3-Unit Triplex with Commercial
3941 X Street, Omaha, NE 68107
For Sale
$350,000
Individually metered apartments have updated plumbing and electrical systems, with tenants responsible for their utilities.
Property Size2,600 SF
Price / SF$134.62
Days on Market12
Property Features for 3941 X Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
commercial washer/dryer
Walk-Out Access
true
3
false
6
Assessor
Over 1/4 up to 1/2 Acre
Public
13100
12
131 x 100
0.3007
Concrete Perimeter
2600
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Maxim Realty Group LLC
Listed By:
Claudia Goll
Source:
Dodgecountyrealtygroup
Added: Oct 30
Changed: Nov 9
Last Checked: Nov 9 at 9:42PM
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 Maxim Realty Group LLC
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Investment Insights
Based on property information with market context.
This 2,600-square-foot triplex contains three units and includes commercial laundry equipment on site. Plumbing and electrical systems were updated in 2022. The apartments are individually metered, and tenants pay their own utilities. The property is fully occupied and was built in 1920.
The building occupies a 0.3007-acre corner parcel at 3941 X Street in Omaha. Parks, schools, churches, shopping areas, highways, and main streets are described as minutes away.
The building occupies a 0.3007-acre corner parcel at 3941 X Street in Omaha. Parks, schools, churches, shopping areas, highways, and main streets are described as minutes away.
Key Highlights
- Three‑unit property with commercial washer and dryer on site
- Plumbing and electrical updated in 2022
- 2,600 square feet on a 0.3007‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,665
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,300
$553.3K
Cap Rate 7%
$395,214
$395.2K
Cap Rate 9%
$307,389
$307.4K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$42.1K $16.20/SF
− Vacancy
−$2.6K −$1.00/SF
EGI
$39.5K $15.20/SF
− OpEx
−$11.9K −$4.56/SF
NOI
$27.7K $10.64/SF
Area
ZIP 68107
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,300
Cap Rate 7%
$395,214
Cap Rate 9%
$307,389
Alternative Uses
Best Use
Multifamily LT 5
$395.2K
$345.8K – $461.1K
NOI $27,665 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$350.7K
$306.9K – $409.1K
NOI $24,548 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$678.6K
$593.8K – $791.7K
NOI $47,502 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 68107, NE
31,064
Population
10,253
Households
3
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
6.6 sq mi
ZIP Area
4,707
Density / Sq Mi
$59,988
Median Household Income
$34,804
Median Earnings
$1,015
Median Rent
$142,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Individually metered apartments have updated plumbing and electrical systems, with tenants responsible for their utilities.
Where is this triplex located?
The property is located at 3941 X Street Omaha, NE.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑unit property with commercial washer and dryer on site; Plumbing and electrical updated in 2022; 2,600 square feet on a 0.3007‑acre corner lot
