Brick Duplex with Off-Street
For Sale
$199,900
3510 A Street 1 & 2, Lincoln, NE 68510
Fully leased two-unit property with shared laundry, rear parking, and landscaped outdoor space.
Property Size1,325 SF
Price / SF$150.87
Days on Market49
Property Features for 3510 A Street 1 & 2
General Information
Standard status
Active
Size
1,325 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
laundry area
green space
Building Details
Year Built
1958
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Nebraska Realty
Listed By:
Ryan Downing
(308) 340-0581
Source:
Thatcheromaha
Added: Sep 19
Changed: Oct 25
Last Checked: Oct 7 at 5:29PM
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 Nebraska Realty
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Investment Insights
Based on property information with market context.
Built in 1958, this 1,325-square-foot brick duplex contains two one-bedroom, one-bath units, each measuring over 600 SF. Laundry facilities are located in the lower-level common area, and both apartments are currently leased to long-term occupants who wish to remain. The property provides a practical residential income configuration with a total of two units.
Alley access leads to the rear of the building, where tenant parking is available. Two of the parking spaces are paved, and the property also includes green space that can serve as a shared outdoor area. Located on A Street in Lincoln, the duplex offers an established residential setting with convenient access from the alley.
Alley access leads to the rear of the building, where tenant parking is available. Two of the parking spaces are paved, and the property also includes green space that can serve as a shared outdoor area. Located on A Street in Lincoln, the duplex offers an established residential setting with convenient access from the alley.
Key Highlights
- Two‑unit brick duplex totaling 1,325 SF
- Each unit has over 600 SF with 1 bed and 1 bath
- Fully rented to long‑term tenants who want to stay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,147
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,940
$262.9K
Cap Rate 7%
$187,814
$187.8K
Cap Rate 9%
$146,078
$146.1K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$19.9K $15.00/SF
− Vacancy
−$1.1K −$0.83/SF
EGI
$18.8K $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%
$262,940
Cap Rate 7%
$187,814
Cap Rate 9%
$146,078
Alternative Uses
Best Use
Multifamily LT 5
$187.8K
$164.3K – $219.1K
NOI $13,147 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$174.5K
$152.7K – $203.5K
NOI $12,212 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$324.8K
$284.2K – $379.0K
NOI $22,738 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
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Business Placement
Demographics for 68510, NE
20,669
Population
9,871
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,493
Density / Sq Mi
$64,183
Median Household Income
$41,632
Median Earnings
$857
Median Rent
$221,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-unit property with shared laundry, rear parking, and landscaped outdoor space.
Where is this duplex located?
The property is located at 3510 A Street 1 & 2 Lincoln, NE.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit brick duplex totaling 1,325 SF; Each unit has over 600 SF with 1 bed and 1 bath; Fully rented to long‑term tenants who want to stay
