Two-Story
For Sale
$230,000
5111 Walker Avenue, Lincoln, NE 68504
Separate kitchens and full bathrooms on both levels support the existing duplex layout.
Property Size1,797 SF
Price / SF$127.99
Days on Market162
Property Features for 5111 Walker Avenue
General Information
Standard status
Active
Size
1,797 SF
Property subtype
Duplex
Site & Location
Neighborhood
University Place
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,903
Building Details
Building Size
1,797 SF
Year Built
1910
Listing Agency:
BHHS Ambassador Real Estate
(402) 466-3748
Listed By:
Elizabeth Haney
(402) 617-2279
Source:
Avid-realty
Added: May 19
Changed: Oct 26
Last Checked: Oct 26 at 2:11PM
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 BHHS Ambassador Real Estate
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Investment Insights
Based on property information with market context.
This 1,797-square-foot duplex, built in 1910, has one bedroom on the main floor and three upstairs. Each level includes a kitchen and a full bathroom, creating two distinct living areas. Parking is available off the alley.
The property is within walking distance of Nebraska Wesleyan University in Lincoln, Nebraska.
The property is within walking distance of Nebraska Wesleyan University in Lincoln, Nebraska.
Key Highlights
- 1,797‑square‑foot duplex built in 1910
- One bedroom on the main floor and three upstairs
- A kitchen and full bathroom on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,831
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,620
$356.6K
Cap Rate 7%
$254,729
$254.7K
Cap Rate 9%
$198,122
$198.1K
Market Conditions
NOI Build-Up for 1,797 SF
Gross rent
$27.0K $15.00/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$25.5K $14.17/SF
− OpEx
−$7.6K −$4.25/SF
NOI
$17.8K $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%
$356,620
Cap Rate 7%
$254,729
Cap Rate 9%
$198,122
Alternative Uses
Best Use
Multifamily LT 5
$254.7K
$222.9K – $297.2K
NOI $17,831 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$236.6K
$207.0K – $276.1K
NOI $16,563 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$440.5K
$385.5K – $514.0K
NOI $30,838 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 68504, NE
17,155
Population
8,793
Households
2
Avg Household Size
31
Median Age
33%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
2,451
Density / Sq Mi
$52,159
Median Household Income
$32,787
Median Earnings
$1,014
Median Rent
$169,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and full bathrooms on both levels support the existing duplex layout.
Where is this duplex located?
The property is located at 5111 Walker Avenue Lincoln, NE.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,797‑square‑foot duplex built in 1910; One bedroom on the main floor and three upstairs; A kitchen and full bathroom on each floor
