Renovated Two-Unit
For Sale
$239,000
1115 S 14th Street, Lincoln, NE 68502
Each residence offers two bedrooms, one bath, and refreshed finishes in a separate living unit.
Property Size1,250 SF
Price / SF$191.20
Days on Market50
Property Features for 1115 S 14th Street
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Near South
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Year Renovated
2024
Buildings
1
Listing Agency:
Exp Realty LLC
(402) 305-4031
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 4 at 1:45PM
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 Exp Realty LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,250 square feet across two residences, with each unit providing approximately 625 sq. ft., two bedrooms, and one bathroom. The building dates to 1900 and underwent a full remodel in 2024, including the roof, exterior siding, plumbing, electrical systems, HVAC, flooring, cabinetry, appliances, and fixtures. The interiors feature durable, low-maintenance finishes and updated layouts suited to residential occupancy.
The property is within walking distance of the University of Nebraska Lincoln and downtown Lincoln. Shopping, dining, and other amenities are also nearby, giving both units convenient access to established community destinations.
The property is within walking distance of the University of Nebraska Lincoln and downtown Lincoln. Shopping, dining, and other amenities are also nearby, giving both units convenient access to established community destinations.
Key Highlights
- Two 2‑bedroom, 1‑bath units in one duplex building
- Approximately 625 sq. ft. per unit; 1,250 square feet total
- Full property remodel completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,403
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,060
$248.1K
Cap Rate 7%
$177,186
$177.2K
Cap Rate 9%
$137,811
$137.8K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$18.8K $15.00/SF
− Vacancy
−$1.0K −$0.83/SF
EGI
$17.7K $14.17/SF
− OpEx
−$5.3K −$4.25/SF
NOI
$12.4K $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%
$248,060
Cap Rate 7%
$177,186
Cap Rate 9%
$137,811
Alternative Uses
Best Use
Multifamily LT 5
$177.2K
$155.0K – $206.7K
NOI $12,403 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$164.6K
$144.0K – $192.0K
NOI $11,521 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$306.4K
$268.1K – $357.5K
NOI $21,451 @ 7.0% cap · market cap 8.98%
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
1,101
Businesses Nearby
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Business Placement
Demographics for 68502, NE
27,238
Population
11,936
Households
2.3
Avg Household Size
36
Median Age
39%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
4,065
Density / Sq Mi
$65,825
Median Household Income
$39,168
Median Earnings
$812
Median Rent
$220,500
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 - Each residence offers two bedrooms, one bath, and refreshed finishes in a separate living unit.
Where is this duplex located?
The property is located at 1115 S 14th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in one duplex building; Approximately 625 sq. ft. per unit; 1,250 square feet total; Full property remodel completed in 2024
