2-Unit Historic
2146 S 35th Street, Omaha, NE 68105
For Sale
$232,000
The two-unit layout includes a walk-out lower level and an upper-level kitchen with a deck.
Property Size2,412 SF
Price / SF$96.19
Days on Market11
Property Features for 2146 S 35th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
enclosed front porch
composite deck
Walk-Out Access
1
true
2
false
5
Assessor
Up to 1/4 Acre.
Public
6650
50 x 133
0.1527
Tandem
Slab
Building Details
Year Built
Listing Agency:
Carmela Kramer Karni RE Broker
Listed By:
Carmela Kramer Karni
Source:
Ersrealestategroup
Added: Oct 30
Changed: Nov 9
Last Checked: Nov 9 at 5:23PM
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 Carmela Kramer Karni RE Broker
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Investment Insights
Based on property information with market context.
Built in 1880, this 2,412-square-foot duplex is arranged as two units. The upper unit has three bedrooms, one bathroom, a living room, and an open kitchen. A newer composite deck extends from the kitchen, and the enclosed front porch adds another interior space.
The walk-out basement unit includes two bedrooms, a half bathroom, and a large flex or play area. A claw-foot tub is among the home’s bathroom features. Hanscom Park is within walking distance, with UNMC, Creighton, and downtown a short drive away.
The walk-out basement unit includes two bedrooms, a half bathroom, and a large flex or play area. A claw-foot tub is among the home’s bathroom features. Hanscom Park is within walking distance, with UNMC, Creighton, and downtown a short drive away.
Key Highlights
- 2,412‑square‑foot duplex built in 1880
- Two units: an upper‑level 3‑bedroom, 1‑bath unit and a basement 2‑bedroom, half‑bath unit
- Walk‑out basement includes a large flex/play area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,076
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,520
$421.5K
Cap Rate 7%
$301,086
$301.1K
Cap Rate 9%
$234,178
$234.2K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$32.4K $13.44/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$30.1K $12.48/SF
− OpEx
−$9.0K −$3.74/SF
NOI
$21.1K $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%
$421,520
Cap Rate 7%
$301,086
Cap Rate 9%
$234,178
Alternative Uses
Best Use
Multifamily LT 5
$301.1K
$263.5K – $351.3K
NOI $21,076 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$277.7K
$243.0K – $324.0K
NOI $19,437 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$634.6K
$555.3K – $740.4K
NOI $44,421 @ 7.0% cap · market cap 19.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
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Business Placement
Demographics for 68105, NE
22,669
Population
10,633
Households
2.1
Avg Household Size
32
Median Age
35%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
6,297
Density / Sq Mi
$53,253
Median Household Income
$36,969
Median Earnings
$1,010
Median Rent
$187,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Omaha, NE
Properties on Market for Duplexes in Omaha
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout includes a walk-out lower level and an upper-level kitchen with a deck.
Where is this duplex located?
The property is located at 2146 S 35th Street Omaha, NE.
What is the asking price?
The asking price for this property is $232,000.
What are key features of this property?
This property features: 2,412‑square‑foot duplex built in 1880; Two units: an upper‑level 3‑bedroom, 1‑bath unit and a basement 2‑bedroom, half‑bath unit; Walk‑out basement includes a large flex/play area
