3416 Gertrude St, Bellevue, NE 68147
24-unit apartment campus with updated one and two-bedroom apartments.
- Added:
- Jan 29, 2026
- Days on Market:
- 149
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 3416 Gertrude St
General Information
- Standard status
- Active
- Size
- 18,720 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing office RE/MAX Concepts
Listing date Jan 29, 2026
Source Crexi
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 RE/MAX Concepts
HighLights
- Substantially updated apartments with updated kitchens, bathrooms, flooring, and fixtures.
- 24‑unit apartment campus.
- Features a mix of (7) two‑bedroom and (17) one‑bedroom units.
- Long‑term hold opportunity.
- Potential to increase income annually.
- Well‑located property.
Overview
Local Financial Insights For Apartment 5plus
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 | $339.2k | $18.12 |
| − Vacancy | −$14.9k | −$0.80 |
| EGI | $324.3k | $17.32 |
| − OpEx | −$145.9k | −$7.80 |
| NOI | $178.4k | $9.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bellevue
- County
- Sarpy
- State
- Nebraska
- Longitude
- -95.9660955
- Latitude
- 41.189317
