Listing Agency: Liberty Core Real Estate Show Phone

Listed By: Kyle L. Anderson Show Phone

Source: Exprealty

Added: Aug 21 Changed: Oct 10 Last Checked: Oct 15 at 1:51AM

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Investment Insights

Based on property information with market context.

This triplex includes three residential units with distinct laundry configurations. Unit #2, located on the second floor, is the larger residence and has been remodeled for new tenancy. The basement Unit #3 has also been remodeled and is ready for occupancy. Units #2 and #3 share coin-operated laundry accessed through a separate entrance, while Unit #1 has its own in-unit laundry and is currently rented.

The property includes a large yard and off-street parking. Benson Park is within walking distance, and the Benson business district is nearby, placing the property close to established recreational and commercial destinations.

Key Highlights

• Three‑unit multifamily property with a large yard and ample off‑street parking
• Remodeled second‑floor Unit #2 is ready for new tenancy
• Remodeled basement Unit #3 is ready for occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,956

Cap Rate

7.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$439,120 $439.1K

Cap Rate 7%

$313,657 $313.7K

Cap Rate 9%

$243,956 $244.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,380 SF

Gross rent

$32.8K $13.80/SF

− Vacancy

−$1.5K −$0.62/SF

EGI

$31.4K $13.18/SF

− OpEx

−$9.4K −$3.95/SF

NOI

$22.0K $9.23/SF

Area

ZIP 68104

Vacancy

4.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$439,120

Cap Rate 7%

$313,657

Cap Rate 9%

$243,956

Alternative Uses

Best Use

Multifamily LT 5

$313.7K

$274.5K – $365.9K (±1% cap)

NOI $21,956 @ 7.0% cap · market cap 7.84%

Second Best

Apartment 5plus

$290.2K

$253.9K – $338.6K (±1% cap)

NOI $20,315 @ 7.0% cap · market cap 7.26%

Theoretical Best

Office A

$830.3K

$726.5K – $968.7K (±1% cap)

NOI $58,120 @ 7.0% cap · market cap 20.76%

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

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Dental Office Big Box & Wholesale Store Restaurant

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

328

Businesses Nearby

Explore this area Business Placement

Demographics for 68104, NE

36,706

Population

16,330

Households

2.2

Avg Household Size

34

Median Age

31%

College-Educated

84%

High-School Grad

6.6 sq mi

ZIP Area

5,562

Density / Sq Mi

$57,488

Median Household Income

$38,703

Median Earnings

$1,049

Median Rent

$157,700

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?

Triplex - Three-unit property with updated residences, shared laundry, and a large yard near Benson Park.

Where is this triplex located?

The property is located at 6779 Military Ave Omaha, NE.

What is the asking price?

The asking price for this property is $280,000.

What are key features of this property?

This property features: Three‑unit multifamily property with a large yard and ample off‑street parking; Remodeled second‑floor Unit #2 is ready for new tenancy; Remodeled basement Unit #3 is ready for occupancy