Duplex with Unfinished
5829-5831 Lafayette Avenue Omaha, NE 68132
DUPLEX - Omaha, NE
Property size:
1,980 SFLot size:
0.18 AcresPrice / SF:
$159/SF- Added:
- Jun 24, 2026
- Days on Market:
- 17
- Last Refresh:
- Jul 10 at 2:06 pm
Property Features for 5829-5831 Lafayette Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 4, Basement, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- Central Vacuum
- Exterior features
- Porch
- Standard status
- Active
- APN
- 0925390000
- Size
- 1,980 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DILLONS 9TH ADD LOT 10 BLOCK 0 58 X 137
- Tax Annual Amount
- 3817
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Architectural style
- Ranch
Listing agent Caleb Lanphear (402) 690-4239
Listing office Nebraska Realty 17117 Burt St, Lincoln, NE (402) 491-0100
Listing date Jun 24, 2026
MLS# 22617806
Listing URL
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 fully occupied duplex offers two separate residential units with functional layouts. One unit features 3 bedrooms and 1 bathroom, while the second unit features 2 bedrooms and 1 bathroom. Both living spaces provide independent functionality, and each unit includes a full unfinished basement, which can be used for storage today and offers space for future updates as desired by the owner. The property is presented for sale as a duplex structure with current tenant occupancy.
The property is located near the Dundee and Fairacres area of Omaha, Nebraska. Showings are tenant-occupied and require 24-hour notice. The seller has indicated that the property may be purchased individually or as part of a package, with additional details available upon request.
For investors or buyers seeking an income-producing residential asset, this duplex is positioned to deliver immediate rental income with both unit types currently occupied. The unfinished basements add flexibility for personalization or renovation planning over time, depending on the buyer’s approach. Prospective buyers should review unit performance and condition details with the listing broker, and allow for the required notice period for any interior access.
The property is located near the Dundee and Fairacres area of Omaha, Nebraska. Showings are tenant-occupied and require 24-hour notice. The seller has indicated that the property may be purchased individually or as part of a package, with additional details available upon request.
For investors or buyers seeking an income-producing residential asset, this duplex is positioned to deliver immediate rental income with both unit types currently occupied. The unfinished basements add flexibility for personalization or renovation planning over time, depending on the buyer’s approach. Prospective buyers should review unit performance and condition details with the listing broker, and allow for the required notice period for any interior access.
Key Highlights
- Value‑add duplex with long‑term, tenant‑occupied units (24‑hour notice required for showings).
- Each duplex unit mix includes a 3 bed/1 bath and a 2 bed/1 bath with separate living spaces.
- Full unfinished basements for added value‑add potential.
Local 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 | $26.6k | $13.44 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $24.7k | $12.48 |
| − OpEx | −$7.4k | −$3.74 |
| NOI | $17.3k | $8.74 |
1,980 SF · lease $13.44/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.2K
$216.3K – $288.4K
NOI $17,302 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$520.9K
$455.8K – $607.8K
NOI $36,465 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully occupied duplex with separate units, 3-bed/1-bath and 2-bed/1-bath layouts, and unfinished basements for future updates.
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 $315,000.
What are key features of this property?
This property features: Value‑add duplex with long‑term, tenant‑occupied units (24‑hour notice required for showings).; Each duplex unit mix includes a 3 bed/1 bath and a 2 bed/1 bath with separate living spaces.; Full unfinished basements for added value‑add potential.
