Brick Triplex With Detached
New
For Sale
$320,000
2718 F Street, Omaha, NE 68107
RESIDENTIAL, 1.5 Story, Omaha, NE
Property Size2,601 SF
Lot Size0.13 Acres
Price / SF$123.03
Days on Market7
Property Features for 2718 F Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 7, Bedroom 5, Basement, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 8, Bathroom 1, Bedroom 3, Bathroom 3
Parking features
Garage - Detached, Off Street
Patio and Porch features
Patio
Exterior features
Patio
Appliances
Oven, Range, Refrigerator
Subdivision
South Omaha City Lots
Lot features
Alley, In City
Elementary school
Spring Lake
Middle school
Norris
High school
South
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Directions
GPS
Standard status
Active
APN
0404190000
Size
2,601 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTH OMAHA CITY LOTS LOT 8 BLOCK 33 W 50 E 100
Tax Annual Amount
2687
Legal Description
SOUTH OMAHA CITY LOTS LOT 8 BLOCK 33 W 50 E 100
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1920
Floors in Building
2
Flooring type
Laminate, Carpet, Wood, Tile, Tile - Ceramic, Concrete
Roof type
Composition
Architectural style
Other
Listing Agency:
BHHS Ambassador Real Estate · Berkshire Hathaway HomeServices
(402) 493-4663
Listed By:
Iris Lobo · License #20180044
(402) 880-5572
Added: Aug 18
Changed: Aug 23
Last Checked: Aug 24 at 1:06PM
MLS# 22623697
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.
Built in 1920, this brick triplex contains three separate living areas within 2,601 square feet. The main level includes three bedrooms and one bathroom, while the upper level offers two bedrooms and one bathroom. The finished lower level is configured with three bedrooms and one bathroom. A detached two-car garage and off-street parking serve the property, which also includes a patio.
Recent improvements include a new HVAC system, water heater, egress windows, garage roof, and concrete along part of the driveway. Forced-air heating and central air are in place, with laminate, tile, wood, carpet, and concrete flooring throughout. Existing leases extend through the end of 2026. The property is located at 2718 F Street in Omaha, Nebraska, on a 0.13-acre lot.
Recent improvements include a new HVAC system, water heater, egress windows, garage roof, and concrete along part of the driveway. Forced-air heating and central air are in place, with laminate, tile, wood, carpet, and concrete flooring throughout. Existing leases extend through the end of 2026. The property is located at 2718 F Street in Omaha, Nebraska, on a 0.13-acre lot.
Key Highlights
- Three separate living areas with 8 bedrooms and 3 bathrooms
- 2,601 square feet on a 0.13‑acre lot
- Leases in place through the end of 2026
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
Lease Details
3
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living areas include varied bedroom layouts, updated systems, and access to a detached two-car garage.
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 separate living areas with 8 bedrooms and 3 bathrooms; 2,601 square feet on a 0.13‑acre lot; Leases in place through the end of 2026
