Duplex with Separate Utility
2525 Adams Street, Ashland, NE 68003
For Sale
$180,000
Pending
Each residence has laundry connections and parking in front of its entrance.
Property Size1,440 SF
Days on Market51
Property Features for 2525 Adams Street
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Amenities
washer/dryer hook ups
off street parking
garage-type shed
Building Details
Year Built
Listing Agency:
BHHS Ambassador Real Estate
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 8:18AM
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
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Investment Insights
Based on property information with market context.
Built in 1961, this 1,440-square-foot duplex contains two units. The 2525 side has one bedroom, a full bath, living and dining rooms, and a kitchen; the 2523 side has two bedrooms, a full bath, a living room, and a kitchen. Both units have washer and dryer hookups, and utilities are separately metered. The 2525 unit also connects to the basement.
The parcel measures just over 1/4 acre. Off-alley improvements include a garage-type shed, with off-street parking in front of each unit.
The parcel measures just over 1/4 acre. Off-alley improvements include a garage-type shed, with off-street parking in front of each unit.
Key Highlights
- Two‑unit duplex with separately metered utilities
- 1,440 square feet; built in 1961
- 2525 unit: 1 bedroom, full bath, living room, dining room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,399
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,980
$328.0K
Cap Rate 7%
$234,271
$234.3K
Cap Rate 9%
$182,211
$182.2K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$25.1K $17.40/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$23.4K $16.27/SF
− OpEx
−$7.0K −$4.88/SF
NOI
$16.4K $11.39/SF
Area
Saunders County, NE
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,980
Cap Rate 7%
$234,271
Cap Rate 9%
$182,211
Alternative Uses
Best Use
Multifamily LT 5
$234.3K
$205.0K – $273.3K
NOI $16,399 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,615 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$378.3K
$331.0K – $441.4K
NOI $26,481 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
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Business Placement
Demographics for 68003, NE
5,291
Population
2,447
Households
2.2
Avg Household Size
42
Median Age
35%
College-Educated
97%
High-School Grad
108.7 sq mi
ZIP Area
49
Density / Sq Mi
$90,714
Median Household Income
$50,254
Median Earnings
$904
Median Rent
$281,700
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 has laundry connections and parking in front of its entrance.
Where is this duplex located?
The property is located at 2525 Adams Street Ashland, NE.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two‑unit duplex with separately metered utilities; 1,440 square feet; built in 1961; 2525 unit: 1 bedroom, full bath, living room, dining room, and kitchen
