Multifamily Property with 28
3503 Jones St, Omaha, NE 68105
For Sale
Contact for pricing
Multifamily property featuring 28 units for sale.
Property Size27,885 SF
Price / SF$93.38
Days on Market235
Property Features for 3503 Jones St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Units
Listing Agency:
Oak Investment Real Estate
Listed By:
Spencer Goldenberg · License NE #20170723
(913) 669-7880
Source:
Crexi
Added: Mar 23
Changed: Oct 26
Last Checked: Nov 10 at 9:10AM
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 Oak Investment Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property features 28 units. The property has a size of 27885 square feet.
Key Highlights
- Multifamily property with 28 units.
- Priced at $93,000 per unit.
- Built in 1931.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,714
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,494,280
$4.5M
Cap Rate 7%
$3,210,200
$3.2M
Cap Rate 9%
$2,496,822
$2.5M
Market Conditions
NOI Build-Up for 27,885 SF
Gross rent
$441.7K $15.84/SF
− Vacancy
−$33.1K −$1.19/SF
EGI
$408.6K $14.65/SF
− OpEx
−$183.9K −$6.59/SF
NOI
$224.7K $8.06/SF
Area
Omaha, NE
Vacancy
7.50%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,494,280
Cap Rate 7%
$3,210,200
Cap Rate 9%
$2,496,822
Alternative Uses
Best Use
Apartment 5plus
$3.21M
$2.81M – $3.75M
NOI $224,714 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.34M
$6.42M – $8.56M
NOI $513,548 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 68105, NE
22,669
Population
10,633
Households
2.1
Avg Household Size
32
Median Age
35%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
6,297
Density / Sq Mi
$53,253
Median Household Income
$36,969
Median Earnings
$1,010
Median Rent
$187,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Apartment buildings in Omaha
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property featuring 28 units for sale.
Where is this apartment building located?
The property is located at 3503 Jones St Omaha, NE.
What is the asking price?
The asking price for this property is $2,604,000.
What are key features of this property?
This property features: Multifamily property with 28 units.; Priced at $93,000 per unit.; Built in 1931.
