Remodeled Duplex with Attached
For Sale
$480,000
7229 & 7225 Dorchester Court, Lincoln, NE 68521
Side-by-side townhome units offer updated interiors, private composite decks, and convenient access to schools, shopping, trails, and I-80.
Property Size3,594 SF
Price / SF$133.56
Days on Market37
Property Features for 7229 & 7225 Dorchester Court
General Information
Standard status
Active
Size
3,594 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Parking per Unit
2
Amenities
composite decks
main level laundry
Building Details
Year Built
2005
Year Renovated
2025
Listing Agency:
Synergy Real Estate & Dev Corp
(402) 215-7383
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 29 at 9:03AM
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 duplex comprises two side-by-side townhome units totaling 3,594 square feet. Each residence includes 3 bedrooms, 3 bathrooms, main-level laundry, and an attached 2-stall garage. The interiors were remodeled in 2025, while composite decks were added to provide outdoor space for each unit. The property also has an IR3 roof installed in 2021.
One unit is currently rented, and the townhome layout supports both continued rental use and owner occupancy within the property. The address is near schools, shopping, the Stonebridge biking trail, and I-80, providing access to nearby daily conveniences and regional travel routes.
One unit is currently rented, and the townhome layout supports both continued rental use and owner occupancy within the property. The address is near schools, shopping, the Stonebridge biking trail, and I-80, providing access to nearby daily conveniences and regional travel routes.
Key Highlights
- Two side‑by‑side townhome units totaling 3,594 square feet
- Each unit has 3 bedrooms and 3 bathrooms
- Remodeled in 2025 with new composite decks
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
$35,661
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
7.43%
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%
$713,220
$713.2K
Cap Rate 7%
$509,443
$509.4K
Cap Rate 9%
$396,233
$396.2K
Market Conditions
NOI Build-Up for 3,594 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
$53.9K $15.00/SF
− Vacancy
−$3.0K −$0.83/SF
EGI
$50.9K $14.17/SF
− OpEx
−$15.3K −$4.25/SF
NOI
$35.7K $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 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%
$713,220
Cap Rate 7%
$509,443
Cap Rate 9%
$396,233
Alternative Uses
Best Use
Multifamily LT 5
$509.4K
$445.8K – $594.4K
NOI $35,661 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$473.2K
$414.1K – $552.1K
NOI $33,126 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$881.1K
$771.0K – $1.03M
NOI $61,676 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
106
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
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 - Side-by-side townhome units offer updated interiors, private composite decks, and convenient access to schools, shopping, trails, and I-80.
Where is this duplex located?
The property is located at 7229 & 7225 Dorchester Court Lincoln, NE.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two side‑by‑side townhome units totaling 3,594 square feet; Each unit has 3 bedrooms and 3 bathrooms; Remodeled in 2025 with new composite decks
