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    Duplex with Unfinished Basements Title is generated by Realmo AI

    5833-5835 Lafayette Avenue, Omaha, NE 68132

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    For Sale
    $325,000

    DUPLEX - Omaha, NE

    Property size:
    1,980 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $164/SF
    Added:
    Jun 24, 2026
    Days on Market:
    10
    Last Refresh:
    Jul 3 at 9:06 am

    Property Features for 5833-5835 Lafayette Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 4
    Patio and Porch features
    Porch
    Exterior features
    Porch
    Standard status
    Active
    APN
    0925400000
    Size
    1,980 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

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

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Roof type
    Composition
    Architectural style
    Ranch

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    Contact an agent
    Caleb Lanphear

    Listing agent Caleb Lanphear

    Listing office Nebraska Realty 17117 Burt St, Lincoln, NE

    Listing date Jun 24, 2026

    MLS# 22617809 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.

    HighLights

    • Ranch duplex built in 1950 with porch exterior features
    • Each unit mix: 3 bed/1 bath and 2 bed/1 bath for total flexible living layouts
    • Tenet‑occupied with immediate rental income; 24‑hour notice required for showings
    • Forced‑air heating and central air cooling
    • Composition roof
    • Full unfinished basements in each duplex for added value‑add potential

    Overview

    This duplex includes functional, separate living spaces for each unit, with one side configured as a 3-bedroom, 1-bath layout and the other as a 2-bedroom, 1-bath layout. Both sides also feature full unfinished basements, offering additional space that may support future updates or storage needs. The property is currently tenant-occupied and described as fully occupied, with 24-hour notice required for all showings.

    Located in Omaha, NE 68132, the offering is positioned near the Dundee and Fairacres area, giving it convenient access to the surrounding residential and commercial environment.

    For investors or owner-operators seeking a straightforward duplex structure, the existing unit mix can support a variety of tenant household needs while maintaining separate unit living arrangements. The unfinished basement areas provide room for practical improvement planning, subject to local requirements. Properties may also be purchased individually or as part of a package. AMA.

    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 5.32%
    Second Best
    Apartment 5plus
    $227.9K
    $199.5K – $265.9K (±1% cap)
    NOI $15,956 @ 7.0% cap · market cap 4.91%
    Theoretical Best
    Office A
    $520.9K
    $455.8K – $607.8K (±1% cap)
    NOI $36,465 @ 7.0% cap · market cap 11.22%
    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
    -96.004257
    Latitude
    41.271111

    FAQs

    What type of property is this?
    Duplex - Fully occupied duplex near Dundee/Fairacres with 3-bed and 2-bed units and unfinished basements for added flexibility.
    Where is this duplex located?
    The property is located at 5833-5835 Lafayette Avenue Omaha, NE.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Ranch duplex built in 1950 with porch exterior features; Each unit mix: 3 bed/1 bath and 2 bed/1 bath for total flexible living layouts; Tenet‑occupied with immediate rental income; 24‑hour notice required for showings
    More about this property
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