8-Bedroom
For Sale
$573,900
Pending
6661 Grays Peak Court, Lincoln, NE 68521
Four garage spaces accompany two basement bedrooms and a family room on each side.
Property Size2,250 SF
Days on Market14
Property Features for 6661 Grays Peak Court
General Information
Standard status
Pending
Size
2,250 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/3BA
Multifamily Units
2
Building Details
Year Built
2010
Buildings
1
Listing Agency:
BHHS Ambassador Real Estate
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Oct 4
Changed: Oct 16
Last Checked: Oct 16 at 8:16AM
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 BHHS Ambassador Real Estate
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Investment Insights
Based on property information with market context.
This 2,250-square-foot duplex, built in 2010, contains eight bedrooms and six bathrooms across its two residences. Each side has two bedrooms and two full bathrooms on the main level, along with an open kitchen and dining area and a large living room. The basement adds two bedrooms, another full bathroom, a family room, and a laundry area to each side.
The property sits on a private lot at the end of a cul-de-sac in North Lincoln. Four garage spaces serve the duplex.
The property sits on a private lot at the end of a cul-de-sac in North Lincoln. Four garage spaces serve the duplex.
Key Highlights
- Eight bedrooms and six bathrooms across the duplex
- 2,250 square feet; built in 2010
- Each side has two main‑level bedrooms, an open kitchen and dining area, and a living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,326
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,520
$446.5K
Cap Rate 7%
$318,943
$318.9K
Cap Rate 9%
$248,067
$248.1K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$33.8K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$31.9K $14.17/SF
− OpEx
−$9.6K −$4.25/SF
NOI
$22.3K $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%
$446,520
Cap Rate 7%
$318,943
Cap Rate 9%
$248,067
Alternative Uses
Best Use
Multifamily LT 5
$318.9K
$279.1K – $372.1K
NOI $22,326 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$296.3K
$259.2K – $345.6K
NOI $20,738 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$551.6K
$482.7K – $643.5K
NOI $38,612 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 68521, NE
37,251
Population
15,657
Households
2.4
Avg Household Size
31
Median Age
32%
College-Educated
88%
High-School Grad
13.2 sq mi
ZIP Area
2,822
Density / Sq Mi
$66,902
Median Household Income
$38,755
Median Earnings
$1,196
Median Rent
$235,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Four garage spaces accompany two basement bedrooms and a family room on each side.
Where is this duplex located?
The property is located at 6661 Grays Peak Court Lincoln, NE.
What is the asking price?
The asking price for this property is $573,900.
What are key features of this property?
This property features: Eight bedrooms and six bathrooms across the duplex; 2,250 square feet; built in 2010; Each side has two main‑level bedrooms, an open kitchen and dining area, and a living room
