1102-1108 N L St · Fremont, NE 68025-9999

$395,000

16 bd · 16.0 ba · 1,944 sqft · MultiFamily · 15 Days on market

Built 1940 Fair condition 0.32 ac lot $203/sqft · 107% above area

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.2/30.0
• DSCR +8.3/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Appreciation +5.0/10.0
• Livability +3.8/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks

Turnkey Gem in Fremont! Established Turnkey Mid-Term fourplex is a Rental Success! Welcome to a beautifully maintained fourplex designed with both comfort and functionality in mind. Each of the four one-bedroom, one-bathroom units comes fully furnished, offering a welcoming retreat for guests, reflected in the property's impressive 32-night average stay. Recent updates, including a new driveway and newer windows. Easy maintenance ensures this property is move-in ready for the next owner. With convenient off-street parking for six cars, common-area laundry, and a separate long-term income-generating garage, every detail has been managed for maximum efficiency. Experience the perfect blend o

Key facts

• Turnkey fourplex
• Common-area laundry
• New driveway

Tags

• TURNKEY FOURPLEX
• FULLY FURNISHED UNITS
• NEW DRIVEWAY
• NEWER WINDOWS
• OFF-STREET PARKING
• COMMON-AREA LAUNDRY

Property features AI

Finance

• Financial info: Property listed as residential income with four units

Exterior

• Parking: Detached covered garage with 2 covered spaces; Total parking for 5 vehicles
• Utilities: Public water; Public sewer
• Home design: Residential income property — multi-family; Not new / not a model; Living area about 1,944 square feet; Built in 1940
• Construction: Brick or other exterior construction; Block foundation; Composition roof
• Exterior features: Front porch; Level lot; Lot dimensions approximately 100 x 140; Lot is about 0.3214 acre (over 1/4 up to 1/2 acre)

Interior

• Kitchen: Each unit includes range (cooktop + oven), refrigerator, and microwave
• Bedrooms: Total rooms: 12
• Bathrooms: Four full bathrooms
• Heating & cooling: Forced air heating (each unit); Natural gas heating fuel; Wind air cooling in each unit; Four A/C units
• Interior features: Four furnaces; No basement
• Laundry & utility: Five electrical meters; One gas meter

What this means for you Summary

Snapshot

• This is a 4 × 1-bed/1-bath units multifamily listed at $395k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $888 ($11k/yr) — positive. Per door: $222/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $395k).
• Recommended offer: $389k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 3.3% in Fremont — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#92 in NE, #3,751 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, commute F.
• Fremont Public Schools (town): math 34% / reading 36% proficiency, ranked #103 of 111 in NE (top 93%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Linden Elementary School (math 47% / reading 37%, grade F, #319 of 502 statewide, top 68%, 355 students, 79% FRL); Fremont Middle School (math 38% / reading 40%, grade F, #95 of 128 statewide, top 76%, 744 students, 66% FRL); Fremont Senior High School (math 42% / reading 48%, grade D-, #145 of 261 statewide, top 55%, 1,633 students, 55% FRL) — zoned schools average 67% FRL vs 46% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 1 active listings in the ZIP; 82 units permitted in Dodge County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($3k loan paydown + $12k appreciation (3.0% local appreciation)).
• At projected returns (3.0% appreciation + 3.0% rent growth), your $111k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($389k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $230k; list at $395k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $389,075 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 8.99%
• Cash-on-cash: 9.64%
• DSCR: 1.43
• GRM: 7.2

CMA / ARV

• ARV (median comp): $191,244
• List price: $395,000
• Delta: 109.16%
• Verdict: OVERPRICED
• Comps: 12 within 1.0 mi

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.5%
• Equity multiple: 1.94×
• Total profit: $104,238
• Equity at exit: $177,609

10-year hold

• IRR: 18.1%
• Equity multiple: 3.64×
• Total profit: $291,932
• Equity at exit: $273,717

Cash invested: $110,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Nebraska: 83 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempted; moderate court pace.

Methodology + full state rankings →

ZIP-level market 68025-9999

• Active inventory: 1
• Price-to-rent: 28.7×

Monthly cashflow live

• Estimated rent: $4,580 medium
• Mortgage (P&I): −$2,071
• Tax est. 1.5%: −$494 /mo · $5,925/yr
• Insurance: −$165
• HOA: −$0
• Vacancy / Maint / Mgmt: −$962
• Net cashflow: $888

Break-even live

Break-even rent $3,455

Max offer price $395,000

Occupancy floor 76%

Sensitivity live

Price	-10% $1,161	-5% $1,025	+0% $888	+5% $752	+10% $615
Rent	-10% $527	-5% $708	+0% $888	+5% $1,069	+10% $1,250
Rate	-1.0pp $1,087	-0.5pp $989	base $888	+0.5pp $786	+1.0pp $682

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	1	1	$4,580
Total (4 units)			$4,580

