Updated Duplex
For Sale
$309,900
1124 Sw 10th Cir, Lincoln, NE 68522
Two-unit layout supports living in one residence while leasing the other.
Property Size1,756 SF
Price / SF$176.48
Days on Market69
Property Features for 1124 Sw 10th Cir
General Information
Standard status
Active
Size
1,756 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,252
Building Details
Buildings
1
Listing Agency:
Nebraska Realty
(402) 429-5528
Listed By:
Kimberly Garringer
(402) 429-5528
Source:
Exprealty
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 3:59PM
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 Nebraska Realty
Investment Insights
Based on property information with market context.
This 1,756-square-foot duplex offers two residential units with a series of recent improvements. Updates include a dishwasher, bathroom work, garbage disposal, and garage door opener in one unit, along with new siding on one side. One unit also received a water heater and AC motor 2 years ago.
The property is located at 1124 SW 10th Cir in Lincoln, Nebraska. Its configuration supports an owner-occupant arrangement with one unit available for rent, or rental use of both units.
The property is located at 1124 SW 10th Cir in Lincoln, Nebraska. Its configuration supports an owner-occupant arrangement with one unit available for rent, or rental use of both units.
Key Highlights
- 1,756‑square‑foot duplex at 1124 SW 10th Cir, Lincoln, NE
- Two‑unit configuration allows occupancy of one unit with rental use of the other
- New dishwasher, updated bathroom, garbage disposal, and garage door opener in one unit
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
$17,424
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
5.62%
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%
$348,480
$348.5K
Cap Rate 7%
$248,914
$248.9K
Cap Rate 9%
$193,600
$193.6K
Market Conditions
NOI Build-Up for 1,756 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
$26.3K $15.00/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$24.9K $14.17/SF
− OpEx
−$7.5K −$4.25/SF
NOI
$17.4K $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 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%
$348,480
Cap Rate 7%
$248,914
Cap Rate 9%
$193,600
Alternative Uses
Best Use
Multifamily LT 5
$248.9K
$217.8K – $290.4K
NOI $17,424 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$231.2K
$202.3K – $269.8K
NOI $16,185 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$430.5K
$376.7K – $502.3K
NOI $30,135 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 68522, NE
14,496
Population
4,682
Households
3.1
Avg Household Size
33
Median Age
26%
College-Educated
87%
High-School Grad
10.6 sq mi
ZIP Area
1,368
Density / Sq Mi
$77,151
Median Household Income
$35,788
Median Earnings
$1,204
Median Rent
$225,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit layout supports living in one residence while leasing the other.
Where is this duplex located?
The property is located at 1124 Sw 10th Cir Lincoln, NE.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 1,756‑square‑foot duplex at 1124 SW 10th Cir, Lincoln, NE; Two‑unit configuration allows occupancy of one unit with rental use of the other; New dishwasher, updated bathroom, garbage disposal, and garage door opener in one unit
