Updated
New
For Sale
$319,900
7108 N 39th Street, Omaha, NE 68112
RESIDENTIAL, Split Entry, Omaha, NE
Property Size2,148 SF
Lot Size0.20 Acres
Price / SF$148.93
Days on Market2
Property Features for 7108 N 39th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 5, Dining Room, Bedroom 4, Basement, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 6
Parking features
Off Street
Patio and Porch features
Deck
Interior features
Formal Dining Room
Exterior features
Deck/Balcony
Appliances
Range
Subdivision
ACRE GARDENS
Elementary school
Belvedere
Middle school
McMillan
High school
North
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Directions
GPS
Standard status
Active
APN
0500090000
Size
2,148 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ACRE GARDENS LOT 1 BLOCK 0 -EX W 133.59 FT-S75 N 120.83 FT IRREG LT 1
Tax Annual Amount
2916
Legal Description
ACRE GARDENS LOT 1 BLOCK 0 -EX W 133.59 FT-S75 N 120.83 FT IRREG LT 1
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1961
Flooring type
Tile - Ceramic, Wood
Roof type
Composition
Architectural style
Other
Listing Agency:
Better Homes and Gardens R.E. · Better Homes and Gardens Real Estate
(402) 932-5989
Listed By:
Patrick Favara · License #20190382
(402) 578-9212
Added: Oct 7
Last Checked: Oct 8 at 2:06PM
MLS# 22628986
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.
Investment Insights
Based on property information with market context.
This 2,148-square-foot duplex has an upper and lower residence, separate utility meters, and a deck. The room information lists six bedrooms and two bathrooms. Built in 1961, the property occupies a 0.2-acre lot and includes off-street parking, forced-air heat, and central air conditioning.
Updates made since 2023 include a roof, gutters, exterior paint, driveway, concrete path, and deck, along with remodeled kitchens and bathrooms in both units. Water heaters were replaced, and interior paint and flooring were refreshed. One unit is rented; the other has recently become available. The property is at 7108 N 39th Street in Omaha, Nebraska.
Updates made since 2023 include a roof, gutters, exterior paint, driveway, concrete path, and deck, along with remodeled kitchens and bathrooms in both units. Water heaters were replaced, and interior paint and flooring were refreshed. One unit is rented; the other has recently become available. The property is at 7108 N 39th Street in Omaha, Nebraska.
Key Highlights
- Two‑level duplex with 2,148 square feet on a 0.2‑acre lot
- Separate utility meters for each unit
- One residence is rented; the other was recently vacated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,770
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,400
$375.4K
Cap Rate 7%
$268,143
$268.1K
Cap Rate 9%
$208,556
$208.6K
Market Conditions
NOI Build-Up for 2,148 SF
Gross rent
$28.9K $13.44/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$26.8K $12.48/SF
− OpEx
−$8.0K −$3.74/SF
NOI
$18.8K $8.74/SF
Area
Omaha, NE
Vacancy
7.12%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,400
Cap Rate 7%
$268,143
Cap Rate 9%
$208,556
Alternative Uses
Best Use
Multifamily LT 5
$268.1K
$234.6K – $312.8K
NOI $18,770 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$247.3K
$216.4K – $288.5K
NOI $17,310 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$565.1K
$494.5K – $659.3K
NOI $39,559 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 68112, NE
11,095
Population
4,560
Households
2.4
Avg Household Size
37
Median Age
25%
College-Educated
87%
High-School Grad
18.1 sq mi
ZIP Area
613
Density / Sq Mi
$57,692
Median Household Income
$39,592
Median Earnings
$1,123
Median Rent
$139,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters serve each residence, with one currently occupied and the other recently vacated.
Where is this duplex located?
The property is located at 7108 N 39th Street Omaha, NE.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two‑level duplex with 2,148 square feet on a 0.2‑acre lot; Separate utility meters for each unit; One residence is rented; the other was recently vacated
