Character Home, Garage, New Roof, Historic
1940 Emporia Home on 1.5 Lots with Garage and Two Electrified Sheds — $149,900
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 1940 home, 1457 sqft, 1.5 lots, two sheds with electric, two-car garage, fenced yard |
| Condition | 25% | 8 | Brand new roof 9-2026, recent termite inspection; systems otherwise unspecified but no distress language |
| Price / Sq Ft | 15% | 5 | Listing $103/sqft; zip median PSF unavailable — neutral 5.0 scored |
| Price vs. Market | 5% | 6 | $149,900 vs $188,918 median — approximately 21% below zip median |
| Market Conditions | 5% | 7 | Sale-to-list 91.8%, price drops 34.8%, DOM 28 days — clear buyer's market signals |
The storage situation here is the thing. A two-car garage with alley access, plus a 9x12 shed and a 14x12 shed, both wired with electricity and lighting. That is a lot of workspace for a $149,900 house. If you have a truck, tools, a boat, a side project, or any combination of those, this property is set up for it in a way that most houses at this price are not.
The house itself is a 1940 build, 1,457 square feet, three bedrooms and one bath. Inside, there is a separate laundry room, a utility room, and a mudroom with sliding glass doors — more practical square footage than most houses this age dedicate to that kind of use. It is the layout of someone who actually lived in a house and thought about where the wet coats go.
The yard is fenced, and the 1.5 lots give you room that a standard city lot does not. RV, trailer, extra vehicles, garden — there is space for it. That extra half lot is the kind of thing that sounds minor until you have it and realize how much easier daily life gets.
The roof is brand new as of September 2026, and there is a recent termite inspection on file. Those two things together tell you the seller has been paying attention. The agent description does not go into detail on systems like HVAC or plumbing, so you would want to walk through with that in mind.
Emporia's market is leaning toward buyers right now. More than a third of listings have taken price cuts, and homes are selling at about 92 cents on the dollar. This one is priced about 21% below the zip code's median sale price, which on a street like Lincoln means you are not competing at the top of what the market will bear.
What you get here is a solid older house with a yard, a garage, two working sheds, and room to spread out — at a price that leaves you something to work with.
