1050 S 29th Street, Omaha, NE 68105
- Added:
- Jun 3, 2026
- Days on Market:
- 31
- Last Refresh:
- Jul 3 at 6:06 am
Property Features for 1050 S 29th Street
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
- Interior features
- 9'+ Ceiling, Cable Available, Ceiling Fan
- Exterior features
- Extra Parking Slab, Porch
- Appliances
- Range - Cooktop + Oven, Refrigerator
- Standard status
- Active
- APN
- 2113450000
- Size
- 2,176 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- REES PLACE LOT 29 BLOCK 0 N 1/2 33 X 140
- Tax Annual Amount
- 3274
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Flooring type
- Carpet, Vinyl
- Roof type
- Composition
- Architectural style
- Other
Listing agent Ryan Basye License #20230226 (402) 660-7929
Listing office Nebraska Realty 17117 Burt St, Lincoln, NE (402) 491-0100
Listing date Jun 3, 2026
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
- Duplex with up/down units: 1st floor 2 bed/1 bath (rented) and 2nd floor 3 bed/1 bath (vacant)
- Roof is approximately 2017, plus newer circuit breaker panels
- Updated plumbing throughout the building, with vinyl windows and vinyl siding
- HVAC with central air and forced‑air heating; washer and dryer included
- Separate utility metering: each unit has OPPD and MUD meters; water/sewer on house meter
- Parking at rear off the alley, plus a porch
Overview
The home includes rear parking accessed off an alley. Utility service is set up with OPPD and MUD meters for each unit, while water and sewer are on a house meter, supporting straightforward division of usage between tenants or occupants.
With a leased unit already in place and the second unit available, this property can fit buyers looking for an owner-occupant arrangement or an investor seeking both in-place rental income and the ability to rent or re-tenant the vacant unit. The condition and included appliances support a turn-key presentation with less immediate work required after purchase.
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 | $29.2k | $13.44 |
| − Vacancy | −$2.1k | −$0.96 |
| EGI | $27.2k | $12.48 |
| − OpEx | −$8.1k | −$3.74 |
| NOI | $19.0k | $8.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Sarpy
- State
- Nebraska
- Longitude
- -95.954834
- Latitude
- 41.249207
