Remodeled Furnished
For Sale
$500,000
122 122-124 N 30th St, Omaha, NE 68131
Two furnished units combine updated interiors with preserved historic details and flexible owner-occupancy potential.
Property Size3,050 SF
Price / SF$163.93
Days on Market28
Property Features for 122 122-124 N 30th St
General Information
Standard status
Active
Size
3,050 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Furnished
Yes
Multifamily Units
2
Amenities
shared back patio
Building Details
Year Built
1915
Listing Agency:
BHHS Ambassador Real Estate
(402) 968-9184
Listed By:
Tammy English · License #20140046
Source:
Thatcheromaha
Added: Aug 3
Changed: Aug 29
Last Checked: Aug 29 at 6:10PM
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 BHHS Ambassador Real Estate
Investment Insights
Based on property information with market context.
This 2-unit duplex contains 3,050 square feet and was built in 1915. Both residences are furnished and have undergone complete remodeling while retaining exposed brick and original wood flooring. Updated kitchens feature stainless steel appliances and granite countertops, while each unit includes a remodeled bath. Separate laundry serves the property, and a shared rear patio provides outdoor space.
The upper residence adds a second living area, a freestanding soaking tub, and a four-season sunroom. The property is located at 122-124 N 30th St in Omaha’s Midtown area, within blocks of Midtown Crossing, Blackstone, and the Omaha Streetcar. Interstate 480, Boys Town hospital, the Old Market, Capitol District, CHI arena, and Charles Schwab Field are also identified as accessible from the property.
The upper residence adds a second living area, a freestanding soaking tub, and a four-season sunroom. The property is located at 122-124 N 30th St in Omaha’s Midtown area, within blocks of Midtown Crossing, Blackstone, and the Omaha Streetcar. Interstate 480, Boys Town hospital, the Old Market, Capitol District, CHI arena, and Charles Schwab Field are also identified as accessible from the property.
Key Highlights
- 2‑unit duplex with 3,050 SF, built in 1915
- Both residences furnished and completely remodeled
- Exposed brick and original wood flooring retained
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
5.33%
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 5.33%
Second Best
Apartment 5plus
$351.1K
$307.2K – $409.7K
NOI $24,579 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$802.4K
$702.1K – $936.2K
NOI $56,171 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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 units combine updated interiors with preserved historic details and flexible owner-occupancy potential.
Where is this duplex located?
The property is located at 122 122-124 N 30th St Omaha, NE.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2‑unit duplex with 3,050 SF, built in 1915; Both residences furnished and completely remodeled; Exposed brick and original wood flooring retained
