Garden-Style Multifamily
For Sale
Contact for pricing
1330 South 30th Avenue, Omaha, NE 68105
Two garden-style apartment buildings offer a mix of one- and two-bedroom units with secured entry and resident parking.
Property Size11,346 SF
Price / SF$133.97
Days on Market64
Property Features for 1330 South 30th Avenue
General Information
Standard status
Active
Size
11,346 SF
Class
C
Total Parking Spaces
15
Property subtype
Multifamily
Zoning
R7
Occupancy
93%
Investment Type
Stabilized
Additional Details
Multifamily Units
15
Building Details
Year Built
1964
Year Renovated
2024
Buildings
2
Units
15
Tenancy
Multi
Listing Agency:
Cascade Commercial
(402) 657-9081
Listed By:
Jim Sanderson CCIM · License #NE 20160273
Source:
Crexi
Added: Jun 10
Changed: Aug 7
Last Checked: Aug 11 at 9:03AM
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 Cascade Commercial
Investment Insights
Based on property information with market context.
Built in 1964, the property features two garden-style buildings containing 6 units and 9 units. The unit mix includes ten 1-bedroom units and five 2-bedroom units, supporting a consistent resident mix across both buildings. On-site amenities include secured entry, a common laundry room, and an outdoor seating area for residents. Parking is provided as surface parking at a 1:1 ratio for residents.
The property is located at 1330–1334 South 30th Avenue in Omaha’s Midtown corridor, just south of Woolworth Avenue. It is minutes from downtown and the Medical Center, and sits within an established in-town residential neighborhood with a mix of single-family homes and small multifamily buildings.
For tenants and operators seeking a straightforward residential income asset, the building design emphasizes manageable, garden-style living paired with practical on-site conveniences such as secured access and shared laundry. The mix of 1- and 2-bedroom units can support a range of household needs, while the in-neighborhood setting provides convenient access to parks, neighborhood retail, schools, and major arterial roads that appeal to long-term renters.
The property is located at 1330–1334 South 30th Avenue in Omaha’s Midtown corridor, just south of Woolworth Avenue. It is minutes from downtown and the Medical Center, and sits within an established in-town residential neighborhood with a mix of single-family homes and small multifamily buildings.
For tenants and operators seeking a straightforward residential income asset, the building design emphasizes manageable, garden-style living paired with practical on-site conveniences such as secured access and shared laundry. The mix of 1- and 2-bedroom units can support a range of household needs, while the in-neighborhood setting provides convenient access to parks, neighborhood retail, schools, and major arterial roads that appeal to long-term renters.
Key Highlights
- 1964‑built property with two garden‑style apartment buildings: a 6‑unit building and a 9‑unit building (10 total 1BR and 5 total 2BR units)
- Ten 1‑bedroom units and five 2‑bedroom units provide a strong unit mix
- Secured entry plus a common laundry room for residents
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
$91,433
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
6.02%
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%
$1,828,660
$1.8M
Cap Rate 7%
$1,306,186
$1.3M
Cap Rate 9%
$1,015,922
$1.0M
Market Conditions
NOI Build-Up for 11,346 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
$179.7K $15.84/SF
− Vacancy
−$13.5K −$1.19/SF
EGI
$166.2K $14.65/SF
− OpEx
−$74.8K −$6.59/SF
NOI
$91.4K $8.06/SF
Area
Omaha, NE
Vacancy
7.50%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
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%
$1,828,660
Cap Rate 7%
$1,306,186
Cap Rate 9%
$1,015,922
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,433 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.99M
$2.61M – $3.48M
NOI $208,955 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 68105, NE
22,669
Population
10,633
Households
2.1
Avg Household Size
32
Median Age
35%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
6,297
Density / Sq Mi
$53,253
Median Household Income
$36,969
Median Earnings
$1,010
Median Rent
$187,600
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?
Apartment building - Two garden-style apartment buildings offer a mix of one- and two-bedroom units with secured entry and resident parking.
Where is this apartment building located?
The property is located at 1330 South 30th Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $1,520,000.
What are key features of this property?
This property features: 1964‑built property with two garden‑style apartment buildings: a 6‑unit building and a 9‑unit building (10 total 1BR and 5 total 2BR units); Ten 1‑bedroom units and five 2‑bedroom units provide a strong unit mix; Secured entry plus a common laundry room for residents