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $98,750
• Closing costs: $11,850
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-19
   days on market $395,000 Active 15 DOM
2. 2026-06-18
   days on market $395,000 Active 14 DOM
3. 2026-06-17
   days on market $395,000 Active 13 DOM
4. 2026-06-16
   days on market $395,000 Active 12 DOM
5. 2026-06-15
   days on market $395,000 Active 11 DOM
6. 2026-06-14
   days on market $395,000 Active 9 DOM
7. 2026-06-12
   days on market $395,000 Active 8 DOM
8. 2026-06-09
   statusdays on market $395,000 Active 5 DOM
9. 2026-06-08
   days on market $395,000 New 4 DOM
10. 2026-06-07
    days on market $395,000 New 3 DOM
11. 2026-06-05
    pricestatusdays on marketlisting id $395,000 New 1 DOM
12. 2026-06-03
    days on market $400,000 Active 61 DOM
13. 2026-06-02
    days on market $400,000 Active 60 DOM
14. 2026-06-01
    days on market $400,000 Active 59 DOM
15. 2026-05-31
    days on market $400,000 Active 58 DOM
16. 2026-05-30
    days on market $400,000 Active 57 DOM
17. 2026-04-03
    listed $400,000 New 746-char remark
18. 2026-04-01
    historical
19. 2026-02-28
    status Back On Market
20. 2026-01-29
    status Pending
21. 2025-11-28
    price $450,000
22. 2025-10-24
    listed $475,000 New
23. 2019-06-10
    soldstatus $229,900 Sold
24. 2019-05-22
    status Pending
25. 2019-05-15
    listed $229,900 Active - New
26. 2016-02-29
    soldstatus $127,000 Sold
27. 2016-02-01
    status Pending
28. 2015-12-07
    listed $133,000 Active - New
29. 2015-11-29
    historical
30. 2015-10-23
    price $133,000
31. 2015-03-05
    listed $138,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (shaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,960
• − Mortgage interest: −$22,126
• − Property taxes: −$5,925
• − Insurance: −$1,975
• − Repairs & maintenance: −$4,397
• − Management: −$4,397
• − Depreciation: −$11,491
• Taxable income: $4,649
• Est. tax owed @ 24.0%: −$1,116
• After-tax cash flow: $9,545/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 1 photo

Fair 45/100 Moderate rehab

This fourplex requires significant exterior and interior renovations to improve its condition and value. Immediate repairs and updates are needed to make it move-in ready.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Major paint — Peeling and discoloration
• Major flooring — Worn and uneven
• Major interior walls — Peeling paint and discoloration
• Major kitchen and bathrooms — Obscured by clutter

Value-add opportunities

• Both exterior renovation — Enhances curb appeal and rental value
• Both interior updates — Improves comfort and rental appeal
• Both kitchen and bathroom updates — Modernizes spaces and enhances rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
paint · Peeling and discoloration	Major	$15,000–50,000
flooring · Worn and uneven	Major	$15,000–50,000
interior walls · Peeling paint and discoloration	Major	$15,000–50,000
kitchen and bathrooms · Obscured by clutter	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both exterior renovation — Enhances curb appeal and rental value ↑
• Both interior updates — Improves comfort and rental appeal ↑
• Both kitchen and bathroom updates — Modernizes spaces and enhances rental value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Fremont Public Schools
• NCES district ID: 3170710
• Math proficiency: 34% ▼ -8.00%
• Reading proficiency: 36% ▲ 1.00%
• Median HH income: $47,111
• Composite: 30.07/100
• National rank: #6347
• State rank: #103 of 111 in NE

Livability — Fremont

• Score: 76/100
• State rank: #92
• US rank: #3751

Category grades

Amenities B Commute F Cost of living A+ Crime B Employment D+ Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fremont, NE

Population outlook (Dodge County) Hauer SSP2

• Today (2025): 37,191 people
• By 2030: 37,238 · +0.1%
• By 2040: 37,256 · +0.2%
• By 2050: 37,494 · +0.8%
• By 2075: 39,165 · +5.3%
• By 2100: 40,221 · +8.1%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 0.68%
• F500 in state: 2

Industry mix (Fortune 500 HQ in NE)

Industry	F500 HQs	Revenue
▸Conglomerate	1	$371B

Price history

+186.2% since first listed

17 events — show timeline

• 2026-06-04 Listing Removed — GPRMLS
• 2026-06-04 Listed $395,000 GPRMLS
• 2026-04-03 Listed $400,000 GPRMLS
• 2026-04-01 Listing Removed — GPRMLS
• 2026-02-28 Relisted — GPRMLS
• 2026-01-29 Pending — GPRMLS
• 2025-11-28 Price Changed $450,000 GPRMLS
• 2025-10-24 Listed $475,000 GPRMLS
• 2019-06-10 Sold (MLS) $229,900 GPRMLS
• 2019-05-22 Pending — GPRMLS
• 2019-05-15 Listed $229,900 GPRMLS
• 2016-02-29 Sold (MLS) $127,000 GPRMLS
• 2016-02-01 Pending — GPRMLS
• 2015-12-07 Listed $133,000 GPRMLS
• 2015-11-29 Listing Removed — GPRMLS
• 2015-10-23 Price Changed $133,000 GPRMLS
• 2015-03-05 Listed $138,000 GPRMLS