Triplex with Private
For Sale
$760,000
2319 Vinton Street, Omaha, NE 68108
DUPLEX - Omaha, NE
Property Size8,240 SF
Lot Size0.10 Acres
Price / SF$92.23
Days on Market193
Property Features for 2319 Vinton Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
7
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4, Basement, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1
Appliances
Range, Refrigerator
Subdivision
SOUTH OMAHA MEDICAL CAMPUS
Lot features
In City
Elementary school
Bancroft
Middle school
Marrs
High school
South
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Directions
GPS
Standard status
Active
APN
2234875000
Size
8,240 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTH OMAHA MEDICAL CAMPUS LOT 1 BLOCK 0 40.08X112.20112
Tax Annual Amount
10317
Legal Description
SOUTH OMAHA MEDICAL CAMPUS LOT 1 BLOCK 0 40.08X112.20112
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1905
Floors in Building
2
Flooring type
Carpet, Laminate
Architectural style
Other
Listing Agency:
Nebraska Realty
(402) 491-0100
Listed By:
Victor Ortiz Origel
(402) 706-0263
Added: Feb 5
Changed: Aug 15
Last Checked: Aug 17 at 5:06PM
MLS# 22603439
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.
This triplex offers a multi-unit setup with separate utilities and individual comfort systems. The second-floor unit is described as a two-bedroom, one-bath apartment, and there are two additional units on the first floor. Private parking is available for each unit, and each unit is served by its own utility meters, furnace, AC unit, and water heater.
The property sits on a 0.1-acre lot with 8,240 square feet of building area. Built in 1905, the home is equipped with forced-air heating and central air cooling. Interior finishes listed include laminate and carpet flooring, and appliances include a range and refrigerator.
The configuration supports an owner seeking a small residential income property with individually metered units and on-site parking assigned per unit at 2319 Vinton Street in Omaha, Nebraska 68108.
The property sits on a 0.1-acre lot with 8,240 square feet of building area. Built in 1905, the home is equipped with forced-air heating and central air cooling. Interior finishes listed include laminate and carpet flooring, and appliances include a range and refrigerator.
The configuration supports an owner seeking a small residential income property with individually metered units and on-site parking assigned per unit at 2319 Vinton Street in Omaha, Nebraska 68108.
Key Highlights
- Private parking available for each unit
- Each unit has its own utility meters, furnace, AC unit, and water heater
- Second‑floor unit described as two bedrooms and one bathroom; two additional first‑floor units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,403
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,328,060
$1.3M
Cap Rate 7%
$948,614
$948.6K
Cap Rate 9%
$737,811
$737.8K
Market Conditions
NOI Build-Up for 8,240 SF
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.
Gross rent
$130.5K $15.84/SF
− Vacancy
−$9.8K −$1.19/SF
EGI
$120.7K $14.65/SF
− OpEx
−$54.3K −$6.59/SF
NOI
$66.4K $8.06/SF
Area
Omaha, NE
Vacancy
7.50%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,328,060
Cap Rate 7%
$948,614
Cap Rate 9%
$737,811
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$900.0K – $1.20M
NOI $72,002 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$948.6K
$830.0K – $1.11M
NOI $66,403 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,753 @ 7.0% cap · market cap 19.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex built in 1905 with private parking per unit and central air.
Where is this triplex located?
The property is located at 2319 Vinton Street Omaha, NE.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Private parking available for each unit; Each unit has its own utility meters, furnace, AC unit, and water heater; Second‑floor unit described as two bedrooms and one bathroom; two additional first‑floor units
