Duplex with Dual
For Sale
$325,000
5628 Pierce Street, Omaha, NE 68106
RESIDENTIAL, 2 Story, Omaha, NE
Property Size1,920 SF
Lot Size0.12 Acres
Price / SF$169.27
Days on Market41
Property Features for 5628 Pierce Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Basement, Dining Room, Bathroom 2, Bathroom 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
Range, Refrigerator, Washer, Dryer, Disposal, Microwave
Subdivision
Elmwood Acres
Lot features
In City, In Subdivision, Public Sidewalk, Curb Cut, Level
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
Additional Details
Individually Metered Utilities
unspecified utilities
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
Buildings
1
Listing Agency:
BHHS Ambassador Real Estate · Berkshire Hathaway HomeServices
(402) 493-4663
Listed By:
Bryce Penke
(402) 578-9006
Added: Sep 21
Changed: Oct 30
Last Checked: Oct 31 at 12:06PM
MLS# 22627220
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.
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Investment Insights
Based on property information with market context.
This two-story duplex contains 1,920 square feet on a 0.12-acre lot. The layout includes 3 bedrooms, 2 bathrooms, two kitchens, and separate utility metering. Built in 1926, the property also has a porch and detached garage, with forced-air heating and central air conditioning.
The property is in Omaha’s Dundee area, with Aksarben Village and Elmwood Park nearby. Interstate access is also noted.
The property is in Omaha’s Dundee area, with Aksarben Village and Elmwood Park nearby. Interstate access is also noted.
Key Highlights
- 1,920 square feet on a 0.12‑acre lot
- Two‑story configuration with 3 bedrooms, 2 bathrooms, and two kitchens
- Separate utility metering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,777
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,540
$335.5K
Cap Rate 7%
$239,671
$239.7K
Cap Rate 9%
$186,411
$186.4K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$25.8K $13.44/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$24.0K $12.48/SF
− OpEx
−$7.2K −$3.74/SF
NOI
$16.8K $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%
$335,540
Cap Rate 7%
$239,671
Cap Rate 9%
$186,411
Alternative Uses
Best Use
Multifamily LT 5
$239.7K
$209.7K – $279.6K
NOI $16,777 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$221.0K
$193.4K – $257.9K
NOI $15,473 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$505.1K
$442.0K – $589.3K
NOI $35,360 @ 7.0% cap · market cap 10.88%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
469
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A 3-bedroom, 2-bath layout includes separate utility metering and a detached garage.
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 $325,000.
What are key features of this property?
This property features: 1,920 square feet on a 0.12‑acre lot; Two‑story configuration with 3 bedrooms, 2 bathrooms, and two kitchens; Separate utility metering
