148 N 35th Street Omaha, NE 68131
DUPLEX - Omaha, NE
Property Features for 148 N 35th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 3, Basement, Bathroom 1, Bedroom 1
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 1305010000
- Size
- 2,599 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HAWTHORNE ADD LOT 2 BLOCK 7 S 41 FT LTS 1 & 41 X 96
- Tax Annual Amount
- 4041
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1916
- Floors in Building
- 3
- Architectural style
- Other
Listing agent Ryan Pace (402) 968-6882
Listing office Flatwater Realty 4827 S 165th St, Omaha, NE (402) 875-5000
Listing date Jul 13, 2026
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The home is minutes from Midtown Crossing, Creighton University, the Blackstone District, UNMC, and UNO, with access to dining, shopping, and entertainment nearby. Public remarks indicate 100% occupancy for the past six years, and prospective tenants are reportedly already waiting for the next lease opportunity.
Offered for sale as a versatile, turnkey residential income asset, the configuration is also described as usable as a triplex depending on how the levels are arranged and rented.
Key Highlights
- Spacious 5‑6 bedroom home with multiple bathrooms and a basement
- Features 3 separate kitchens, 3 separate laundry areas, and private entrances to each level
- Designed for flexibility as one large rental setup or as three separate units
Local Financial Insights For Multifamily LT 5
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 | $34.9k | $13.44 |
| − Vacancy | −$2.5k | −$0.96 |
| EGI | $32.4k | $12.48 |
| − OpEx | −$9.7k | −$3.74 |
| NOI | $22.7k | $8.74 |
