All-Brick Duplex with Separate
3138 N 54th Street Omaha, NE 68104
New
3138 N 54th Street, Omaha, NE, 68104
$330,000
For Sale
$330,000
DUPLEX - Omaha, NE
Property Size2,490 SF
Lot Size0.23 Acres
Price / SF$132.53
Days on Market2
Property Features for 3138 N 54th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Basement, Bathroom 2, Bedroom 2, Bedroom 3
- Patio and Porch features
- Patio, Porch
- Exterior features
- Patio, Porch
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 1830000000
- Size
- 2,490 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Mystic Park Lot 4 Block 1 E 1/2 Alley Vac & S 30th FT Lot 3 & all 65 x 135.5
- Tax Annual Amount
- 3752
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1957
- Architectural style
- Ranch
Listing Agency
Better Homes and Gardens R.E.
(402) 932-5989
1210 N 205th Street, Omaha, NE
Listed by
Dawn Grimshaw · License #20040057
(402) 305-8631
Added: Jul 20 Checked: Jul 21 at 6:06 am
MLS# 22620553
Listing URL
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 mid-century modern all-brick duplex features cove ceilings and two spacious bedrooms on each side, with one bathroom per unit. Each side includes an attached single-car garage, a fenced yard, and its own heating and cooling equipment and water heater. Utilities are separately metered and paid by the tenants, supporting independent operation on both sides. There is also room to add finished space in the basement if you choose.
The property is located across the street from Gallagher Park and the City pool, with an easy walk to schools. It is also described as a short drive to downtown Omaha, Benson, Dundee, and Blackstone.
With attached garages, fenced outdoor space, and a back-to-trees setting for added privacy, this duplex is built to provide comfortable, self-contained living on both sides.
The property is located across the street from Gallagher Park and the City pool, with an easy walk to schools. It is also described as a short drive to downtown Omaha, Benson, Dundee, and Blackstone.
With attached garages, fenced outdoor space, and a back-to-trees setting for added privacy, this duplex is built to provide comfortable, self-contained living on both sides.
Key Highlights
- 1957 mid‑century modern all‑brick duplex in a ranch style
- Each side has 2 extra‑large bedrooms and 1 bathroom
- Each unit includes its own furnace, AC, and water heater with separate utility meters paid by tenants
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.4k | $13.80 |
| − Vacancy | −$1.5k | −$0.62 |
| EGI | $32.8k | $13.18 |
| − OpEx | −$9.8k | −$3.95 |
| NOI | $23.0k | $9.23 |
2,490 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.2K
$287.1K – $382.9K
NOI $22,971 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$303.6K
$265.7K – $354.2K
NOI $21,254 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$868.7K
$760.1K – $1.01M
NOI $60,806 @ 7.0% cap · market cap 18.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Mid-century all-brick duplex offering two bedrooms per side, each with its own metered utilities and attached garage.
Where is this duplex located?
The property is located at 3138 N 54th Street Omaha, NE.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1957 mid‑century modern all‑brick duplex in a ranch style; Each side has 2 extra‑large bedrooms and 1 bathroom; Each unit includes its own furnace, AC, and water heater with separate utility meters paid by tenants
