Brick Triplex with Detached
For Sale
$320,000
2718 F Street, Omaha, NE 68107
Three living spaces are supported by leases extending through year-end 2026.
Property Size2,601 SF
Price / SF$123.03
Days on Market11
Property Features for 2718 F Street
General Information
Standard status
Active
Size
2,601 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Synergy Real Estate & Dev Corp
(402) 215-7383
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 26 at 12:40PM
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 Synergy Real Estate & Dev Corp
Investment Insights
Based on property information with market context.
Built in 1920, this 2,601-square-foot brick triplex contains three distinct living spaces. The main level includes three bedrooms and one bathroom, while the upper level provides two bedrooms and one bathroom. A finished lower level adds three bedrooms and one bathroom. Existing leases extend through the end of 2026.
Recent capital improvements include a new HVAC system, water heater, egress windows, garage roof, and concrete along part of the driveway. A detached two-car garage provides additional covered utility for the property. Located at 2718 F Street in Omaha, Nebraska, the asset combines multiple residential configurations with several completed building upgrades.
Recent capital improvements include a new HVAC system, water heater, egress windows, garage roof, and concrete along part of the driveway. A detached two-car garage provides additional covered utility for the property. Located at 2718 F Street in Omaha, Nebraska, the asset combines multiple residential configurations with several completed building upgrades.
Key Highlights
- Three distinct living spaces within a 2,601‑square‑foot brick triplex
- Main level has 3 bedrooms and 1 bathroom; upper level has 2 bedrooms and 1 bathroom
- Finished lower level configured with 3 bedrooms and 1 bathroom
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
$27,675
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
8.65%
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%
$553,500
$553.5K
Cap Rate 7%
$395,357
$395.4K
Cap Rate 9%
$307,500
$307.5K
Market Conditions
NOI Build-Up for 2,601 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
$42.1K $16.20/SF
− Vacancy
−$2.6K −$1.00/SF
EGI
$39.5K $15.20/SF
− OpEx
−$11.9K −$4.56/SF
NOI
$27.7K $10.64/SF
Area
ZIP 68107
Vacancy
6.17%
Lease Rate
$16.20 /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%
$553,500
Cap Rate 7%
$395,357
Cap Rate 9%
$307,500
Alternative Uses
Best Use
Multifamily LT 5
$395.4K
$345.9K – $461.3K
NOI $27,675 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$350.8K
$307.0K – $409.3K
NOI $24,558 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$678.9K
$594.0K – $792.0K
NOI $47,521 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
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
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 - Three living spaces are supported by leases extending through year-end 2026.
Where is this triplex located?
The property is located at 2718 F Street Omaha, NE.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Three distinct living spaces within a 2,601‑square‑foot brick triplex; Main level has 3 bedrooms and 1 bathroom; upper level has 2 bedrooms and 1 bathroom; Finished lower level configured with 3 bedrooms and 1 bathroom
