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Cash-Flowing Bellevue Fourplex Opportunity

6918 S 39th St, Bellevue, NE 68147

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For Sale

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Fourplex with strong rental income, ideal for owner-occupants.

Type:Multifamily

Property size:

3,360 SF

Price / SF:

$193/SF

HighLights

Strong rental income and cash‑flowing 4‑plex.
Ideal for owner‑occupancy to live in one unit and rent the other three.
Potential for FHA or VA financing (buyer to verify).
Mix of unit sizes: two 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath units.
Low‑maintenance asset since current owner's acquisition.
Gross Income $55,560 in 2025.

We can help!

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Melvin Melendez

For Sale

Contact for pricing

Fourplex with strong rental income, ideal for owner-occupants.

Type:Multifamily

Property size:

3,360 SF

Price / SF:

$193/SF

Added:: Feb 9, 2026
Days on Market:: 138
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 6918 S 39th St

General Information

Standard status: Active
Size: 3,360 SF
Property subtype: Multifamily

Building Details

Year Built: 1962

We can help!

Contact an agent

Melvin Melendez

Listing office Nebraska Realty

Listing date Feb 9, 2026

Source Crexi

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 Nebraska Realty

HighLights

Strong rental income and cash‑flowing 4‑plex.
Ideal for owner‑occupancy to live in one unit and rent the other three.
Potential for FHA or VA financing (buyer to verify).
Mix of unit sizes: two 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath units.
Low‑maintenance asset since current owner's acquisition.
Gross Income $55,560 in 2025.

Overview

This fourplex presents an opportunity for owner-occupants or investors seeking a cash-flowing property. The building features a mix of unit sizes, including two 1-bedroom/1-bath units and two 2-bedroom/1-bath units. The property is located just south of Harrison Street. The gross income for 2025 was $55,560. The seller covers waste collection, averaging $75 per month. Utilities paid by the landlord for 2 units include water at $50 per month for one unit, and OPPD (Omaha Public Power District) and water at $120 per month for the other unit. The total yearly expenses paid by the landlord amount to $2,940. The property may be eligible for FHA or VA financing, although buyers should verify this independently. The property size is 3,360 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$54.8k	$16.32
− Vacancy	−$2.3k	−$0.68
EGI	$52.5k	$15.64
− OpEx	−$15.8k	−$4.69
NOI	$36.8k	$10.95

3,360 SF · lease $16.32/SF/yr · vacancy 4.18% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$525.4K

$459.8K – $613.0K (±1% cap)

NOI $36,780 @ 7.0% cap · market cap 5.66%

Second Best

Apartment 5plus

$457.3K

$400.2K – $533.5K (±1% cap)

NOI $32,012 @ 7.0% cap · market cap 4.92%

Theoretical Best

Office A

$901.7K

$789.0K – $1.05M (±1% cap)

NOI $63,117 @ 7.0% cap · market cap 9.71%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Bellevue
County: Sarpy
State: Nebraska
Longitude: -95.9724998
Latitude: 41.1900883

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For sale
Quadplexes
NE
Bellevue
68147
6918 S 39th St

What type of property is this?

Quadplex - Fourplex with strong rental income, ideal for owner-occupants.

Where is this quadplex located?

The property is located at 6918 S 39th St Bellevue, NE.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Strong rental income and cash‑flowing 4‑plex.; Ideal for owner‑occupancy to live in one unit and rent the other three.; Potential for FHA or VA financing (buyer to verify).