Ranch Duplex with Detached
321-323 N 35th Street, Lincoln, NE 68503
For Sale
New
$355,000
RESIDENTIAL, 1.0 Story/Ranch, Lincoln, NE
Property Size2,640 SF
Lot Size0.16 Acres
Price / SF$134.47
Days on Market3
Property Features for 321-323 N 35th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Fencing
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
in-unit laundry hookups
fenced yard
Building Details
Year built
Floors in Building
Architectural style
Buildings
Listing Agency:
Coldwell Banker NHS R E
(402) 489-9071
Listed By:
Jamar Hudson
(308) 383-4694
Added: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 22632328
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.
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Investment Insights
Based on property information with market context.
This 1964 ranch-style duplex contains 2,640 square feet across two units, each configured with four bedrooms and two bathrooms. Two bedrooms and one bathroom are on the main floor, with two additional bedrooms and one bathroom in each finished basement. Both residences have laundry hookups, and the property includes forced-air heating, central air, a fenced yard, patio, and detached two-stall garage. The units are vacant.
The property is near the University of Nebraska in Lincoln. Alley access and off-street parking complement the garage. The parcel measures 0.16 acres.
The property is near the University of Nebraska in Lincoln. Alley access and off-street parking complement the garage. The parcel measures 0.16 acres.
Key Highlights
- Two units, each with 4 bedrooms and 2 bathrooms
- 2,640 square feet on a 0.16‑acre parcel
- Finished basement in each unit, with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,195
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,900
$523.9K
Cap Rate 7%
$374,214
$374.2K
Cap Rate 9%
$291,056
$291.1K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$39.6K $15.00/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$37.4K $14.17/SF
− OpEx
−$11.2K −$4.25/SF
NOI
$26.2K $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%
$523,900
Cap Rate 7%
$374,214
Cap Rate 9%
$291,056
Alternative Uses
Best Use
Multifamily LT 5
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$347.6K
$304.2K – $405.6K
NOI $24,333 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$647.2K
$566.3K – $755.1K
NOI $45,305 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
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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
$158,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lincoln, NE
Properties on Market for Duplexes in Lincoln
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences provide matching four-bedroom layouts with finished lower-level space and in-unit laundry hookups.
Where is this duplex located?
The property is located at 321-323 N 35th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Two units, each with 4 bedrooms and 2 bathrooms; 2,640 square feet on a 0.16‑acre parcel; Finished basement in each unit, with 2 bedrooms and 1 bathroom
