Updated
New
For Sale
$310,000
2901 N 45th Street, Omaha, NE 68104
Three residences have been renovated, and separate utility meters serve each unit.
Property Size2,795 SF
Price / SF$110.91
Days on Market2
Property Features for 2901 N 45th Street
General Information
Standard status
Active
Size
2,795 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Benson Neighborhood Association
Units
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,934
Amenities
Walk-Out Access
true
6
false
Assessor
Chain Link
Up to 1/4 Acre.
Public
5535
123 x 45
0.1271
No Garage
Block
2795
Building Details
Building Size
2,795 SF
Year Built
1948
Buildings
1
Listing Agency:
Nebraska Realty; M
(402) 216-7986
Listed By:
Martha Barrera · License #20170761
(402) 491-0100
Source:
Dodgecountyrealtygroup
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:06AM
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 Nebraska Realty; M
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,795 square feet and was built in 1948. Three of the units have been updated, and a roof replacement was completed in 2024. Vinyl siding is also present.
Each unit has its own utility meter and pays its own utilities. The property occupies a 0.1271-acre corner lot in Omaha, Nebraska.
Each unit has its own utility meter and pays its own utilities. The property occupies a 0.1271-acre corner lot in Omaha, Nebraska.
Key Highlights
- Four‑unit residential property with 2,795 square feet
- Three units have been updated
- Roof replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,785
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,700
$515.7K
Cap Rate 7%
$368,357
$368.4K
Cap Rate 9%
$286,500
$286.5K
Market Conditions
NOI Build-Up for 2,795 SF
Gross rent
$38.6K $13.80/SF
− Vacancy
−$1.7K −$0.62/SF
EGI
$36.8K $13.18/SF
− OpEx
−$11.1K −$3.95/SF
NOI
$25.8K $9.23/SF
Area
ZIP 68104
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,700
Cap Rate 7%
$368,357
Cap Rate 9%
$286,500
Alternative Uses
Best Use
Multifamily LT 5
$368.4K
$322.3K – $429.8K
NOI $25,785 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$340.8K
$298.2K – $397.6K
NOI $23,858 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$975.1K
$853.2K – $1.14M
NOI $68,254 @ 7.0% cap · market cap 22.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
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Business Placement
Demographics for 68104, NE
36,706
Population
16,330
Households
2.2
Avg Household Size
34
Median Age
31%
College-Educated
84%
High-School Grad
6.6 sq mi
ZIP Area
5,562
Density / Sq Mi
$57,488
Median Household Income
$38,703
Median Earnings
$1,049
Median Rent
$157,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences have been renovated, and separate utility meters serve each unit.
Where is this quadplex located?
The property is located at 2901 N 45th 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: Four‑unit residential property with 2,795 square feet; Three units have been updated; Roof replaced in 2024
