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Multi-Building Apartment Conversion Portfolio
For Sale
$750,000

1111 Park Ave, Omaha, NE 68105

Three multi-unit conversion houses are offered together, with some units currently occupied and sold as-is.

Property SizeContact for details
Days on Market173

Property Features for 1111 Park Ave

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 13

Taxes and HOA fees

Annual Taxes $1,907
Listing Agency: Horst Power Realty
Listed By: Todd Walkenhorst · License #21091247
Source: Exprealty
Added: Mar 4 Changed: Aug 23 Last Checked: Aug 21 at 4:05PM

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 Horst Power Realty

Investment Insights

Based on property information with market context.

The offering consists of three separate buildings that are set up as multi-unit conversion houses, with potential to create up to 13 units. The buildings and units are in varying states of condition, with some units currently occupied. Properties are sold together and as-is, with the seller making no repairs.

The buildings are located on Park Avenue in Omaha, with all three addresses listed within one block of each other. Seller pays all utilities for the properties included in the sale.

This is an instance portfolio-style configuration centered on a clustered set of residential income buildings, presented to buyers seeking to convert and reposition across multiple structures.

Key Highlights

  • Three multi‑unit conversion houses sold together, within one block on Park Ave in Omaha
  • Potential for up to 13 units across the three properties
  • Some units are currently occupied

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Home Appliance Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

696
Businesses Nearby

Demographics for 68105, NE

22,669
Population
10,633
Households
2.1
Avg Household Size
32
Median Age
35%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
6,297
Density / Sq Mi
$53,253
Median Household Income
$36,969
Median Earnings
$1,010
Median Rent
$187,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three multi-unit conversion houses are offered together, with some units currently occupied and sold as-is.
Where is this multifamily property located?
The property is located at 1111 Park Ave Omaha, NE.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three multi‑unit conversion houses sold together, within one block on Park Ave in Omaha; Potential for up to 13 units across the three properties; Some units are currently occupied
More about this property
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