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 Market10
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:
Bancwise Realty
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Sep 18
Changed: Sep 26
Last Checked: Sep 26 at 6:51AM
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 Bancwise Realty
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,298
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,609
Businesses Nearby
Explore this area
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
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?
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
