Building Details

Year Built 1950

Listing Agency: BHHS Ambassador Real Estate

Listed By: Heidi Cline Show Phone

Source: Tenaciousrealty

Added: Aug 10 Changed: Oct 16 Last Checked: Oct 16 at 9:23AM

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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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Investment Insights

Based on property information with market context.

Located at 5837-5839 Lafayette Avenue in Omaha, this duplex was built in 1950 and contains two separate residential units. The unit mix includes one 3 Bed / 1 Bath residence and one 2 Bed / 1 Bath residence, with distinct living spaces for each household. Both units are currently occupied by long-term tenants, providing established rental occupancy at closing.

Each unit includes a full unfinished basement, creating additional interior space for storage or future renovation work. The property is situated near the Dundee and Fairacres areas. Showings require 24-hour notice, and 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 residences
• Both units are fully occupied by long‑term tenants
• Full unfinished basement included with each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,302

Cap Rate

6.07%

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

Is this asking price fair?

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 (±1% cap)

NOI $17,302 @ 7.0% cap · market cap 6.07%

Second Best

Apartment 5plus

$227.9K

$199.5K – $265.9K (±1% cap)

NOI $15,956 @ 7.0% cap · market cap 5.60%

Theoretical Best

Office A

$520.9K

$455.8K – $607.8K (±1% cap)

NOI $36,465 @ 7.0% cap · market cap 12.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm HVAC Service Building Supply Electrical Service Auto Parts Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with separate living areas, established tenancy, and unfinished lower-level space for future improvements.

Where is this duplex located?

The property is located at 5837-5839 Lafayette Avenue Omaha, NE.

What is the asking price?

The asking price for this property is $285,000.

What are key features of this property?

This property features: Two‑unit duplex with 3 Bed / 1 Bath and 2 Bed / 1 Bath residences; Both units are fully occupied by long‑term tenants; Full unfinished basement included with each unit