Remodeled Furnished
For Sale
$477,700
122-124 N 30th Street, Omaha, NE 68131
Two furnished residences retain exposed brick and original wood floors alongside updated kitchens and baths.
Property Size3,050 SF
Price / SF$156.62
Days on Market18
Property Features for 122-124 N 30th Street
General Information
Standard status
Active
Size
3,050 SF
Property subtype
Multi-Family
Building Details
Year Built
1915
Listing Agency:
Nexthome Signature Real Estate
(402) 350-9494
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 26 at 12:57PM
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 Nexthome Signature Real Estate
Investment Insights
Based on property information with market context.
This 3,050-square-foot duplex dates to 1915 and includes two fully furnished residences with remodeled interiors. Original character remains through exposed brick and wood flooring, while stainless steel appliances and granite countertops serve the updated kitchens. The property also features refreshed bathrooms, separate laundry facilities, and a shared rear patio.
The upper residence adds a second living area, a freestanding soaking tub, and a four-season sunroom. Positioned at 122-124 N 30th Street in Omaha’s Midtown area, the duplex is located near Midtown Crossing, Blackstone, the Omaha Streetcar, Interstate 480, and several downtown destinations, including the Old Market, Capitol District, CHI arena, and Charles Schwab Field. Boys Town hospital is also within the stated surrounding area.
The upper residence adds a second living area, a freestanding soaking tub, and a four-season sunroom. Positioned at 122-124 N 30th Street in Omaha’s Midtown area, the duplex is located near Midtown Crossing, Blackstone, the Omaha Streetcar, Interstate 480, and several downtown destinations, including the Old Market, Capitol District, CHI arena, and Charles Schwab Field. Boys Town hospital is also within the stated surrounding area.
Key Highlights
- 3,050 SF duplex built in 1915
- Both residences are fully furnished and remodeled
- Exposed brick and original wood floors preserve historic character
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,651
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,020
$533.0K
Cap Rate 7%
$380,729
$380.7K
Cap Rate 9%
$296,122
$296.1K
Market Conditions
NOI Build-Up for 3,050 SF
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.
Gross rent
$41.0K $13.44/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$38.1K $12.48/SF
− OpEx
−$11.4K −$3.74/SF
NOI
$26.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,020
Cap Rate 7%
$380,729
Cap Rate 9%
$296,122
Alternative Uses
Best Use
Multifamily LT 5
$380.7K
$333.1K – $444.2K
NOI $26,651 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$351.1K
$307.2K – $409.7K
NOI $24,579 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$802.4K
$702.1K – $936.2K
NOI $56,171 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 68131, NE
13,609
Population
7,861
Households
1.7
Avg Household Size
29
Median Age
46%
College-Educated
91%
High-School Grad
2.1 sq mi
ZIP Area
6,480
Density / Sq Mi
$47,800
Median Household Income
$30,808
Median Earnings
$1,081
Median Rent
$224,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished residences retain exposed brick and original wood floors alongside updated kitchens and baths.
Where is this duplex located?
The property is located at 122-124 N 30th Street Omaha, NE.
What is the asking price?
The asking price for this property is $477,700.
What are key features of this property?
This property features: 3,050 SF duplex built in 1915; Both residences are fully furnished and remodeled; Exposed brick and original wood floors preserve historic character
