Occupied Duplex with Unfinished
For Sale
$290,000
Pending
5829-5831 Lafayette Avenue, Omaha, NE 68132
Two-unit property with separate living areas and full unfinished basements.
Property Size1,980 SF
Days on Market70
Property Features for 5829-5831 Lafayette Avenue
General Information
Standard status
Pending
Size
1,980 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
1950
Listing Agency:
Nebraska Realty
(402) 575-1914
Listed By:
The Ignite Team
(402) 429-5650
Source:
Theigniteteam
Added: Aug 10
Changed: Oct 16
Last Checked: Oct 16 at 8:24AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two separate residences with practical layouts: one unit offers 3 bedrooms and 1 bathroom, while the other provides 2 bedrooms and 1 bathroom. Each unit includes its own living space and a full unfinished basement. The property measures 1,980 square feet and was built in 1950.
Both units are currently occupied, providing existing rental income. The property is located near Dundee and the Fairacres area in Omaha, at 5829-5831 Lafayette Avenue. It may be acquired individually or as part of a package. Showings require 24-hour notice.
Both units are currently occupied, providing existing rental income. The property is located near Dundee and the Fairacres area in Omaha, at 5829-5831 Lafayette Avenue. It may be acquired individually or as part of a package. Showings require 24-hour notice.
Key Highlights
- Fully occupied duplex with existing tenants
- Unit mix includes 3 Bed / 1 Bath and 2 Bed / 1 Bath residences
- 1,980 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,302
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,040
$346.0K
Cap Rate 7%
$247,171
$247.2K
Cap Rate 9%
$192,244
$192.2K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$26.6K $13.44/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$24.7K $12.48/SF
− OpEx
−$7.4K −$3.74/SF
NOI
$17.3K $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%
$346,040
Cap Rate 7%
$247,171
Cap Rate 9%
$192,244
Alternative Uses
Best Use
Multifamily LT 5
$247.2K
$216.3K – $288.4K
NOI $17,302 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$520.9K
$455.8K – $607.8K
NOI $36,465 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
147
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate living areas and full unfinished basements.
Where is this duplex located?
The property is located at 5829-5831 Lafayette Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Fully occupied duplex with existing tenants; Unit mix includes 3 Bed / 1 Bath and 2 Bed / 1 Bath residences; 1,980 square feet
