Separately Metered Ranch
New
For Sale
$180,000
2525 Adams Street, Ashland, NE 68003
RESIDENTIAL, 1.0 Story/Ranch, Ashland, NE
Property Size1,440 SF
Lot Size0.26 Acres
Price / SF$125
Days on Market6
Property Features for 2525 Adams Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Basement
Parking features
Off Street
Patio and Porch features
Deck
Exterior features
Deck/Balcony, Extra Parking Slab, Storage Shed
Fencing
Chain Link
Appliances
Dishwasher, Oven, Refrigerator
Subdivision
Nichols Addition Ashland
Lot features
In City, In Subdivision
Elementary school
Ashland-Greenwood
Middle school
Ashland-Greenwood
High school
Ashland-Greenwood
Elementary school district
Ashland-Greenwood
Middle school district
Ashland-Greenwood
High school district
Ashland-Greenwood
Directions
Adams St
Standard status
Active
APN
004827000
Size
1,440 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lots 3-4 Blk 11 Nichols Addition Ashland
Tax Annual Amount
2550
Legal Description
Lots 3-4 Blk 11 Nichols Addition Ashland
Utilities
Utilities
Cable Available
Heating system
Forced Air
Amenities
washer/dryer hookups
off-street parking
garage-type shed
Building Details
Year built
1961
Floors in Building
1
Flooring type
Wood
Roof type
Composition
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
Nebraska Realty
(402) 491-0100
Listed By:
Heather VanArsdale · License #20060381
(402) 980-2763
Added: Sep 22
Changed: Sep 27
Last Checked: Sep 27 at 1:06PM
MLS# 22627368
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1961 ranch-style duplex contains 1,440 square feet on a 0.26-acre parcel. The unit addressed as 2525 Adams Street includes one bedroom, one full bathroom, a living room, dining room, kitchen, and basement access. The 2523 unit provides two bedrooms, one full bathroom, a living room, and kitchen. Both sides include washer and dryer hookups, and the property is separately metered for utilities.
Each unit has off-street parking in front, while an alley-accessed garage-type shed provides additional storage. Exterior features include a deck, chain-link fencing, and an extra parking slab. Wood flooring, forced-air heat, a composition roof, and appliances including an oven, refrigerator, and dishwasher are also included.
Each unit has off-street parking in front, while an alley-accessed garage-type shed provides additional storage. Exterior features include a deck, chain-link fencing, and an extra parking slab. Wood flooring, forced-air heat, a composition roof, and appliances including an oven, refrigerator, and dishwasher are also included.
Key Highlights
- 1,440‑square‑foot duplex on a 0.26‑acre parcel
- Two units: one 1‑bedroom and one 2‑bedroom layout
- Separate utility metering for each 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
$16,399
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
9.11%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct living areas, laundry hookups, off-street parking, and shared basement and storage access.
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: 1,440‑square‑foot duplex on a 0.26‑acre parcel; Two units: one 1‑bedroom and one 2‑bedroom layout; Separate utility metering for each unit
