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    Duplex with Unfinished Basements Title is generated by Realmo AI

    5829-5831 Lafayette Avenue, Omaha, NE 68132

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    Claim this Listing
    For Sale
    $315,000

    DUPLEX - Omaha, NE

    Property size:
    1,980 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $159/SF
    Added:
    Jun 24, 2026
    Days on Market:
    10
    Last Refresh:
    Jul 3 at 9:06 am

    Property Features for 5829-5831 Lafayette Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Basement, Bathroom 1
    Patio and Porch features
    Porch
    Interior features
    Central Vacuum
    Exterior features
    Porch
    Standard status
    Active
    APN
    0925390000
    Size
    1,980 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    DILLONS 9TH ADD LOT 10 BLOCK 0 58 X 137
    Tax Annual Amount
    3817

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Architectural style
    Ranch

    We can help!

    Contact an agent
    Caleb Lanphear

    Listing agent Caleb Lanphear

    Listing office Nebraska Realty 17117 Burt St, Lincoln, NE

    Listing date Jun 24, 2026

    MLS# 22617806 Listing URL

    Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


    Overview

    This fully occupied duplex offers two separate residential units with functional layouts. One unit features 3 bedrooms and 1 bathroom, while the second unit features 2 bedrooms and 1 bathroom. Both living spaces provide independent functionality, and each unit includes a full unfinished basement, which can be used for storage today and offers space for future updates as desired by the owner. The property is presented for sale as a duplex structure with current tenant occupancy.

    The property is located near the Dundee and Fairacres area of Omaha, Nebraska. Showings are tenant-occupied and require 24-hour notice. The seller has indicated that the property may be purchased individually or as part of a package, with additional details available upon request.

    For investors or buyers seeking an income-producing residential asset, this duplex is positioned to deliver immediate rental income with both unit types currently occupied. The unfinished basements add flexibility for personalization or renovation planning over time, depending on the buyer’s approach. Prospective buyers should review unit performance and condition details with the listing broker, and allow for the required notice period for any interior access.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $26.6k $13.44
    − Vacancy −$1.9k −$0.96
    EGI $24.7k $12.48
    − OpEx −$7.4k −$3.74
    NOI $17.3k $8.74
    1,980 SF · lease $13.44/SF/yr · vacancy 7.12% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $247.2K
    $216.3K – $288.4K (±1% cap)
    NOI $17,302 @ 7.0% cap · market cap 5.49%
    Second Best
    Apartment 5plus
    $227.9K
    $199.5K – $265.9K (±1% cap)
    NOI $15,956 @ 7.0% cap · market cap 5.07%
    Theoretical Best
    Office A
    $520.9K
    $455.8K – $607.8K (±1% cap)
    NOI $36,465 @ 7.0% cap · market cap 11.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Department Store HVAC Service Accounting Firm Skin Care Clinic Food Market Building Supply Kitchen & Bath Showroom Auto Parts Store Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.004189
    Latitude
    41.271156

    FAQs

    What type of property is this?
    Duplex - Fully occupied duplex with separate units, 3-bed/1-bath and 2-bed/1-bath layouts, and unfinished basements for future updates.
    Where is this duplex located?
    The property is located at 5829-5831 Lafayette Avenue Omaha, NE.
    What is the asking price?
    The asking price for this property is $315,000.
    More about this property
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