Remodeled Duplex with Detached
For Sale
Contact for pricing
918 S 25th Ave, Omaha, NE 68105
R-7 property with separate basements and ADU potential.
Property Size2,656 SF
Price / SF$137.42
Days on Market131
Property Features for 918 S 25th Ave
General Information
Standard status
Active
Size
2,656 SF
Class
C
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
R-7
Occupancy
50%
Investment Type
Stabilized
Additional Details
Opportunity Zone
Yes
Amenities
detached garage
Building Details
Year Built
1910
Year Renovated
2023
Buildings
1
Stories
2
Units
2
Listing Agency:
NP Dodge Real Estate
Listed By:
Tony Cliffords · License #NE 20181117
Source:
Crexi
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 5:54AM
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 NP Dodge Real Estate
Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two separate residential units and has undergone a comprehensive remodel. Work completed in 2023 included a new roof, gutters, windows throughout, refreshed kitchens and bathrooms, new flooring, interior paint, and updated hardware and fixtures. Each unit also includes an unfinished walk-up basement, creating additional functional space.
The property includes an 18' x 18' detached garage and three off-street parking spaces behind the building. The garage may support additional rental revenue or an ADU, subject to applicable requirements. Located at 918 S 25th Ave in Omaha, the property carries R-7 zoning and is within a designated Opportunity Zone.
The property includes an 18' x 18' detached garage and three off-street parking spaces behind the building. The garage may support additional rental revenue or an ADU, subject to applicable requirements. Located at 918 S 25th Ave in Omaha, the property carries R-7 zoning and is within a designated Opportunity Zone.
Key Highlights
- Two‑unit duplex built in 1910
- 2023 remodel included roof, gutters, windows, kitchens, bathrooms, flooring, paint, hardware, and fixtures
- 18' x 18' detached garage with ADU potential
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
$23,209
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
6.36%
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%
$464,180
$464.2K
Cap Rate 7%
$331,557
$331.6K
Cap Rate 9%
$257,878
$257.9K
Market Conditions
NOI Build-Up for 2,656 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
$35.7K $13.44/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$33.2K $12.48/SF
− OpEx
−$9.9K −$3.74/SF
NOI
$23.2K $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%
$464,180
Cap Rate 7%
$331,557
Cap Rate 9%
$257,878
Alternative Uses
Best Use
Multifamily LT 5
$331.6K
$290.1K – $386.8K
NOI $23,209 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$305.8K
$267.6K – $356.7K
NOI $21,404 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$698.8K
$611.4K – $815.3K
NOI $48,915 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,954
Businesses Nearby
Explore this area
Business Placement
Demographics for 68105, NE
22,669
Population
10,633
Households
2.1
Avg Household Size
32
Median Age
35%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
6,297
Density / Sq Mi
$53,253
Median Household Income
$36,969
Median Earnings
$1,010
Median Rent
$187,600
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 - R-7 property with separate basements and ADU potential.
Where is this duplex located?
The property is located at 918 S 25th Ave Omaha, NE.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1910; 2023 remodel included roof, gutters, windows, kitchens, bathrooms, flooring, paint, hardware, and fixtures; 18' x 18' detached garage with ADU potential
