Duplex with Separate
New
For Sale
$350,000
5628 Pierce Street, Omaha, NE 68106
DUPLEX - Omaha, NE
Property Size1,920 SF
Lot Size0.12 Acres
Price / SF$182.29
Days on Market3
Property Features for 5628 Pierce Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Rooms
Bathroom 2, Dining Room, Bathroom 1, Basement, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Garage - Detached
Patio and Porch features
Porch
Interior features
Cable Available, Ceiling Fan, Formal Dining Room
Exterior features
Porch
Fireplace
1
Appliances
Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
Elmwood Acres
Lot features
Curb Cut, In City, In Subdivision, Level, Public Sidewalk
Elementary school
Washington
Middle school
Lewis and Clark
High school
Central
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Standard status
Active
APN
1018950000
Size
1,920 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Elmwood Acres lot 7 Block 0 S 14 E 50.4 FT LT 2 & E 50.4 N 97 FT 50.4 X 111
Tax Annual Amount
5446
Legal Description
Elmwood Acres lot 7 Block 0 S 14 E 50.4 FT LT 2 & E 50.4 N 97 FT 50.4 X 111
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1926
Floors in Building
2
Roof type
Composition
Architectural style
Other
Listing Agency:
BHHS Ambassador Real Estate · Berkshire Hathaway HomeServices
(402) 493-4663
Listed By:
Bryce Penke
(402) 578-9006
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 6:06AM
MLS# 22621709
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers a flexible layout designed for dual-unit rentals or multi-generational living, with two full kitchens and separate metering. The home includes three bedrooms, two bathrooms, a formal dining room, and a fireplace. Forced-air heating and central air provide year-round comfort. Cable is available, and the composition roof supports long-term durability.
Outside, the property features a porch and a detached garage, along with off-street parking for tenant and guest convenience.
Built in 1926 and set on a 0.12-acre lot, the residence provides a practical Omaha duplex configuration for buyers seeking an owner-occupant or income-focused use.
Outside, the property features a porch and a detached garage, along with off-street parking for tenant and guest convenience.
Built in 1926 and set on a 0.12-acre lot, the residence provides a practical Omaha duplex configuration for buyers seeking an owner-occupant or income-focused use.
Key Highlights
- Two full kitchens and separate metering for dual‑unit living
- 3 bedrooms and 2 bathrooms with a formal dining room
- Forced‑air heating with central air
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $13.44 |
| − Vacancy | −$1.8k | −$0.96 |
| EGI | $24.0k | $12.48 |
| − OpEx | −$7.2k | −$3.74 |
| NOI | $16.8k | $8.74 |
1,920 SF · lease $13.44/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.7K
$209.7K – $279.6K
NOI $16,777 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$221.0K
$193.4K – $257.9K
NOI $15,473 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$505.1K
$442.0K – $589.3K
NOI $35,360 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 68106, NE
21,871
Population
10,935
Households
2
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
4,206
Density / Sq Mi
$70,649
Median Household Income
$46,958
Median Earnings
$1,234
Median Rent
$202,900
Median Home Value
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?
Duplex - Duplex with two full kitchens, separate metering, and central air, plus a detached garage and off-street parking.
Where is this duplex located?
The property is located at 5628 Pierce 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: Two full kitchens and separate metering for dual‑unit living; 3 bedrooms and 2 bathrooms with a formal dining room; Forced‑air heating with central air
