Building Details

Year Built 1962

Listing Agency: BHHS Ambassador Real Estate

Listed By: Todd Bartusek Show Phone

Source: Thatcheromaha

Added: Aug 12 Changed: Oct 25 Last Checked: Oct 7 at 1:32PM

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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 BHHS Ambassador Real Estate

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Investment Insights

Based on property information with market context.

This 1,536-square-foot duplex includes a three-bedroom unit on each side, creating a two-unit residential configuration. Recent improvements include new carpet, interior paint, low-maintenance vinyl siding, decks at both units, luxury vinyl plank flooring, newer mechanical systems, and an updated electric panel.

The property occupies a corner lot on N 33rd St in Omaha, with off-street parking and access to nearby bus lines and shopping. Its unit layout and updated finishes support separate residential occupancy within one building.

Key Highlights

• 1,536 SF duplex with 3 br on each side
• New decks added to both units
• Updated interiors with new carpet, paint, and luxury vinyl plank flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,422

Cap Rate

6.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,440 $268.4K

Cap Rate 7%

$191,743 $191.7K

Cap Rate 9%

$149,133 $149.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,536 SF

Gross rent

$20.6K $13.44/SF

− Vacancy

−$1.5K −$0.96/SF

EGI

$19.2K $12.48/SF

− OpEx

−$5.8K −$3.74/SF

NOI

$13.4K $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%

$268,440

Cap Rate 7%

$191,743

Cap Rate 9%

$149,133

Alternative Uses

Best Use

Multifamily LT 5

$191.7K

$167.8K – $223.7K (±1% cap)

NOI $13,422 @ 7.0% cap · market cap 6.71%

Second Best

Apartment 5plus

$176.8K

$154.7K – $206.3K (±1% cap)

NOI $12,378 @ 7.0% cap · market cap 6.19%

Theoretical Best

Office A

$404.1K

$353.6K – $471.5K (±1% cap)

NOI $28,288 @ 7.0% cap · market cap 14.15%

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

351

Businesses Nearby

Explore this area Business Placement

Demographics for 68111, NE

25,048

Population

9,729

Households

2.6

Avg Household Size

31

Median Age

12%

College-Educated

78%

High-School Grad

5.2 sq mi

ZIP Area

4,817

Density / Sq Mi

$41,010

Median Household Income

$31,610

Median Earnings

$1,109

Median Rent

$101,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two refreshed residential units feature new decks, durable finishes, and off-street parking.

Where is this duplex located?

The property is located at 5004 N 33rd St Omaha, NE.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: 1,536 SF duplex with 3 br on each side; New decks added to both units; Updated interiors with new carpet, paint, and luxury vinyl plank flooring