Triplex with In-Unit
For Sale
$450,000
519 S 34 Street, Omaha, NE 68105
Three separately configured residences include a washer and dryer within each unit.
Property Size3,124 SF
Price / SF$144.05
Days on Market21
Property Features for 519 S 34 Street
General Information
Standard status
Active
Size
3,124 SF
Property subtype
Multi-Family
Units
Unit Mix
2BR basement unit, 3BR/1BA main-floor unit, 4BR/2BA upper unit
Multifamily Units
3
Amenities
in-unit washer/dryer
Building Details
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
Synergy Real Estate & Dev Corp
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Sep 18
Changed: Oct 4
Last Checked: Oct 7 at 12:05PM
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 Synergy Real Estate & Dev Corp
Investment Insights
Based on property information with market context.
This 3,124-square-foot triplex, built in 1915, contains three residences with distinct layouts. The unit mix includes a 2BR basement apartment, a 3BR/1BA main-level residence, and a 4BR/2BA upper-level residence. Each unit has an in-unit washer and dryer. Two residences are occupied, while the third has recently been vacated and is ready for occupancy.
The property is located at 519 S 34 Street in Omaha, Nebraska 68105. Its three-level configuration and varied bedroom counts provide a range of residential layouts within one multifamily asset.
The property is located at 519 S 34 Street in Omaha, Nebraska 68105. Its three-level configuration and varied bedroom counts provide a range of residential layouts within one multifamily asset.
Key Highlights
- 3,124‑square‑foot triplex built in 1915
- Three‑unit layout with 2BR basement, 3BR/1BA main‑level, and 4BR/2BA upper‑level residences
- In‑unit washer and dryer provided in all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,298
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,960
$546.0K
Cap Rate 7%
$389,971
$390.0K
Cap Rate 9%
$303,311
$303.3K
Market Conditions
NOI Build-Up for 3,124 SF
Gross rent
$42.0K $13.44/SF
− Vacancy
−$3.0K −$0.96/SF
EGI
$39.0K $12.48/SF
− OpEx
−$11.7K −$3.74/SF
NOI
$27.3K $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%
$545,960
Cap Rate 7%
$389,971
Cap Rate 9%
$303,311
Alternative Uses
Best Use
Multifamily LT 5
$390.0K
$341.2K – $455.0K
NOI $27,298 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$359.6K
$314.7K – $419.6K
NOI $25,175 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$821.9K
$719.2K – $958.9K
NOI $57,534 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,609
Businesses Nearby
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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
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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?
Triplex - Three separately configured residences include a washer and dryer within each unit.
Where is this triplex located?
The property is located at 519 S 34 Street Omaha, NE.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,124‑square‑foot triplex built in 1915; Three‑unit layout with 2BR basement, 3BR/1BA main‑level, and 4BR/2BA upper‑level residences; In‑unit washer and dryer provided in all three units
