Brick Duplex with Detached
New
For Sale
$330,000
3511 3511-3513 Cuming St, Omaha, NE 68131
Two three-bedroom residences include basement laundry, with one unit occupied and the other vacant.
Property Size2,777 SF
Price / SF$118.83
Days on Market4
Property Features for 3511 3511-3513 Cuming St
General Information
Standard status
Active
Size
2,777 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
basement laundry
Building Details
Year Built
1923
Buildings
1
Construction
all-brick
Tenancy
Single
Listing Agency:
Better Homes and Gardens R.E.
Listed By:
Lisa Marie Pringle · License #20150747
(402) 660-9078
Source:
Thatcheromaha
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 7 at 1:41PM
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 Better Homes and Gardens R.E.
Investment Insights
Based on property information with market context.
Built in 1923, this brick duplex contains two three-bedroom units with hardwood floors and original woodwork. Both residences have basement laundry. One unit is leased, while the other is vacant and includes 1½ baths and a partially finished basement.
The property includes a detached two-car garage and one additional parking space behind the building. Gifford Park, Creighton, UNMC, Blackstone and downtown Omaha are nearby.
The property includes a detached two-car garage and one additional parking space behind the building. Gifford Park, Creighton, UNMC, Blackstone and downtown Omaha are nearby.
Key Highlights
- Two three‑bedroom units in a brick duplex built in 1923
- Hardwood floors and original woodwork
- Both units have basement laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,266
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,320
$485.3K
Cap Rate 7%
$346,657
$346.7K
Cap Rate 9%
$269,622
$269.6K
Market Conditions
NOI Build-Up for 2,777 SF
Gross rent
$37.3K $13.44/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$34.7K $12.48/SF
− OpEx
−$10.4K −$3.74/SF
NOI
$24.3K $8.74/SF
Area
Omaha, NE
Vacancy
7.12%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,320
Cap Rate 7%
$346,657
Cap Rate 9%
$269,622
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.3K – $404.4K
NOI $24,266 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$319.7K
$279.7K – $373.0K
NOI $22,379 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$730.6K
$639.3K – $852.4K
NOI $51,143 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 68131, NE
13,609
Population
7,861
Households
1.7
Avg Household Size
29
Median Age
46%
College-Educated
91%
High-School Grad
2.1 sq mi
ZIP Area
6,480
Density / Sq Mi
$47,800
Median Household Income
$30,808
Median Earnings
$1,081
Median Rent
$224,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include basement laundry, with one unit occupied and the other vacant.
Where is this duplex located?
The property is located at 3511 3511-3513 Cuming St 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: Two three‑bedroom units in a brick duplex built in 1923; Hardwood floors and original woodwork; Both units have basement laundry
