R7-Zoned
For Sale
Contact for pricing
1415 Vinton Street, Omaha, NE 68108
Four-unit residential property with redevelopment considerations under R7 zoning.
Property Size3,760 SF
Price / SF$126.33
Days on Market58
Property Features for 1415 Vinton Street
General Information
Standard status
Active
Size
3,760 SF
Class
C
Property subtype
Retail, Multifamily
Zoning
R7
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$25,435
Additional Details
Multifamily Units
6
Building Details
Year Built
1938
Year Renovated
2017
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Cascade Commercial
Listed By:
Stephen Sykes · License #NE 20180658
Source:
Crexi
Added: Aug 26
Changed: Oct 4
Last Checked: Oct 20 at 7:20PM
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
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,760 square feet and was built in 1938. The asset is classified as a quadplex and carries R7 zoning, supporting consideration of its existing multifamily configuration and the redevelopment possibilities associated with that designation.
The property is being offered alongside a neighboring six-unit building, with the option to acquire either property separately or both together. If separate ownership is established, the current owner intends to file an easement with Douglas County allowing residents of both buildings to use the newly replaced concrete driveway. Combined acquisition of the two properties is identified as the basis for additional redevelopment consideration.
The property is being offered alongside a neighboring six-unit building, with the option to acquire either property separately or both together. If separate ownership is established, the current owner intends to file an easement with Douglas County allowing residents of both buildings to use the newly replaced concrete driveway. Combined acquisition of the two properties is identified as the basis for additional redevelopment consideration.
Key Highlights
- Four‑unit quadplex totaling 3,760 square feet
- R7 zoning
- Built in 1938
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,855
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,100
$657.1K
Cap Rate 7%
$469,357
$469.4K
Cap Rate 9%
$365,056
$365.1K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$50.5K $13.44/SF
− Vacancy
−$3.6K −$0.96/SF
EGI
$46.9K $12.48/SF
− OpEx
−$14.1K −$3.74/SF
NOI
$32.9K $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%
$657,100
Cap Rate 7%
$469,357
Cap Rate 9%
$365,056
Alternative Uses
Best Use
Multifamily LT 5
$469.4K
$410.7K – $547.6K
NOI $32,855 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$432.9K
$378.8K – $505.0K
NOI $30,300 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$989.2K
$865.6K – $1.15M
NOI $69,247 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
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Business Placement
Demographics for 68108, NE
15,623
Population
6,084
Households
2.6
Avg Household Size
30
Median Age
24%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
4,734
Density / Sq Mi
$47,255
Median Household Income
$34,693
Median Earnings
$1,128
Median Rent
$124,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with redevelopment considerations under R7 zoning.
Where is this quadplex located?
The property is located at 1415 Vinton Street Omaha, NE.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,760 square feet; R7 zoning; Built in 1938
