Four-Unit Quadplex with
For Sale
$235,000
1113 Park Avenue, Omaha, NE 68105
Residential income property with two occupied units and two additional units that may require work before leasing.
Property Size1,300 SF
Price / SF$180.77
Days on Market42
Property Features for 1113 Park Avenue
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Horst Power Realty
Listed By:
Todd Walkenhorst · License #966109
Source:
Lnkhomesforsale
Added: Aug 28
Changed: Sep 13
Last Checked: Oct 7 at 9:07AM
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 Horst Power Realty
Investment Insights
Based on property information with market context.
This four-unit residential conversion is configured as a quadplex and includes two units currently occupied by tenants. The remaining two units may require work before they can be rented. Built in 1900, the property is being offered in its existing condition, with the seller making no repairs.
Located at 1113 Park Avenue in Omaha, the property may also be packaged with 1049 Park Avenue and 1111 Park Avenue. The offering provides a defined four-unit configuration with existing tenant occupancy and additional units requiring evaluation and improvement.
Located at 1113 Park Avenue in Omaha, the property may also be packaged with 1049 Park Avenue and 1111 Park Avenue. The offering provides a defined four-unit configuration with existing tenant occupancy and additional units requiring evaluation and improvement.
Key Highlights
- Four‑unit residential conversion configured as a quadplex
- Two units currently occupied by tenants
- Two additional units may require work before leasing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,360
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,200
$227.2K
Cap Rate 7%
$162,286
$162.3K
Cap Rate 9%
$126,222
$126.2K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$17.5K $13.44/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$16.2K $12.48/SF
− OpEx
−$4.9K −$3.74/SF
NOI
$11.4K $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%
$227,200
Cap Rate 7%
$162,286
Cap Rate 9%
$126,222
Alternative Uses
Best Use
Multifamily LT 5
$162.3K
$142.0K – $189.3K
NOI $11,360 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$149.7K
$131.0K – $174.6K
NOI $10,476 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$342.0K
$299.3K – $399.0K
NOI $23,942 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with two occupied units and two additional units that may require work before leasing.
Where is this quadplex located?
The property is located at 1113 Park Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Four‑unit residential conversion configured as a quadplex; Two units currently occupied by tenants; Two additional units may require work before leasing
