Updated Duplex with Attached
For Sale
$409,950
6025 Lafayette Avenue, Omaha, NE 68132
Two distinct units feature private garages, hardwood floors, and individual deck areas.
Property Size3,064 SF
Price / SF$133.80
Days on Market50
Property Features for 6025 Lafayette Avenue
General Information
Standard status
Active
Size
3,064 SF
Property subtype
Multi-Family
Building Details
Year Built
1960
Listing Agency:
Keller Williams Greater Omaha
(402) 493-4663
Listed By:
Marty Hosking · License #966326
Source:
Rangelrealestategroup
Added: Jul 11
Changed: Aug 28
Last Checked: Aug 28 at 7:57PM
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 Keller Williams Greater Omaha
Investment Insights
Based on property information with market context.
Located at 6025 Lafayette Avenue in Omaha, this 3,064-square-foot duplex was built in 1960 and has been updated with a modern transitional finish. Both residences provide a dedicated one-car attached garage, hardwood flooring, and a private deck. The second unit also includes a bonus third-bedroom area in the lower level with a bathroom rough-in.
The property occupies a wooded setting near the northern edge of Dillon’s, with landscaped grounds, an irrigation system, and newer composite decking. The separate unit arrangement supports flexible residential use, while the individual outdoor areas and garage access add functional separation between households.
The property occupies a wooded setting near the northern edge of Dillon’s, with landscaped grounds, an irrigation system, and newer composite decking. The separate unit arrangement supports flexible residential use, while the individual outdoor areas and garage access add functional separation between households.
Key Highlights
- 3,064 SF duplex built in 1960
- Each unit includes an attached one‑car garage
- Hardwood floors and private deck areas in both units
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
$26,774
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
6.53%
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%
$535,480
$535.5K
Cap Rate 7%
$382,486
$382.5K
Cap Rate 9%
$297,489
$297.5K
Market Conditions
NOI Build-Up for 3,064 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
$41.2K $13.44/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$38.2K $12.48/SF
− OpEx
−$11.5K −$3.74/SF
NOI
$26.8K $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%
$535,480
Cap Rate 7%
$382,486
Cap Rate 9%
$297,489
Alternative Uses
Best Use
Multifamily LT 5
$382.5K
$334.7K – $446.2K
NOI $26,774 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$352.7K
$308.7K – $411.5K
NOI $24,692 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$806.1K
$705.4K – $940.5K
NOI $56,429 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct units feature private garages, hardwood floors, and individual deck areas.
Where is this duplex located?
The property is located at 6025 Lafayette Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $409,950.
What are key features of this property?
This property features: 3,064 SF duplex built in 1960; Each unit includes an attached one‑car garage; Hardwood floors and private deck areas in both units
