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Residential Income Property with Rooftop
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1402 Leavenworth St, Omaha, NE 68102

Residential income property featuring 7 bedrooms, 4 bathrooms, two kitchens, and a 6,000-sq-ft rooftop oasis.

Property Size12,379 SF
Price / SF$242.35
Days on Market143

Property Features for 1402 Leavenworth St

General Information

Standard status Active
Size 12,379 SF
Property subtype INDUSTRIAL

Amenities

two full kitchens
open living areas
speakeasy-style bar
arcade room with a 100" TV wall and over 17,000 games
private, multi-level theater
rooftop oasis
Listing Agency: Investors Realty Inc
Listed By: Ryan Kuehl, CCIM · License #20140409
Source: Moodyscre
Added: Mar 11 Changed: Jul 25 Last Checked: Jul 25 at 10:46PM

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 Investors Realty Inc

Investment Insights

Based on property information with market context.

This residential income property offers a 4,300 sq. ft. expansive layout designed for short-term stays, with 7 bedrooms and 4 bathrooms. The home includes two full kitchens, open living areas, and distinctive entertaining spaces such as a speakeasy-style bar and an arcade room with a 100" TV wall and over 17,000 games. A private, multi-level theater rounds out the experience, and the property can accommodate up to 21 guests.

The home also features a 6,000 sq. ft. rooftop oasis. The address is 1402 Leavenworth St, Omaha, NE 68102.

Overall, the configuration supports a guest-focused setup with multiple gathering areas and dedicated entertainment rooms.

Key Highlights

  • 4,300 sq. ft. residential income property with 7 bedrooms and 4 bathrooms
  • Two full kitchens plus open living areas
  • 6,000 sq. ft. private, multi‑level rooftop oasis

Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $196.1k $15.84
− Vacancy −$14.7k −$1.19
EGI $181.4k $14.65
− OpEx −$81.6k −$6.59
NOI $99.8k $8.06
12,379 SF · lease $15.84/SF/yr · vacancy 7.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.43M
$1.25M – $1.66M (±1% cap)
NOI $99,757 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M (±1% cap)
NOI $227,980 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

The Downtown Omaha Oasis Vacation Rental

Suggested Use

Top Pick Dental Office Grocery & Convenience Store Skin Care Clinic Locksmith Veterinary Clinic (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

1,588
Businesses Nearby

Demographics for 68102, NE

9,130
Population
5,922
Households
1.5
Avg Household Size
33
Median Age
51%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
5,072
Density / Sq Mi
$60,525
Median Household Income
$46,309
Median Earnings
$1,242
Median Rent
$350,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Residential income property featuring 7 bedrooms, 4 bathrooms, two kitchens, and a 6,000-sq-ft rooftop oasis.
Where is this short term rental property located?
The property is located at 1402 Leavenworth St Omaha, NE.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 4,300 sq. ft. residential income property with 7 bedrooms and 4 bathrooms; Two full kitchens plus open living areas; 6,000 sq. ft. private, multi‑level rooftop oasis
(402) 778-7545 Call to check price and availability
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