12-Unit Apartment
108 S 49th Avenue, Omaha, NE 68132
For Sale
$1,600,000
Twelve townhomes offer three-level layouts with private laundry in each residence.
Property Size15,176 SF
Days on Market53
Property Features for 108 S 49th Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
in-unit laundry
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Oak Investment Real Estate
Listed By:
Colten Adams · License NE #20210795
(402) 394-7300
Source:
Commercialcafe
Added: Sep 21
Changed: Nov 6
Last Checked: Nov 10 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oak Investment Real Estate
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Investment Insights
Based on property information with market context.
Casa Linda is a 12-unit apartment building comprising townhome-style residences, each arranged across three stacked floors. The property was built in 1941, and individual homes range from 1,330 to 1,749 square feet. In-unit laundry is provided throughout the community.
Located at 108 S 49th Avenue in Omaha, Nebraska, the property is identified as Casa Linda and offers a residential income configuration with multiple townhome residences.
Located at 108 S 49th Avenue in Omaha, Nebraska, the property is identified as Casa Linda and offers a residential income configuration with multiple townhome residences.
Key Highlights
- 12 townhome units
- Each residence spans 3 stacked floors
- Floorplans range from 1,330 to 1,749 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,297
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,940
$2.4M
Cap Rate 7%
$1,747,100
$1.7M
Cap Rate 9%
$1,358,856
$1.4M
Market Conditions
NOI Build-Up for 15,176 SF
Gross rent
$240.4K $15.84/SF
− Vacancy
−$18.0K −$1.19/SF
EGI
$222.4K $14.65/SF
− OpEx
−$100.1K −$6.59/SF
NOI
$122.3K $8.06/SF
Area
Omaha, NE
Vacancy
7.50%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,940
Cap Rate 7%
$1,747,100
Cap Rate 9%
$1,358,856
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,297 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,491 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
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Business Placement
Demographics for 68132, NE
13,729
Population
6,856
Households
2
Avg Household Size
35
Median Age
63%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,280
Density / Sq Mi
$81,556
Median Household Income
$51,430
Median Earnings
$979
Median Rent
$324,600
Median Home Value
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Market
Properties on Market for Apartment buildings in Omaha
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve townhomes offer three-level layouts with private laundry in each residence.
Where is this apartment building located?
The property is located at 108 S 49th Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 12 townhome units; Each residence spans 3 stacked floors; Floorplans range from 1,330 to 1,749 SF
