Walkout Duplex with Attached
For Sale
$339,000
Pending
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
Days on Market62
Property Features for 5605-5607 Salt Valley View Street
General Information
Standard status
Pending
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:
Exp Realty LLC
(402) 305-4031
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Aug 17
Changed: Oct 16
Last Checked: Oct 16 at 8:58AM
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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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$29,494
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
