5-Unit Apartment
1416 O St, Omaha, NE 68107
For Sale
$380,000
Five-unit property with a separate cottage, coin laundry, storage, and off-street parking.
Property Size2,500 SF
Price / SF$152
Days on Market50
Property Features for 1416 O St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Gross Income
Multifamily Units
Amenities
coin laundry
storage
storage shed
Building Details
Year Built
Buildings
Listing Agency:
Nebraska Realty
Listed By:
Chad Blythe · License NE #20090393
(402) 578-9822
Source:
Thatcheromaha
Added: Sep 22
Changed: Oct 26
Last Checked: Oct 7 at 1:19PM
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
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Investment Insights
Based on property information with market context.
This 5-unit apartment property includes a primary residence configured as four units, with three on the main level and one on the second floor. A separate cottage-style dwelling sits behind the main building. The basement provides additional storage, utility areas, and coin-operated laundry machines. The property also includes a storage shed and additional parking at the front. All units except Unit 3 have been recently updated.
Built in 1920, the property contains approximately 2,500 square feet and is situated on a large lot at 1416 O St in Omaha, Nebraska 68107. The combination of a four-unit main building and a detached fifth unit creates a distinct multifamily layout.
Built in 1920, the property contains approximately 2,500 square feet and is situated on a large lot at 1416 O St in Omaha, Nebraska 68107. The combination of a four-unit main building and a detached fifth unit creates a distinct multifamily layout.
Key Highlights
- 5 total units: 4 in the main building and 1 separate cottage
- Main building includes 3 units on the first floor and 1 unit upstairs
- Approximately 2,500 square feet on a large lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,604
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,080
$472.1K
Cap Rate 7%
$337,200
$337.2K
Cap Rate 9%
$262,267
$262.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.9K $18.36/SF
− Vacancy
−$3.0K −$1.19/SF
EGI
$42.9K $17.17/SF
− OpEx
−$19.3K −$7.72/SF
NOI
$23.6K $9.44/SF
Area
ZIP 68107
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,080
Cap Rate 7%
$337,200
Cap Rate 9%
$262,267
Alternative Uses
Best Use
Apartment 5plus
$337.2K
$295.1K – $393.4K
NOI $23,604 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.5K
$570.9K – $761.3K
NOI $45,675 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Apartment buildings in Omaha
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit property with a separate cottage, coin laundry, storage, and off-street parking.
Where is this apartment building located?
The property is located at 1416 O St Omaha, NE.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 5 total units: 4 in the main building and 1 separate cottage; Main building includes 3 units on the first floor and 1 unit upstairs; Approximately 2,500 square feet on a large lot
