Zero-Entry Duplex with
For Sale
$450,000
6527 & 6529 Lafayette Avenue, Omaha, NE 68132
RESIDENTIAL, 1.5 Story, Omaha, NE
Property Size1,635 SF
Lot Size0.22 Acres
Price / SF$275.23
Days on Market75
Property Features for 6527 & 6529 Lafayette Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Patio
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
Morningside
Elementary school
Western Hills
Middle school
Lewis and Clark
High school
Benson
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Directions
GPS
Standard status
Active
APN
1813410000
Size
1,635 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MORNINGSIDE ADD LOT 911 BLOCK 0 W 8 FT LOT 909 E ALL LOT 910 & E 27 FT 75 X 133
Tax Annual Amount
5048
Legal Description
MORNINGSIDE ADD LOT 911 BLOCK 0 W 8 FT LOT 909 E ALL LOT 910 & E 27 FT 75 X 133
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
zero-entry
Building Details
Year built
1973
Floors in Building
2
Architectural style
Other
Listing Agency:
Real Broker NE, LLC
(855) 450-0442
Listed By:
Kirstie Thomas · License #20200847
(712) 370-2779
Added: Jun 16
Changed: Aug 28
Last Checked: Aug 29 at 7:06PM
MLS# 22616931
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 1,635-square-foot duplex, built in 1973, offers two zero-entry units with practical multi-level layouts. Each residence includes a primary bedroom and laundry on the main floor, two additional upstairs bedrooms, and an attached garage. Both units have newer stainless-steel appliances, while improvements include a remodeled kitchen, newer furnace and flooring in one unit, and replacement of some windows. Patios provide additional outdoor space, and the property includes forced-air heating and central air conditioning.
The duplex sits on a 0.22-acre lot at 6527 & 6529 Lafayette Avenue in Omaha. It is within walking distance of the new Western Hills Elementary and minutes from the historic Dundee and Benson areas. Both units are currently fully leased.
The duplex sits on a 0.22-acre lot at 6527 & 6529 Lafayette Avenue in Omaha. It is within walking distance of the new Western Hills Elementary and minutes from the historic Dundee and Benson areas. Both units are currently fully leased.
Key Highlights
- 1,635‑square‑foot duplex on a 0.22‑acre lot
- Two zero‑entry units, each with a main‑floor primary bedroom and laundry
- Each unit includes two additional upstairs bedrooms and an attached garage
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
$14,287
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
3.17%
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%
$285,740
$285.7K
Cap Rate 7%
$204,100
$204.1K
Cap Rate 9%
$158,744
$158.7K
Market Conditions
NOI Build-Up for 1,635 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
$22.0K $13.44/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$20.4K $12.48/SF
− OpEx
−$6.1K −$3.74/SF
NOI
$14.3K $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%
$285,740
Cap Rate 7%
$204,100
Cap Rate 9%
$158,744
Alternative Uses
Best Use
Multifamily LT 5
$204.1K
$178.6K – $238.1K
NOI $14,287 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$188.2K
$164.7K – $219.6K
NOI $13,176 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$430.2K
$376.4K – $501.9K
NOI $30,111 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
143
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 - Fully leased duplex with three-bedroom layouts, attached garages, patios, and select interior updates.
Where is this duplex located?
The property is located at 6527 & 6529 Lafayette Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,635‑square‑foot duplex on a 0.22‑acre lot; Two zero‑entry units, each with a main‑floor primary bedroom and laundry; Each unit includes two additional upstairs bedrooms and an attached garage
