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Turn-Key Duplex in Lincoln

3712 NW 51st St Lincoln, NE 68524

3712 NW 51st St, Lincoln, NE, 68524

$349,000

For Sale

$349,000

Well-maintained duplex with strong rental performance in northwest Lincoln.

Property Size2,972 SF

Price / SF$117.43

AddedNov 26, 2025

Days on Market231

Last RefreshMay 9 at 12:15 am

Property Features for 3712 NW 51st St

General Information

Standard status: Active
Size: 2,972 SF
Property subtype: Multifamily

Building Details

Year Built: 1957

Listing office Lee & Associates | Lincoln

Listing date Nov 26, 2025

Source Lee-associates

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 Lee & Associates | Lincoln

Investment Insights

Based on property information with market context.

This turn-key duplex is located in the northwest Lincoln submarket. Each side features 4 bedrooms and 2 bathrooms. Each unit provides over 1,470 square feet of living area, including daylight basements. Private yard access, patios, and decks are available for outdoor use. The property's layout and updates are designed to appeal to tenants and minimize maintenance. The property is situated in the Arnold Heights neighborhood of northwest Lincoln, offering convenience and accessibility. Residents have proximity to dining, shopping, and retail amenities, along with access to downtown Lincoln. The property is suitable for investors or owner-occupants seeking income, flexibility, and long-term value. The property offers versatility and performance. Monthly gross rents are $3,200. The property is ideal for investment or live-in/lease-out flexibility.

Key Highlights

Turn‑key duplex generating a strong $3,200 monthly rental income.
Each unit boasts 4 bedrooms and 2 bathrooms with over 1,470 square feet.
Located in the desirable Arnold Heights neighborhood, offering convenient access to amenities and downtown.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$44.6k	$15.00
− Vacancy	−$2.5k	−$0.83
EGI	$42.1k	$14.17
− OpEx	−$12.6k	−$4.25
NOI	$29.5k	$9.92

2,972 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$421.3K

$368.6K – $491.5K (±1% cap)

NOI $29,490 @ 7.0% cap · market cap 8.45%

Second Best

Apartment 5plus

$391.3K

$342.4K – $456.6K (±1% cap)

NOI $27,393 @ 7.0% cap · market cap 7.85%

Theoretical Best

Office A

$728.6K

$637.5K – $850.0K (±1% cap)

NOI $51,002 @ 7.0% cap · market cap 14.61%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
NE
Lincoln
68524
3712 NW 51st St

What type of property is this?

Duplex - Well-maintained duplex with strong rental performance in northwest Lincoln.

Where is this duplex located?

The property is located at 3712 NW 51st St Lincoln, NE.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Turn‑key duplex generating a strong $3,200 monthly rental income.; Each unit boasts 4 bedrooms and 2 bathrooms with over 1,470 square feet.; Located in the desirable Arnold Heights neighborhood, offering convenient access to amenities and downtown.