Walkout Duplex with Attached
For Sale
$339,000
5605 5605-5607 Salt Valley View St, Lincoln, NE 68512
Each residence features a three-bedroom, two-bath layout with an attached garage.
Property Size3,200 SF
Price / SF$105.94
Days on Market49
Property Features for 5605 5605-5607 Salt Valley View St
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Salt Valley View
Highway Access
Yes
Units
Unit Mix
2 x 3bd/2ba
Multifamily Units
2
Building Details
Year Built
1990
Buildings
1
Construction
brick & frame
Listing Agency:
Performance Property Mgmt
Listed By:
Jon Rademacher · License #L3179
(402) 416-8582
Source:
Thatcheromaha
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 2:25PM
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 Performance Property Mgmt
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1990, this brick-and-frame walkout duplex contains two residential sides, each configured with 3 bedrooms and 2 bathrooms. Both units include a single-stall attached garage. Fresh flooring and paint have been completed throughout the 5607 unit, providing updated interior finishes within the existing structure.
The property is located in south Lincoln with walking access to Filbert Park. Highway 77 and SouthPointe Mall are also readily accessible, adding convenient connections to nearby recreation, retail, and major transportation routes.
The property is located in south Lincoln with walking access to Filbert Park. Highway 77 and SouthPointe Mall are also readily accessible, adding convenient connections to nearby recreation, retail, and major transportation routes.
Key Highlights
- Brick‑and‑frame walkout duplex built in 1990
- Each side includes 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence features a three-bedroom, two-bath layout with an attached garage.
Where is this duplex located?
The property is located at 5605 5605-5607 Salt Valley View St 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: Brick‑and‑frame walkout duplex built in 1990; Each side includes 3 bedrooms and 2 bathrooms; Single‑stall attached garage for each unit
