Occupied Duplex with Unfinished
For Sale
$295,000
Pending
5833-5835 Lafayette Avenue, Omaha, NE 68132
Fully leased duplex with separate living areas, a two-bedroom unit, and a three-bedroom unit.
Property Size1,980 SF
Days on Market70
Property Features for 5833-5835 Lafayette Avenue
General Information
Standard status
Pending
Size
1,980 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
1950
Listing Agency:
BHHS Ambassador Real Estate
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Aug 10
Changed: Oct 16
Last Checked: Oct 16 at 9:10AM
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 BHHS Ambassador Real Estate
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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 1,980-square-foot duplex, built in 1950, contains two separate residential units with practical layouts: one offers 3 bedrooms and 1 bathroom, while the other includes 2 bedrooms and 1 bathroom. Each unit has its own living space, and full unfinished basements provide additional interior area for storage or future improvement. The property is fully occupied by long-term tenants, providing existing rental income.
Located at 5833-5835 Lafayette Avenue in Omaha, the duplex is near the Dundee and Fairacres areas. Showings require 24-hour notice. The property may be acquired individually or as part of a package.
Located at 5833-5835 Lafayette Avenue in Omaha, the duplex is near the Dundee and Fairacres areas. Showings require 24-hour notice. The property may be acquired individually or as part of a package.
Key Highlights
- Two‑unit duplex with 3 Bed / 1 Bath and 2 Bed / 1 Bath layouts
- 1,980 SF property built in 1950
- Full unfinished basement areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,302
Cap Rate
5.87%
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 5.87%
Second Best
Apartment 5plus
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$520.9K
$455.8K – $607.8K
NOI $36,465 @ 7.0% cap · market cap 12.36%
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 - Fully leased duplex with separate living areas, a two-bedroom unit, and a three-bedroom unit.
Where is this duplex located?
The property is located at 5833-5835 Lafayette Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 Bed / 1 Bath and 2 Bed / 1 Bath layouts; 1,980 SF property built in 1950; Full unfinished basement areas in both units
