Four-Unit Multifamily
For Sale
$462,000
5148 Dodge St, Omaha, NE 68132
Separate residential units create a multi-tenant configuration near major thoroughfares in Omaha.
Property Size3,468 SF
Price / SF$133.22
Days on Market61
Property Features for 5148 Dodge St
General Information
Standard status
Active
Size
3,468 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1924
Listing Agency:
Nebraska Realty
Listed By:
Katherine Benak
(402) 850-9906
Source:
Thatcheromaha
Added: Aug 16
Changed: Oct 11
Last Checked: Oct 7 at 1:56PM
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 Nebraska Realty
Investment Insights
Based on property information with market context.
Located at 5148 Dodge St in Omaha, this multifamily property contains 3,468 square feet and four separate residential units. Constructed in 1924, the building offers a distinct multi-unit layout within an established residential setting.
The property provides access to major thoroughfares, shopping, dining, entertainment, and employment centers. Its Omaha location and four-unit configuration support a straightforward residential income property profile for buyers seeking multiple units within one building.
The property provides access to major thoroughfares, shopping, dining, entertainment, and employment centers. Its Omaha location and four-unit configuration support a straightforward residential income property profile for buyers seeking multiple units within one building.
Key Highlights
- Four separate residential units in one multifamily property
- 3,468 square feet of building area
- Built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,304
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,080
$606.1K
Cap Rate 7%
$432,914
$432.9K
Cap Rate 9%
$336,711
$336.7K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$46.6K $13.44/SF
− Vacancy
−$3.3K −$0.96/SF
EGI
$43.3K $12.48/SF
− OpEx
−$13.0K −$3.74/SF
NOI
$30.3K $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%
$606,080
Cap Rate 7%
$432,914
Cap Rate 9%
$336,711
Alternative Uses
Best Use
Multifamily LT 5
$432.9K
$378.8K – $505.1K
NOI $30,304 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.8K
NOI $27,947 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$912.4K
$798.4K – $1.06M
NOI $63,869 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 68132, NE
13,729
Population
6,856
Households
2
Avg Household Size
35
Median Age
63%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,280
Density / Sq Mi
$81,556
Median Household Income
$51,430
Median Earnings
$979
Median Rent
$324,600
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate residential units create a multi-tenant configuration near major thoroughfares in Omaha.
Where is this quadplex located?
The property is located at 5148 Dodge St Omaha, NE.
What is the asking price?
The asking price for this property is $462,000.
What are key features of this property?
This property features: Four separate residential units in one multifamily property; 3,468 square feet of building area; Built in 1924
