Remodeled Side-by-Side
New
For Sale
$259,900
3069 T Street, Lincoln, NE 68503
RESIDENTIAL, 1.0 Story/Ranch, Lincoln, NE
Property Size1,321 SF
Lot Size0.16 Acres
Price / SF$196.74
Days on Market4
Property Features for 3069 T Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Garage - Detached
Patio and Porch features
Patio
Interior features
Ceiling Fan
Exterior features
Covered Patio
Fencing
Chain Link
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
East Campus
Lot features
Level
Elementary school
Hartley
Middle school
Culler
High school
Lincoln Northeast
Elementary school district
Lincoln Public Schools
Middle school district
Lincoln Public Schools
High school district
Lincoln Public Schools
Directions
5 blocks North of O Street on 27th.East to property.
Standard status
Active
APN
17-19-311-006-000
Size
1,321 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PECKS GROVE, BLOCK 17, Lot 5
Tax Annual Amount
2301
Legal Description
PECKS GROVE, BLOCK 17, Lot 5
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
washer/dryer hookups
stainless steel appliances
central air conditioning
big yard
covered porches
Building Details
Year built
1981
Floors in Building
1
Flooring type
Vinyl, Concrete
Roof type
Composition
Architectural style
Ranch
Listing Agency:
EXIT Realty Professionals
(402) 466-8181
Listed By:
Giselle Gamba
(402) 309-0022
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 14 at 11:06AM
MLS# 22626414
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 1,321-square-foot side-by-side duplex includes two ranch-style residences, each with 2 bedrooms, 1 bathroom, washer and dryer hookups, and separate gas and electric utilities. One unit includes a basement, while the other has a crawl space. Both interiors feature updated flooring, recessed lighting, renovated bathrooms, sage cabinetry, butcher block-style countertops, and stainless steel appliances.
Major property improvements include new windows, siding, roof, gutters, plumbing, electrical wiring and panels, water heaters, furnaces, and central air conditioning units. Exterior features include a large yard, two covered porches, a detached two-car garage, chain-link fencing, and additional alley parking. The property is located at 3069 T Street in Lincoln, Nebraska.
Major property improvements include new windows, siding, roof, gutters, plumbing, electrical wiring and panels, water heaters, furnaces, and central air conditioning units. Exterior features include a large yard, two covered porches, a detached two-car garage, chain-link fencing, and additional alley parking. The property is located at 3069 T Street in Lincoln, Nebraska.
Key Highlights
- Side‑by‑side duplex with 2 bedrooms and 1 bathroom per unit
- 1,321 square feet on a 0.16‑acre lot
- Separate gas and electric utilities for each residence
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
$13,108
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
5.04%
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%
$262,160
$262.2K
Cap Rate 7%
$187,257
$187.3K
Cap Rate 9%
$145,644
$145.6K
Market Conditions
NOI Build-Up for 1,321 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
$19.8K $15.00/SF
− Vacancy
−$1.1K −$0.83/SF
EGI
$18.7K $14.17/SF
− OpEx
−$5.6K −$4.25/SF
NOI
$13.1K $9.92/SF
Area
Lincoln, NE
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$262,160
Cap Rate 7%
$187,257
Cap Rate 9%
$145,644
Alternative Uses
Best Use
Multifamily LT 5
$187.3K
$163.9K – $218.5K
NOI $13,108 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$173.9K
$152.2K – $202.9K
NOI $12,176 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$323.9K
$283.4K – $377.8K
NOI $22,670 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
Demographics for 68503, NE
15,064
Population
6,851
Households
2.2
Avg Household Size
28
Median Age
38%
College-Educated
82%
High-School Grad
2.9 sq mi
ZIP Area
5,194
Density / Sq Mi
$50,886
Median Household Income
$27,909
Median Earnings
$974
Median Rent
$158,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two ranch-style units offer updated interiors, separate utilities, outdoor space, and detached parking in Lincoln.
Where is this duplex located?
The property is located at 3069 T Street Lincoln, NE.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 2 bedrooms and 1 bathroom per unit; 1,321 square feet on a 0.16‑acre lot; Separate gas and electric utilities for each residence
