Duplex with Unfinished
New
For Sale
$295,000
5837-5839 Lafayette Avenue, Omaha, NE 68132
DUPLEX - Omaha, NE
Property Size1,980 SF
Lot Size0.18 Acres
Price / SF$148.99
Days on Market5
Property Features for 5837-5839 Lafayette Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 1, Basement
Parking features
Garage - Attached
Patio and Porch features
Porch
Exterior features
Porch
Subdivision
Dillons 9th Add
Lot features
In City
Elementary school
Harrison
Middle school
Lewis and Clark
High school
Benson
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Directions
Use GPS
Standard status
Active
APN
0925410000
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
Legal Description
DILLONS 9TH ADD LOT 10 BLOCK 0 58 X 137
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Flooring type
Wood
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Nebraska Realty
(402) 491-0100
Listed By:
Caleb Lanphear
(402) 690-4239
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 11:06PM
MLS# 22622726
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 ranch-style duplex at 5837-5839 Lafayette Avenue contains two separate residential units with a 3 Bed / 1 Bath layout and a 2 Bed / 1 Bath layout. The 1980-square-foot property includes full unfinished basements, wood flooring, forced-air heat, central air, composition roofing, an attached garage, and a porch. Built in 1950, the building sits on a 0.18-acre lot.
Both units are tenant occupied, and showings require 24-hour notice. The property is located in Omaha near the Dundee and Fairacres areas. The separate living spaces and basement areas provide defined residential configurations within a single duplex structure.
Both units are tenant occupied, and showings require 24-hour notice. The property is located in Omaha near the Dundee and Fairacres areas. The separate living spaces and basement areas provide defined residential configurations within a single duplex structure.
Key Highlights
- Two‑unit duplex with 3 Bed / 1 Bath and 2 Bed / 1 Bath layouts
- 1980 square feet on a 0.18‑acre lot
- Full unfinished basements in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,302
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
316
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied two-unit property with separate living spaces, attached garage, and porch.
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 $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; 1980 square feet on a 0.18‑acre lot; Full unfinished basements in both units
