All-Brick Side-by-Side
For Sale
$345,000
4500 4500/4502 N 66th St, Lincoln, NE 68507
Two matching residences each include three bedrooms, a fireplace, laundry, and access to a detached garage.
Property Size3,304 SF
Price / SF$104.42
Days on Market49
Property Features for 4500 4500/4502 N 66th St
General Information
Standard status
Active
Size
3,304 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1975
Construction
brick
Listing Agency:
Nest Real Estate, LLC
Listed By:
Kristi Reins
(402) 580-4791
Source:
Thatcheromaha
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 7 at 4:22PM
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 Nest Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 3,304-square-foot duplex, built in 1975, features two side-by-side residences with matching layouts. Each unit includes a main-level living room with fireplace, two bedrooms, a full bathroom, kitchen, and informal dining area. The basement adds a third bedroom, family room, storage, and laundry space. The all-brick property also includes a detached three-stall garage and off-street parking.
Set on a corner lot in Lincoln’s Havelock neighborhood, the property is near shopping, schools, everyday amenities, and interstate access. The mirrored floor plans provide consistent residential configurations across both units, while the lower-level rooms expand each residence beyond its main-floor layout.
Set on a corner lot in Lincoln’s Havelock neighborhood, the property is near shopping, schools, everyday amenities, and interstate access. The mirrored floor plans provide consistent residential configurations across both units, while the lower-level rooms expand each residence beyond its main-floor layout.
Key Highlights
- 3,304 SF duplex built in 1975
- Two side‑by‑side units with matching layouts
- Each unit includes 3 bedrooms and a basement family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,453
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,060
$609.1K
Cap Rate 7%
$435,043
$435.0K
Cap Rate 9%
$338,367
$338.4K
Market Conditions
NOI Build-Up for 3,304 SF
Gross rent
$58.3K $17.64/SF
− Vacancy
−$2.9K −$0.88/SF
EGI
$55.4K $16.76/SF
− OpEx
−$24.9K −$7.54/SF
NOI
$30.5K $9.22/SF
Area
Lincoln, NE
Vacancy
5.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,060
Cap Rate 7%
$435,043
Cap Rate 9%
$338,367
Alternative Uses
Best Use
Multifamily LT 5
$468.3K
$409.8K – $546.4K
NOI $32,784 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$435.0K
$380.7K – $507.6K
NOI $30,453 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$810.0K
$708.8K – $945.0K
NOI $56,700 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
388
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
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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 - Two matching residences each include three bedrooms, a fireplace, laundry, and access to a detached garage.
Where is this duplex located?
The property is located at 4500 4500/4502 N 66th St Lincoln, NE.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 3,304 SF duplex built in 1975; Two side‑by‑side units with matching layouts; Each unit includes 3 bedrooms and a basement family room
