Building Details

Year Built 1925

Buildings 1

Stories 2

Listing Agency: BHHS Ambassador Real Estate

Listed By: William Barker · License #20160100 Show Phone

Source: Thatcheromaha

Added: Aug 7 Changed: Oct 6 Last Checked: Oct 16 at 11:30AM

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Investment Insights

Based on property information with market context.

This remodeled duplex contains 1,872 square feet across two stories, with two residential units that each include two bedrooms and one bathroom. Improvements include updated kitchens and baths, refreshed wood flooring, bright living areas, and functional floor plans. The property was built in 1925 while incorporating more recent interior updates.

Located at 825-827 N 47th St in Omaha’s Dundee neighborhood, the property is near shopping, dining, parks, and nightlife, with convenient interstate access. Its two-unit configuration supports separate residential occupancy within a single property.

Key Highlights

• Two‑story duplex with 1,872 square feet
• Two units, each with 2 bedrooms and 1 bathroom
• Remodeled interiors with updated kitchens and baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,358

Cap Rate

4.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$327,160 $327.2K

Cap Rate 7%

$233,686 $233.7K

Cap Rate 9%

$181,756 $181.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,872 SF

Gross rent

$25.2K $13.44/SF

− Vacancy

−$1.8K −$0.96/SF

EGI

$23.4K $12.48/SF

− OpEx

−$7.0K −$3.74/SF

NOI

$16.4K $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 Rate 5%

$327,160

Cap Rate 7%

$233,686

Cap Rate 9%

$181,756

Alternative Uses

Best Use

Multifamily LT 5

$233.7K

$204.5K – $272.6K (±1% cap)

NOI $16,358 @ 7.0% cap · market cap 4.19%

Second Best

Apartment 5plus

$215.5K

$188.6K – $251.4K (±1% cap)

NOI $15,086 @ 7.0% cap · market cap 3.87%

Theoretical Best

Office A

$492.5K

$431.0K – $574.6K (±1% cap)

NOI $34,476 @ 7.0% cap · market cap 8.84%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm Barber Shop (Bike/Boat/Book/etc) Store Carpet & Flooring Store Florist

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

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,290

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-story layout with updated kitchens, baths, finishes, and refreshed wood flooring in both units.

Where is this duplex located?

The property is located at 825 825-827 N 47th St Omaha, NE.

What is the asking price?

The asking price for this property is $390,000.

What are key features of this property?

This property features: Two‑story duplex with 1,872 square feet; Two units, each with 2 bedrooms and 1 bathroom; Remodeled interiors with updated kitchens and baths