Remodeled 2-Unit
For Sale
$300,000
Pending
626 S 50 Avenue, Omaha, NE 68106
Updated two-unit property with separate utility metering, central HVAC, private entries, and shared garage storage.
Property Size1,840 SF
Days on Market49
Property Features for 626 S 50 Avenue
General Information
Standard status
Pending
Size
1,840 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
large yard
rear porch/deck
enclosed front entry
open basement
garage
laundry hookups
Building Details
Year Built
1903
Buildings
1
Listing Agency:
Concorde Real Estate Advisors
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 20 at 7:58PM
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 Concorde Real Estate Advisors
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Investment Insights
Based on property information with market context.
Built in 1903, this remodeled duplex contains two spacious units, each with 2 bedrooms and 1 bath. Interior improvements include custom kitchen cabinetry, solid-surface countertops, central HVAC, separately metered utilities, enclosed front entries, and rear porches or decks. The open basement adds utility space, two laundry hookups, storage, and a separate backyard entrance.
The property also includes a large yard, a long driveway, and a shared single-car garage that can support storage or rental use. Located near UNMC and an area experiencing significant redevelopment, the asset offers a two-unit configuration with updated building systems and flexible common-area support spaces.
The property also includes a large yard, a long driveway, and a shared single-car garage that can support storage or rental use. Located near UNMC and an area experiencing significant redevelopment, the asset offers a two-unit configuration with updated building systems and flexible common-area support spaces.
Key Highlights
- Two units, each with 2 bedrooms and 1 bath
- Updated kitchens with custom cabinetry and solid‑surface countertops
- Separately metered utilities and central HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,078
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,560
$321.6K
Cap Rate 7%
$229,686
$229.7K
Cap Rate 9%
$178,644
$178.6K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$24.7K $13.44/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$23.0K $12.48/SF
− OpEx
−$6.9K −$3.74/SF
NOI
$16.1K $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%
$321,560
Cap Rate 7%
$229,686
Cap Rate 9%
$178,644
Alternative Uses
Best Use
Multifamily LT 5
$229.7K
$201.0K – $268.0K
NOI $16,078 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$211.8K
$185.4K – $247.1K
NOI $14,828 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$484.1K
$423.6K – $564.8K
NOI $33,887 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
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Business Placement
Demographics for 68106, NE
21,871
Population
10,935
Households
2
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
4,206
Density / Sq Mi
$70,649
Median Household Income
$46,958
Median Earnings
$1,234
Median Rent
$202,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with separate utility metering, central HVAC, private entries, and shared garage storage.
Where is this duplex located?
The property is located at 626 S 50 Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bath; Updated kitchens with custom cabinetry and solid‑surface countertops; Separately metered utilities and central HVAC
