Two-Unit Duplex with
1223-1225 N 66th Street, Omaha, NE 68137
For Sale
$365,000
RESIDENTIAL, 1.5 Story, Omaha, NE
Property Size3,270 SF
Lot Size0.23 Acres
Price / SF$111.62
Days on Market102
Property Features for 1223-1225 N 66th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Fencing
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
private covered patio
generous yard space
Building Details
Year built
Floors in Building
Architectural style
Buildings
Listing Agency:
RE/MAX Results · RE/MAX International
(402) 884-7707
Listed By:
Sherryl Longacre · License NE #20120584
(402) 719-4176
Added: Aug 5
Changed: Nov 12
Last Checked: Nov 14 at 1:06AM
MLS# 22622587
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1973 duplex contains 3,270 square feet across two three-bedroom residences. Each unit includes a covered patio, yard area, attached garage, forced-air heating, and central air conditioning. The property also has an oversized detached two-car garage, off-street parking, and chain-link fencing on a 0.23-acre corner lot.
Located at 1223-1225 N 66th Street in Omaha, the property is occupied by tenants on month-to-month rental arrangements. Its two-unit layout, multiple garages, and additional parking provide a clear physical configuration for continued residential rental use.
Located at 1223-1225 N 66th Street in Omaha, the property is occupied by tenants on month-to-month rental arrangements. Its two-unit layout, multiple garages, and additional parking provide a clear physical configuration for continued residential rental use.
Key Highlights
- Two three‑bedroom units totaling 3,270 square feet
- Both residences are rented month to month
- 0.23‑acre corner lot at 1223‑1225 N 66th Street
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 68137, NE
26,537
Population
10,834
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,159
Density / Sq Mi
$82,256
Median Household Income
$49,784
Median Earnings
$1,337
Median Rent
$232,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Omaha, NE
Properties on Market for Duplexes in Omaha
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both three-bedroom residences are rented month to month and include private outdoor 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 totaling 3,270 square feet; Both residences are rented month to month; 0.23‑acre corner lot at 1223‑1225 N 66th Street
