Side-by-Side Duplex with
New
For Sale
$395,000
6241 S 28th Street, Lincoln, NE 68516
RESIDENTIAL, 1.0 Story/Ranch, Lincoln, NE
Property Size2,410 SF
Lot Size0.25 Acres
Price / SF$163.90
Days on Market3
Property Features for 6241 S 28th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 6, Basement, Bedroom 1, Bathroom 3, Bedroom 3
Parking features
Garage - Attached
Patio and Porch features
Deck
Interior features
9'+ Ceiling, Ceiling Fan
Exterior features
Deck/Balcony
Fencing
Chain Link
Appliances
Dishwasher, Freezer, Range, Refrigerator
Subdivision
South Lincoln - CVDU
Lot features
In City, Paved Road
Elementary school
Rousseau
Middle school
Scott
High school
Lincoln Southwest
Elementary school district
Lincoln Public Schools
Middle school district
Lincoln Public Schools
High school district
Lincoln Public Schools
Directions
Use GPS, or when south of Old Cheney on S 27th, turn east on Coronado. and turn north on S 28th.
Standard status
Active
APN
16-18-110-040-000
Size
2,410 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEVENOAKS 1ST ADDITION, BLOCK 3, Lot 32
Tax Annual Amount
3868
HOA Fee
$65 Annually
Legal Description
SEVENOAKS 1ST ADDITION, BLOCK 3, Lot 32
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit laundry
private decks
Building Details
Year built
1987
Floors in Building
1
Flooring type
Vinyl, Carpet, Laminate
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Nebraska Realty
(402) 413-8000
Listed By:
Julie Ralston
(402) 560-5377
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 8 at 12:06AM
MLS# 22628932
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 side-by-side duplex contains 2,410 square feet across two matching residences, each with three bedrooms, two bathrooms, a vaulted living room, in-unit laundry and a private deck. Each unit also has an attached two-stall garage. The property was built in 1987 and sits on a 0.25-acre lot.
Both units are currently rented. One kitchen has updated appliances, a countertop and LVP flooring. The property is near SouthPointe Mall, Tierra Park, schools and grocery stores in Lincoln.
Both units are currently rented. One kitchen has updated appliances, a countertop and LVP flooring. The property is near SouthPointe Mall, Tierra Park, schools and grocery stores in Lincoln.
Key Highlights
- Two matching units, each with 3 bedrooms and 2 bathrooms
- 2,410 square feet of building area
- 0.25‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,913
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,260
$478.3K
Cap Rate 7%
$341,614
$341.6K
Cap Rate 9%
$265,700
$265.7K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$36.2K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$34.2K $14.17/SF
− OpEx
−$10.2K −$4.25/SF
NOI
$23.9K $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 Rate 5%
$478,260
Cap Rate 7%
$341,614
Cap Rate 9%
$265,700
Alternative Uses
Best Use
Multifamily LT 5
$341.6K
$298.9K – $398.6K
NOI $23,913 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$317.3K
$277.7K – $370.2K
NOI $22,213 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$590.8K
$517.0K – $689.3K
NOI $41,358 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 68516, NE
47,448
Population
19,549
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
98%
High-School Grad
18.9 sq mi
ZIP Area
2,510
Density / Sq Mi
$100,093
Median Household Income
$52,344
Median Earnings
$1,213
Median Rent
$331,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer private decks, in-unit laundry and attached garage parking.
Where is this duplex located?
The property is located at 6241 S 28th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two matching units, each with 3 bedrooms and 2 bathrooms; 2,410 square feet of building area; 0.25‑acre lot
