Duplex with Attached
For Sale
$589,000
1405 N 15th Street, Lincoln, NE 68508
Both residences are fully leased and professionally managed, with all-electric service.
Property Size3,427 SF
Price / SF$171.87
Days on Market28
Property Features for 1405 N 15th Street
General Information
Standard status
Active
Size
3,427 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
North Bottoms
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,455
Building Details
Building Size
3,427 SF
Year Built
2019
Listing Agency:
Nebraska Brokerage LLC
(402) 473-5311
Listed By:
Brent Qvale
(402) 419-6756
Source:
Avid-realty
Added: Sep 30
Changed: Oct 26
Last Checked: Oct 26 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 Brokerage LLC
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Investment Insights
Based on property information with market context.
Built in 2019, this 3,427-square-foot duplex contains two residences, each with four bedrooms, three bathrooms, and an attached two-stall garage. The property is all-electric and currently fully rented, with professional management in place.
The duplex is near campus and downtown, providing access to both destinations.
The duplex is near campus and downtown, providing access to both destinations.
Key Highlights
- Two residences, each with 4 bedrooms and 3 bathrooms
- 3,427 square feet; built in 2019
- Attached 2‑stall garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,004
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,080
$680.1K
Cap Rate 7%
$485,771
$485.8K
Cap Rate 9%
$377,822
$377.8K
Market Conditions
NOI Build-Up for 3,427 SF
Gross rent
$51.4K $15.00/SF
− Vacancy
−$2.8K −$0.83/SF
EGI
$48.6K $14.17/SF
− OpEx
−$14.6K −$4.25/SF
NOI
$34.0K $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%
$680,080
Cap Rate 7%
$485,771
Cap Rate 9%
$377,822
Alternative Uses
Best Use
Multifamily LT 5
$485.8K
$425.1K – $566.7K
NOI $34,004 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$451.2K
$394.8K – $526.4K
NOI $31,586 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$840.2K
$735.1K – $980.2K
NOI $58,811 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 68508, NE
17,249
Population
7,076
Households
2.4
Avg Household Size
24
Median Age
35%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
5,750
Density / Sq Mi
$33,561
Median Household Income
$10,349
Median Earnings
$760
Median Rent
$121,400
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 residences are fully leased and professionally managed, with all-electric service.
Where is this duplex located?
The property is located at 1405 N 15th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 3 bathrooms; 3,427 square feet; built in 2019; Attached 2‑stall garage for each residence
