Split-Foyer Duplex With
For Sale
$375,000
808 Peach Street, Lincoln, NE 68502
Fully leased income property near Downtown Lincoln and the UNL Campus.
Property Size3,070 SF
Days on Market59
Property Features for 808 Peach Street
General Information
Standard status
Active
Size
3,070 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,826
Building Details
Building Size
3,070 SF
Year Built
1997
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
HOME Real Estate
(402) 326-4921
Listed By:
Andie Young
(402) 326-4921
Source:
Burrowstracts
Added: Jun 10
Changed: Aug 5
Last Checked: Aug 6 at 12:25PM
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 HOME Real Estate
Investment Insights
Based on property information with market context.
Located at 808 Peach Street, this 1997 split-foyer duplex provides two separate residential sides. Each unit includes four bedrooms, two bathrooms, a living area, kitchen and dining space, plus its own laundry. A shared two-car garage serves the property, and the building is currently occupied under full lease-up.
The duplex sits minutes from Downtown Lincoln and the UNL Campus, placing residents near two established activity centers. Its unit configuration, separate laundry areas and shared garage create a practical setup for continued residential leasing.
The duplex sits minutes from Downtown Lincoln and the UNL Campus, placing residents near two established activity centers. Its unit configuration, separate laundry areas and shared garage create a practical setup for continued residential leasing.
Key Highlights
- Two‑unit split‑foyer duplex at 808 Peach Street
- Each side includes 4 bedrooms and 2 baths
- Both units have private laundry areas
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
$30,462
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
8.12%
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%
$609,240
$609.2K
Cap Rate 7%
$435,171
$435.2K
Cap Rate 9%
$338,467
$338.5K
Market Conditions
NOI Build-Up for 3,070 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
$46.1K $15.00/SF
− Vacancy
−$2.5K −$0.83/SF
EGI
$43.5K $14.17/SF
− OpEx
−$13.1K −$4.25/SF
NOI
$30.5K $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%
$609,240
Cap Rate 7%
$435,171
Cap Rate 9%
$338,467
Alternative Uses
Best Use
Multifamily LT 5
$435.2K
$380.8K – $507.7K
NOI $30,462 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$404.2K
$353.7K – $471.6K
NOI $28,296 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$752.6K
$658.6K – $878.1K
NOI $52,684 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 68502, NE
27,238
Population
11,936
Households
2.3
Avg Household Size
36
Median Age
39%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
4,065
Density / Sq Mi
$65,825
Median Household Income
$39,168
Median Earnings
$812
Median Rent
$220,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased income property near Downtown Lincoln and the UNL Campus.
Where is this duplex located?
The property is located at 808 Peach Street Lincoln, NE.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit split‑foyer duplex at 808 Peach Street; Each side includes 4 bedrooms and 2 baths; Both units have private laundry areas
