Duplex with Off-Street
New
For Sale
$265,000
1408-1410 Fairacres Drive, Fremont, NE 68025
Two-bedroom residences feature refreshed bathrooms, with off-street parking available at the property.
Property Size1,808 SF
Price / SF$146.57
Days on Market3
Property Features for 1408-1410 Fairacres Drive
General Information
Standard status
Active
Size
1,808 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1960
Buildings
1
Listing Agency:
BHHS Ambassador Real Estate
Listed By:
Dale Wimer · License #962190
(402) 720-7418
Source:
Lincolnnehomesearch
Added: Oct 11
Last Checked: Oct 12 at 5:22PM
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 BHHS Ambassador Real Estate
Investment Insights
Based on property information with market context.
This 1,808-square-foot duplex, built in 1960, contains two-bedroom units with spacious living rooms, kitchens and bedrooms. Bathroom updates are among the property improvements, along with replacement siding and shingles, newer windows and a newer sewer line. Off-street parking is also available.
The property is on the east side of Fremont, near shopping, restaurants and a school.
The property is on the east side of Fremont, near shopping, restaurants and a school.
Key Highlights
- Two‑bedroom units
- 1,808 square feet; built in 1960
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,265
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,300
$445.3K
Cap Rate 7%
$318,071
$318.1K
Cap Rate 9%
$247,389
$247.4K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$33.2K $18.36/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$31.8K $17.59/SF
− OpEx
−$9.5K −$5.28/SF
NOI
$22.3K $12.31/SF
Area
Dodge County, NE
Vacancy
4.18%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,300
Cap Rate 7%
$318,071
Cap Rate 9%
$247,389
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.3K – $371.1K
NOI $22,265 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$293.3K
$256.7K – $342.2K
NOI $20,534 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$485.2K
$424.5K – $566.1K
NOI $33,963 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 68025, NE
31,301
Population
14,017
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
124.0 sq mi
ZIP Area
252
Density / Sq Mi
$69,467
Median Household Income
$41,546
Median Earnings
$1,005
Median Rent
$201,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences feature refreshed bathrooms, with off-street parking available at the property.
Where is this duplex located?
The property is located at 1408-1410 Fairacres Drive Fremont, NE.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑bedroom units; 1,808 square feet; built in 1960; Off‑street parking
