Side-by-Side Duplex with
For Sale
$490,000
Pending
3800 Pace Boulevard, Lincoln, NE 68502
Tenant-occupied property with two-bedroom layouts and attached parking for each residence.
Property Size2,914 SF
Days on Market86
Property Features for 3800 Pace Boulevard
General Information
Standard status
Pending
Size
2,914 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Exp Realty LLC
(402) 305-4031
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Jul 24
Changed: Oct 16
Last Checked: Oct 16 at 8:43AM
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 Exp Realty LLC
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two separate residences within 2,914 square feet. Each unit offers 2 bedrooms, 2 bathrooms, and an attached 2-stall garage, providing dedicated parking and additional storage. The property was built in 1960 and is currently tenant occupied.
Located in Lincoln, the duplex is near shopping, dining, parks, schools, and major roadways. The two-unit configuration and individual garages provide a straightforward residential income property format.
Located in Lincoln, the duplex is near shopping, dining, parks, schools, and major roadways. The two-unit configuration and individual garages provide a straightforward residential income property format.
Key Highlights
- Two‑unit side‑by‑side duplex totaling 2,914 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- Attached 2‑stall garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,914
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,280
$578.3K
Cap Rate 7%
$413,057
$413.1K
Cap Rate 9%
$321,267
$321.3K
Market Conditions
NOI Build-Up for 2,914 SF
Gross rent
$43.7K $15.00/SF
− Vacancy
−$2.4K −$0.83/SF
EGI
$41.3K $14.17/SF
− OpEx
−$12.4K −$4.25/SF
NOI
$28.9K $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%
$578,280
Cap Rate 7%
$413,057
Cap Rate 9%
$321,267
Alternative Uses
Best Use
Multifamily LT 5
$413.1K
$361.4K – $481.9K
NOI $28,914 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$383.7K
$335.7K – $447.6K
NOI $26,858 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$714.4K
$625.1K – $833.5K
NOI $50,007 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 68502, NE
27,238
Population
11,936
Households
2.3
Avg Household Size
36
Median Age
39%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
4,065
Density / Sq Mi
$65,825
Median Household Income
$39,168
Median Earnings
$812
Median Rent
$220,500
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 - Tenant-occupied property with two-bedroom layouts and attached parking for each residence.
Where is this duplex located?
The property is located at 3800 Pace Boulevard Lincoln, NE.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex totaling 2,914 square feet; Each unit includes 2 bedrooms and 2 bathrooms; Attached 2‑stall garage for each residence
