Brick Triplex With Detached
New
For Sale
$310,000
2718 F Street, Omaha, NE 68107
RESIDENTIAL, 1.5 Story, Omaha, NE
Property Size2,601 SF
Lot Size0.13 Acres
Price / SF$119.18
Days on Market4
Property Features for 2718 F Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 1, Basement, Bedroom 2, Bedroom 8, Bedroom 4, Bedroom 7, Bathroom 3, Bedroom 5, Bathroom 2
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
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, Concrete, Tile - Ceramic, Wood, Tile, Carpet
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 27
Last Checked: Aug 30 at 3:06AM
MLS# 22624717
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 1920 brick triplex contains 2,601 square feet across three separately configured living spaces. The main level includes 3 bedrooms and 1 bathroom, the upper level offers 2 bedrooms and 1 bathroom, and the finished lower level adds 3 bedrooms and 1 bathroom. Interior features include wood, laminate, carpet, concrete, ceramic tile, and tile flooring, along with forced-air heating and central air conditioning.
Property improvements include a new HVAC system, new water heater, new egress windows, a new garage roof, and new concrete along part of the driveway. A detached 2-car garage, off-street parking, and a patio provide additional utility. Existing leases extend through the end of 2026. The property occupies 0.13 acres in Omaha, Nebraska.
Property improvements include a new HVAC system, new water heater, new egress windows, a new garage roof, and new concrete along part of the driveway. A detached 2-car garage, off-street parking, and a patio provide additional utility. Existing leases extend through the end of 2026. The property occupies 0.13 acres in Omaha, Nebraska.
Key Highlights
- Triplex with 2,601 square feet and three separate living spaces
- Main level: 3 bedrooms and 1 bathroom
- Upper level: 2 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
8.93%
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 8.93%
Second Best
Apartment 5plus
$350.8K
$307.0K – $409.3K
NOI $24,558 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$678.9K
$594.0K – $792.0K
NOI $47,521 @ 7.0% cap · market cap 15.33%
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate living areas include a finished lower level and off-street parking.
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 $310,000.
What are key features of this property?
This property features: Triplex with 2,601 square feet and three separate living spaces; Main level: 3 bedrooms and 1 bathroom; Upper level: 2 bedrooms and 1 bathroom
