Building Details

Building Size 8,448 SF

Year Built 1963

Tenancy Multi

Listing Agency: Lee & Associates | Omaha m***@lee-associates.com Show Phone

Listed By: Mo Barry · License #20210068 Show Phone

Source: Lee-associates

Added: Jun 29 Changed: Aug 17 Last Checked: Aug 17 at 6:12AM

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Investment Insights

Based on property information with market context.

This offering presents an eight-unit apartment building at 3344 & 3348 Larimore Ave in Omaha, Nebraska. The property is supported by recent capital improvements across major building systems, including HVAC, plumbing, electrical, windows, roofing, and interior finishes. Units are configured as oversized two-bedroom layouts, with each unit described as approximately 1,000 square feet.

The building is currently 100% occupied, providing immediate income support from in-place tenants. The property’s unit mix and current occupancy profile may appeal to operators looking for steadier workforce housing characteristics, particularly where retention and durable day-to-day management matter.

For owner-operators and investors seeking a turn-key approach, the completed upgrades can help reduce near-term maintenance and capital expenditure risk compared to a building with deferred systems. With all eight units occupied and recently modernized interiors and building components, the property offers a practical platform for continued rental operations and straightforward management of a consistent two-bedroom product.

Key Highlights

• 8‑unit multifamily property in Omaha, Nebraska built in 1963
• Extensive recent capital improvements include upgraded HVAC, plumbing, electrical, windows, roofing, and interior finishes
• Currently 100% occupied with average rents of about $883 per unit, below market

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

375

Businesses Nearby

Explore this area Business Placement

Demographics for 68111, NE

25,048

Population

9,729

Households

2.6

Avg Household Size

31

Median Age

12%

College-Educated

78%

High-School Grad

5.2 sq mi

ZIP Area

4,817

Density / Sq Mi

$41,010

Median Household Income

$31,610

Median Earnings

$1,109

Median Rent

$101,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Renovated eight-unit multifamily property with fully occupied, oversized two-bedroom units.

Where is this apartment building located?

The property is located at 3344 & 3348 Larimore Ave Omaha, NE.

What is the asking price?

The asking price for this property is $630,000.

What are key features of this property?

This property features: 8‑unit multifamily property in Omaha, Nebraska built in 1963; Extensive recent capital improvements include upgraded HVAC, plumbing, electrical, windows, roofing, and interior finishes; Currently 100% occupied with average rents of about $883 per unit, below market