Four-Unit Multifamily Investment
For Sale
Contact for pricing
Pending
2526 S 10th St, Omaha, NE 68108
Four-unit property with short-term and long-term rental income potential.
Property Size2,986 SF
Days on Market181
Property Features for 2526 S 10th St
General Information
Standard status
Pending
Size
2,986 SF
Property subtype
Multifamily
Zoning
R7 (NCE-C Overlay)
Building Details
Year Built
1920
Buildings
1
Stories
2
Units
4
Listed By:
Katie Major · License #20240367
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Jul 24 at 4:11PM
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 Katie Major
Investment Insights
Based on property information with market context.
This four-unit property presents an investment opportunity with potential for both short-term and long-term rental income. The property is located in a vibrant neighborhood with convenient access to the interstate, Henry Doorly Zoo, Lauritzen Gardens, the Old Market, and Little Bohemia. Each of the four units includes one bedroom and one bathroom. The property provides assigned parking spaces for residents. The building has a size of 2986 square feet.
Key Highlights
- Strong income potential from both short‑term and long‑term rentals.
- Prime location with easy access to the interstate, Henry Doorly Zoo, Lauritzen Gardens, the Old Market, and Little Bohemia.
- Four individual units, offering diverse rental strategies.
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
$26,092
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
8.55%
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%
$521,840
$521.8K
Cap Rate 7%
$372,743
$372.7K
Cap Rate 9%
$289,911
$289.9K
Market Conditions
NOI Build-Up for 2,986 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
$40.1K $13.44/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$37.3K $12.48/SF
− OpEx
−$11.2K −$3.74/SF
NOI
$26.1K $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 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%
$521,840
Cap Rate 7%
$372,743
Cap Rate 9%
$289,911
Alternative Uses
Best Use
Multifamily LT 5
$372.7K
$326.2K – $434.9K
NOI $26,092 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,063 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$785.6K
$687.4K – $916.5K
NOI $54,992 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
408
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with short-term and long-term rental income potential.
Where is this quadplex located?
The property is located at 2526 S 10th St Omaha, NE.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Strong income potential from both short‑term and long‑term rentals.; Prime location with easy access to the interstate, Henry Doorly Zoo, Lauritzen Gardens, the Old Market, and Little Bohemia.; Four individual units, offering diverse rental strategies.
