Remodeled Side-by-Side
For Sale
$259,900
3069 T Street, Lincoln, NE 68503
Two updated residences offer separate utilities, private laundry hookups, outdoor space, and shared access to a detached garage.
Property Size1,321 SF
Price / SF$196.74
Days on Market49
Property Features for 3069 T Street
General Information
Standard status
Active
Size
1,321 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Hartley
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
washer/dryer hookups
big yard
covered back porches
central air conditioning
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Realty One Group Sterling
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Sep 13
Changed: Oct 31
Last Checked: Oct 30 at 2:37PM
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 Realty One Group Sterling
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1981, this 1,321-square-foot side-by-side duplex contains two remodeled residences, each with 2 bedrooms and 1 bathroom. Both units include washer/dryer hookups, separate gas and electric utilities, open living areas, updated flooring, recessed lighting, refreshed bathrooms, and kitchens with sage cabinetry, butcher block-style countertops, and stainless steel appliances.
Recent property improvements include new windows, siding, roofing, gutters, plumbing, electrical wiring and panels, two water heaters, furnaces, and central air conditioning units. One residence has a basement and the other includes a crawl space. Exterior features include a large yard, two covered rear porches, a detached two-car garage, and additional alley-accessed parking.
Recent property improvements include new windows, siding, roofing, gutters, plumbing, electrical wiring and panels, two water heaters, furnaces, and central air conditioning units. One residence has a basement and the other includes a crawl space. Exterior features include a large yard, two covered rear porches, a detached two-car garage, and additional alley-accessed parking.
Key Highlights
- Purpose‑built side‑by‑side duplex with two 2‑bedroom, 1‑bath units
- 1,321 square feet; built in 1981
- Separate gas and electric utilities for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,108
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,160
$262.2K
Cap Rate 7%
$187,257
$187.3K
Cap Rate 9%
$145,644
$145.6K
Market Conditions
NOI Build-Up for 1,321 SF
Gross rent
$19.8K $15.00/SF
− Vacancy
−$1.1K −$0.83/SF
EGI
$18.7K $14.17/SF
− OpEx
−$5.6K −$4.25/SF
NOI
$13.1K $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%
$262,160
Cap Rate 7%
$187,257
Cap Rate 9%
$145,644
Alternative Uses
Best Use
Multifamily LT 5
$187.3K
$163.9K – $218.5K
NOI $13,108 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$173.9K
$152.2K – $202.9K
NOI $12,176 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$323.9K
$283.4K – $377.8K
NOI $22,670 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
Demographics for 68503, NE
15,064
Population
6,851
Households
2.2
Avg Household Size
28
Median Age
38%
College-Educated
82%
High-School Grad
2.9 sq mi
ZIP Area
5,194
Density / Sq Mi
$50,886
Median Household Income
$27,909
Median Earnings
$974
Median Rent
$158,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer separate utilities, private laundry hookups, outdoor space, and shared access to a detached garage.
Where is this duplex located?
The property is located at 3069 T Street Lincoln, NE.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Purpose‑built side‑by‑side duplex with two 2‑bedroom, 1‑bath units; 1,321 square feet; built in 1981; Separate gas and electric utilities for each residence
