Cancelled
Status Date: 12/31/2024

Location

Direction & Address

City: Lincoln
Subdivision: University Place

School Information

Elementary School: Riley
Elementary School District: Lincoln Public Schools
Middle School: Dawes
Middle School District: Lincoln Public Schools
High School: Lincoln Northeast
High School District: Lincoln Public Schools

Agent & Terms

Listing Agent

MLS ID: 22423664

Terms

Listing Terms: Conventional and Cash

Get More Information / Schedule Tour

acre team

ACRE Realty Group - Woods Bros Realty

(402) 730-2556

Phone

Listing provided by

Gena Schriver, 402-320-4663
Nebraska Realty