Walkout Duplex with Attached
New
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 Market3
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
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:
Performance Property Mgmt
Listed By:
Jon Rademacher · License #L3179
(402) 416-8582
Source:
Thatcheromaha
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 3:11PM
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 Performance Property Mgmt
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 = 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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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
