Omaha Apartments with Modern
1147 Park Avenue Omaha, NE 68105
1147 Park Avenue, Omaha, NE, 68105
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For Sale
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Spacious apartments in thriving Omaha neighborhood, near shops and entertainment.
Property Size3,674 SF
Price / SF$148.34
Days on Market59
Property Features for 1147 Park Avenue
General Information
- Standard status
- Active
- Size
- 3,674 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency
Access Commercial LLC
(402) 502-1983
Listed by
Broc Gregory · License #20200226
Source
Crexi
Added: May 21 Checked: Jul 17 at 11:31 am
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 Access Commercial LLC
Investment Insights
Based on property information with market context.
The property at 1147 Park Avenue, located in Omaha, features apartments with one- and two-bedroom units offering versatile floor plans. On-site amenities include laundry facilities, secure entry, and central HVAC. The property has a pet-friendly policy. Situated in a thriving Omaha neighborhood, the location provides convenient access to local restaurants, shops, and entertainment. The property size is 3,674 square feet.
Key Highlights
- Prime location in the heart of Omaha, close to restaurants, shops, and entertainment.
- Spacious one- and two‑bedroom units with versatile floor plans.
- Pet‑friendly policy.
Local Financial Insights For Apartment 5plus
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 | $58.2k | $15.84 |
| − Vacancy | −$4.4k | −$1.19 |
| EGI | $53.8k | $14.65 |
| − OpEx | −$24.2k | −$6.59 |
| NOI | $29.6k | $8.06 |
3,674 SF · lease $15.84/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$423.0K
$370.1K – $493.5K
NOI $29,607 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.6K
$845.8K – $1.13M
NOI $67,663 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Spacious apartments in thriving Omaha neighborhood, near shops and entertainment.
Where is this apartment building located?
The property is located at 1147 Park Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Prime location in the heart of Omaha, close to restaurants, shops, and entertainment.; Spacious one- and two‑bedroom units with versatile floor plans.; Pet‑friendly policy.
