Brick
New
For Sale
$289,900
1020 S 39th Street, Lincoln, NE 68510
Both units have month-to-month rental arrangements.
Property Size1,491 SF
Price / SF$194.43
Days on Market2
Property Features for 1020 S 39th Street
General Information
Standard status
Active
Size
1,491 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1960
Construction
brick ranch
Listing Agency:
Np Dodge Re Sales Inc 148Dodge
(402) 968-1300
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Oct 23
Last Checked: Oct 23 at 3:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Np Dodge Re Sales Inc 148Dodge
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,491-square-foot duplex is a brick ranch built in 1960. Both units are occupied by month-to-month renters. Windows and soffits were replaced a few years ago.
Key Highlights
- 1,491‑square‑foot duplex
- Brick ranch built in 1960
- Windows and soffits replaced a few years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,794
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,880
$295.9K
Cap Rate 7%
$211,343
$211.3K
Cap Rate 9%
$164,378
$164.4K
Market Conditions
NOI Build-Up for 1,491 SF
Gross rent
$22.4K $15.00/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$21.1K $14.17/SF
− OpEx
−$6.3K −$4.25/SF
NOI
$14.8K $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%
$295,880
Cap Rate 7%
$211,343
Cap Rate 9%
$164,378
Alternative Uses
Best Use
Multifamily LT 5
$211.3K
$184.9K – $246.6K
NOI $14,794 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$196.3K
$171.8K – $229.0K
NOI $13,742 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$365.5K
$319.8K – $426.5K
NOI $25,587 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
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Business Placement
Demographics for 68510, NE
20,669
Population
9,871
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,493
Density / Sq Mi
$64,183
Median Household Income
$41,632
Median Earnings
$857
Median Rent
$221,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both units have month-to-month rental arrangements.
Where is this duplex located?
The property is located at 1020 S 39th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,491‑square‑foot duplex; Brick ranch built in 1960; Windows and soffits replaced a few years ago
