Two-Unit Duplex with
For Sale
$365,000
1223-1225 N 66th Street, Omaha, NE 68137
RESIDENTIAL, 1.5 Story, Omaha, NE
Property Size3,270 SF
Lot Size0.23 Acres
Price / SF$111.62
Days on Market75
Property Features for 1223-1225 N 66th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 1, Bathroom 3
Parking features
Garage - Detached, Off Street, Garage - Attached
Patio and Porch features
Porch, Patio
Exterior features
Patio, Porch
Fencing
Chain Link
Subdivision
Morningside Add
Elementary school
Western Hills
Middle school
Lewis and Clark
High school
Benson
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Directions
Take Dodge St east to Cass and Cass east to 72nd St. Turn north to Western and east to 66th. North on 66th to the property.
Standard status
Active
APN
1813440000
Size
3,270 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MORNINGSIDE ADD LOT 918 BLOCK 0 VAC ALLEY ADJ & W 23 N 81.5 FT LOT 915 & ALL LTS 916 & 917 & N 1.5 FT
Tax Annual Amount
5623
Legal Description
MORNINGSIDE ADD LOT 918 BLOCK 0 VAC ALLEY ADJ & W 23 N 81.5 FT LOT 915 & ALL LTS 916 & 917 & N 1.5 FT
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private covered patio
generous yard space
Building Details
Year built
1973
Floors in Building
2
Architectural style
Other
Listing Agency:
RE/MAX Results · RE/MAX International
(402) 884-7707
Listed By:
Sherryl Longacre
(402) 719-4176
Added: Aug 5
Changed: Oct 18
Last Checked: Oct 18 at 11:06AM
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
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Current Use
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 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
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Market
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
