Remodeled 2-Unit
New
For Sale
$300,000
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
Price / SF$163.04
Days on Market4
Property Features for 626 S 50 Avenue
General Information
Standard status
Active
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:
Exp Realty LLC
(402) 305-4031
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 7 at 7:24AM
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 Exp Realty LLC
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 = 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
$16,078
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
5.36%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
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
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 - 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
