Duplex with Attached
New
For Sale
$365,000
1223-1225 N 66th Street, Omaha, NE 68132
Both three-bedroom residences are leased month-to-month and include covered patios and private yard space.
Property Size3,270 SF
Price / SF$111.62
Days on Market7
Property Features for 1223-1225 N 66th Street
General Information
Standard status
Active
Size
3,270 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Midtown Neighborhood Alliance
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,623
Amenities
private covered patio
yard space
2
true
4
false
6
Assessor
Chain Link
Up to 1/4 Acre.
Public
10414
82 x 127
0.2391
Slab
3270
Building Details
Building Size
3,270 SF
Year Built
1973
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Results
Listed By:
Sherryl Longacre · License #20120584
(402) 719-4176
Source:
Ersrealestategroup
Added: Oct 31
Changed: Nov 5
Last Checked: Nov 6 at 7:49AM
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 RE/MAX Results
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1973, this 3,270-square-foot duplex contains two three-bedroom residences. Each unit has an attached garage and a covered patio, with yard space serving the units. The property also includes an oversized detached two-car garage and additional parking on a 0.2391-acre corner lot.
Both residences are currently rented on month-to-month terms.
Both residences are currently rented on month-to-month terms.
Key Highlights
- Two three‑bedroom units, both rented month‑to‑month
- 3,270‑square‑foot duplex built in 1973
- Attached garage and covered patio for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,574
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,480
$571.5K
Cap Rate 7%
$408,200
$408.2K
Cap Rate 9%
$317,489
$317.5K
Market Conditions
NOI Build-Up for 3,270 SF
Gross rent
$43.9K $13.44/SF
− Vacancy
−$3.1K −$0.96/SF
EGI
$40.8K $12.48/SF
− OpEx
−$12.2K −$3.74/SF
NOI
$28.6K $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 Rate 5%
$571,480
Cap Rate 7%
$408,200
Cap Rate 9%
$317,489
Alternative Uses
Best Use
Multifamily LT 5
$408.2K
$357.2K – $476.2K
NOI $28,574 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$376.5K
$329.4K – $439.2K
NOI $26,352 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$860.3K
$752.8K – $1.00M
NOI $60,222 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both three-bedroom residences are leased month-to-month and include covered patios and private yard space.
Where is this duplex located?
The property is located at 1223-1225 N 66th Street Omaha, NE.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two three‑bedroom units, both rented month‑to‑month; 3,270‑square‑foot duplex built in 1973; Attached garage and covered patio for each unit
