7301 Corby Street, Omaha, NE 68134
36-unit apartment community with detached garages and a mix of one- and two-bedroom units for renter-ready income.
- Added:
- May 29, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 6 at 2:34 am
Property Features for 7301 Corby Street
General Information
- Standard status
- Active
- Size
- 24,685 SF
- Lot size
- 1.04 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing agent Adam Lewis License #CO. ER100091205
Listing office Marcus & Millichap - Denver
Listing date May 29, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Denver
HighLights
- 36‑unit multifamily community built in 1969 on a 1.04‑acre site in northwest Omaha
- Unit mix includes 22 one‑bedroom units (~625 SF) and 14 two‑bedroom units (~781 SF)
- Features 9 income‑generating detached garages on‑site
- Rents are approximately 14.4% below the property’s highest achieved in‑place rents
- Projected embedded upside of more than $65,000 in additional gross rent
- Located near Interstate 680 and Dodge Street for convenient access to major employment centers and Omaha metro transportation routes
Overview
The community is located within an established residential corridor with convenient access to major employment centers, retail amenities, healthcare facilities, and regional transportation routes. It is near major thoroughfares including Interstate 680 and Dodge Street, supporting connectivity to Downtown Omaha, West Omaha, and other metro employment nodes.
For prospective buyers, Corby Street Apartments presents a straightforward, existing rental housing platform with both garage revenue and 1- and 2-bedroom demand coverage. The current rent position is approximately 14.4% below the highest achieved in-place rents at the property, and the remarks indicate meaningful embedded upside through interior upgrades, operational improvements, and rent optimization toward projected levels. Overall, the asset is positioned for long-term ownership in a well-connected Omaha submarket with durable renter demand drivers.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $391.0k | $15.84 |
| − Vacancy | −$29.3k | −$1.19 |
| EGI | $361.7k | $14.65 |
| − OpEx | −$162.8k | −$6.59 |
| NOI | $198.9k | $8.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Sarpy
- State
- Nebraska
- Longitude
- -96.0260438
- Latitude
- 41.2840286
