Walkout Duplex with Attached
For Sale
$339,000
5605-5607 Salt Valley View Street, Lincoln, NE 68512
Brick-and-frame income property offers two three-bedroom residences with private garage parking and refreshed interiors.
Property Size3,200 SF
Price / SF$105.94
Days on Market13
Property Features for 5605-5607 Salt Valley View Street
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3bd/2ba
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1990
Buildings
1
Construction
brick & frame
Listing Agency:
Synergy Real Estate & Dev Corp
(402) 215-7383
Listed By:
All Metro Real Estate Group · License #L3179
(402) 215-7383
Source:
Homesforsaleomaha
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 10:16AM
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 3,200-square-foot walkout duplex contains two residences, with each side configured as three bedrooms and two bathrooms. Both units include a single-stall attached garage, while the building combines brick and frame construction. Fresh flooring and paint are noted within the 5607 unit.
The property is located on Salt Valley View Street in south Lincoln, with Filbert Park within walking distance. Highway 77 and SouthPointe Mall are also identified as nearby access and destination points.
The property is located on Salt Valley View Street in south Lincoln, with Filbert Park within walking distance. Highway 77 and SouthPointe Mall are also identified as nearby access and destination points.
Key Highlights
- 3,200‑square‑foot walkout duplex
- Two sides, each with 3 bedrooms and 2 bathrooms
- Single‑stall attached garage for each unit
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
$29,494
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
8.70%
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%
$589,880
$589.9K
Cap Rate 7%
$421,343
$421.3K
Cap Rate 9%
$327,711
$327.7K
Market Conditions
NOI Build-Up for 3,200 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
$56.4K $17.64/SF
− Vacancy
−$2.8K −$0.88/SF
EGI
$53.6K $16.76/SF
− OpEx
−$24.1K −$7.54/SF
NOI
$29.5K $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 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%
$589,880
Cap Rate 7%
$421,343
Cap Rate 9%
$327,711
Alternative Uses
Best Use
Multifamily LT 5
$453.6K
$396.9K – $529.2K
NOI $31,752 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$421.3K
$368.7K – $491.6K
NOI $29,494 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$784.5K
$686.4K – $915.3K
NOI $54,915 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 68512, NE
13,492
Population
5,898
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
98%
High-School Grad
9.1 sq mi
ZIP Area
1,483
Density / Sq Mi
$101,828
Median Household Income
$54,503
Median Earnings
$1,242
Median Rent
$295,900
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 - Brick-and-frame income property offers two three-bedroom residences with private garage parking and refreshed interiors.
Where is this duplex located?
The property is located at 5605-5607 Salt Valley View Street Lincoln, NE.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 3,200‑square‑foot walkout duplex; Two sides, each with 3 bedrooms and 2 bathrooms; Single‑stall attached garage for each unit
