Duplex With Off-Street
For Sale
$150,000
4326 N 66th Street, Lincoln, NE 68507
Two-level layout includes a ready main-floor residence and an upper unit requiring renovation.
Property Size1,344 SF
Price / SF$111.61
Days on Market16
Property Features for 4326 N 66th Street
General Information
Standard status
Active
Size
1,344 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs renovation
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Synergy Real Estate & Dev Corp
(402) 215-7383
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 28 at 12:08PM
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 Synergy Real Estate & Dev Corp
Investment Insights
Based on property information with market context.
This up-and-down duplex contains 1,344 square feet and was built in 1915. The main-level residence has one bedroom and one bathroom and is described as move-in ready. The upstairs unit includes two bedrooms and one bathroom and requires renovation. Off-street parking accommodates three vehicles, and the sale includes the washer and dryer. The property is offered as-is.
Recent capital improvements include a new roof completed in October 2025 and a new sewer line installed in 2024. The owner pays for water and trash service. Located at 4326 N 66th Street in Lincoln, the property provides two separate residential units within a single duplex configuration.
Recent capital improvements include a new roof completed in October 2025 and a new sewer line installed in 2024. The owner pays for water and trash service. Located at 4326 N 66th Street in Lincoln, the property provides two separate residential units within a single duplex configuration.
Key Highlights
- Two‑unit up‑and‑down duplex with 1,344 square feet
- Main‑floor unit has 1 bedroom, 1 bathroom, and move‑in‑ready condition
- Upper unit offers 2 bedrooms and 1 bathroom and needs renovation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,336
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$266,720
$266.7K
Cap Rate 7%
$190,514
$190.5K
Cap Rate 9%
$148,178
$148.2K
Market Conditions
NOI Build-Up for 1,344 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.2K $15.00/SF
− Vacancy
−$1.1K −$0.83/SF
EGI
$19.1K $14.17/SF
− OpEx
−$5.7K −$4.25/SF
NOI
$13.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$266,720
Cap Rate 7%
$190,514
Cap Rate 9%
$148,178
Alternative Uses
Best Use
Multifamily LT 5
$190.5K
$166.7K – $222.3K
NOI $13,336 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,388 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$329.5K
$288.3K – $384.4K
NOI $23,064 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 68507, NE
15,680
Population
7,144
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
1,413
Density / Sq Mi
$71,194
Median Household Income
$41,335
Median Earnings
$884
Median Rent
$215,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level layout includes a ready main-floor residence and an upper unit requiring renovation.
Where is this duplex located?
The property is located at 4326 N 66th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit up‑and‑down duplex with 1,344 square feet; Main‑floor unit has 1 bedroom, 1 bathroom, and move‑in‑ready condition; Upper unit offers 2 bedrooms and 1 bathroom and needs renovation
