Updated Duplex with Fenced
New
For Sale
$299,000
15873 US Hwy 75, Blair, NE 68008
RESIDENTIAL, 1.5 Story, Blair, NE
Property Size2,524 SF
Lot Size0.59 Acres
Price / SF$118.46
Days on Market4
Property Features for 15873 US Hwy 75
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Laundry Room, Bedroom 6, Bedroom 4, Bathroom 2
Parking features
Garage - Attached
Patio and Porch features
Deck, Patio
Interior features
Cable Available, Ceiling Fan, Garage Door Opener
Exterior features
Deck/Balcony, Patio
Fencing
Privacy
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
Land
Lot features
In City
Elementary school
Blair
Middle school
Otte Blair
High school
Blair
Elementary school district
Blair
Middle school district
Blair
High school district
Blair
Directions
Highway 75 North of Blair for 5 miles, property is on the left at the corner of Highway 75 and P10.
Standard status
Active
APN
890029666
Size
2,524 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21 19 11 TL 27 21-19-11 15B PC 12
Tax Annual Amount
2587
Legal Description
21 19 11 TL 27 21-19-11 15B PC 12
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
fenced backyards
Building Details
Year built
1900
Floors in Building
2
Flooring type
Carpet, Tile - Ceramic
Roof type
Composition
Architectural style
Other
Listing Agency:
BHHS Ambassador Real Estate · Berkshire Hathaway HomeServices
(402) 493-4663
Listed By:
Staci Mueller · License #20080312
(402) 699-0067
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 22 at 6:06AM
MLS# 22627150
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,524-square-foot duplex occupies 0.59 acres and includes two residential units with attached garage parking, private fenced backyards, patio and deck areas, central air, forced-air heat, and a composition roof. Interior amenities include dishwashers, microwaves, ranges, refrigerators, ceiling fans, ceramic tile, and carpet.
Unit 1 is leased through March 2027 and includes updated flooring, paint, counters, and appliances. Unit 2 is vacant and has been refreshed with new paint, updated flooring, a new refrigerator, new counters, a tile backsplash, and a painted and epoxied basement. Exterior improvements include new siding and windows in 2026, site grading, tree clearing, and a white-gravel driveway. The property is located just north of Blair on the west side of US Hwy 75, near River Wilds Golf Club.
Unit 1 is leased through March 2027 and includes updated flooring, paint, counters, and appliances. Unit 2 is vacant and has been refreshed with new paint, updated flooring, a new refrigerator, new counters, a tile backsplash, and a painted and epoxied basement. Exterior improvements include new siding and windows in 2026, site grading, tree clearing, and a white-gravel driveway. The property is located just north of Blair on the west side of US Hwy 75, near River Wilds Golf Club.
Key Highlights
- 2,524‑square‑foot duplex on 0.59 acres
- Unit 1 leased through March 2027
- Unit 2 recently vacated and extensively updated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,617
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$512,340
$512.3K
Cap Rate 7%
$365,957
$366.0K
Cap Rate 9%
$284,633
$284.6K
Market Conditions
NOI Build-Up for 2,524 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.0K $19.80/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$46.6K $18.45/SF
− OpEx
−$21.0K −$8.30/SF
NOI
$25.6K $10.15/SF
Area
Washington County, NE
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$512,340
Cap Rate 7%
$365,957
Cap Rate 9%
$284,633
Alternative Uses
Best Use
Multifamily LT 5
$410.6K
$359.3K – $479.1K
NOI $28,744 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$366.0K
$320.2K – $427.0K
NOI $25,617 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$663.1K
$580.2K – $773.6K
NOI $46,415 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 68008, NE
12,597
Population
5,289
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
97%
High-School Grad
124.0 sq mi
ZIP Area
102
Density / Sq Mi
$86,905
Median Household Income
$54,588
Median Earnings
$933
Median Rent
$254,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors, attached garage, private fenced backyards, and a mix of leased and vacant space.
Where is this duplex located?
The property is located at 15873 US Hwy 75 Blair, NE.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,524‑square‑foot duplex on 0.59 acres; Unit 1 leased through March 2027; Unit 2 recently vacated and extensively updated
