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5-Unit Apartment Building with Cottage
For Sale
$400,000

1416 O Street, Omaha, NE 68107

Separate cottage, basement storage, and coin laundry complement the property's multi-unit residential layout.

Property SizeContact for details
Days on Market15

Property Features for 1416 O Street

General Information

Standard status Active
Property subtype Multi Family Home

Taxes and HOA fees

Annual Taxes $4,409

Building Details

Year Built 1920
Units 5
Listing Agency: Nebraska Realty
Listed By: Chad Blythe · License #20090393
Source: Hikerealestate
Added: Aug 16 Changed: Aug 30 Last Checked: Aug 30 at 6:54AM

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 Nebraska Realty

Investment Insights

Based on property information with market context.

This apartment property contains five units across a primary residence and a detached cottage-style home. The main house is arranged with three units on the first floor and one additional unit upstairs, while the fifth unit occupies the separate cottage behind the residence. Basement space provides storage, utility areas, and coin-operated laundry equipment.

The property is located at 1416 O Street in Omaha, Nebraska, on a large lot with additional parking positioned at the front. A storage shed is also included. Units 1, 2, 4, and 5 have been recently updated; unit 3 has not been identified as updated. Built in 1920, the property combines multiple residential units with accessory storage and on-site parking.

Key Highlights

  • Five‑unit configuration includes four units in the main residence and a separate cottage‑style fifth unit
  • Main house layout includes three first‑floor units and one second‑floor unit
  • Basement includes storage, utility areas, and coin‑operated laundry machines

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Kitchen & Bath Showroom HVAC Service Bakery Plumbing Service

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

548
Businesses Nearby

Demographics for 68107, NE

31,064
Population
10,253
Households
3
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
6.6 sq mi
ZIP Area
4,707
Density / Sq Mi
$59,988
Median Household Income
$34,804
Median Earnings
$1,015
Median Rent
$142,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Separate cottage, basement storage, and coin laundry complement the property's multi-unit residential layout.
Where is this apartment building located?
The property is located at 1416 O Street Omaha, NE.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Five‑unit configuration includes four units in the main residence and a separate cottage‑style fifth unit; Main house layout includes three first‑floor units and one second‑floor unit; Basement includes storage, utility areas, and coin‑operated laundry machines
More about this property
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