Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1202 Howard St Omaha, NE 68102

    Sponsored
    For Sale
    $7,000,000

    Historic building, 15 units, high ROI.

    Property size:
    23,307 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a meticulously renovated, mixed-use building situated in Omaha's vibrant Old Market district. The property, known as the Gahm Block, is listed on the National Register of Historic Places, preserving its historical charm while offering modern amenities. The building comprises fifteen upscale apartments, ranging in size from 721 to 1,624 square feet, spread across five stories. Recent renovations have transformed the upper four floors into these desirable residential units. The building also features a ground-level retail space, adding to its versatility and income potential. With a total square footage of 23,307, the property boasts a strong pro-forma NOI of $381,022 and a pro-forma cap rate of 5.44%. The asking price is $7,000,000, translating to a price per unit of $466,667 and a price per square foot of $300.34. The 0.11-acre lot is located at 1202 Howard Street, Omaha, Nebraska, 68102 (APN: 0314250002). This prime location within the historic Old Market offers exceptional visibility and access to a thriving urban environment. The building's strong financial performance, combined with its unique historical character and desirable location, makes it an attractive investment for discerning buyers seeking a high-return property in a sought-after area. The building's Class C designation reflects its historical character and the recent renovations.

    Property Features for 1202 Howard St

    General Information

    Property type
    Multifamily properties
    Square Feet
    23,307 SF
    Class
    C
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1892
    Buildings
    1
    Stories
    5
    Units
    15

    HighLights

    • Mixed‑use building with ground‑floor retail space.
    • 15 upscale apartments and 1 retail space.
    • Located in Omaha's historic Old Market district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Clio Mediterranean Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.93197846325
    Latitude
    41.255485515261

    Nearby Similar for Sale

    • $650,000

      Historic 6-Plex Near Blackstone

      Historic 6-unit multi-family property near Blackstone District and Nebraska Medicine.
      401 S 38Th Ave, Omaha, NE 68131
      View Details
    • New
      $530,000
      0.13 Acres

      Omaha Multi-Family Investment Opportunity

      Cash-flowing 6-unit apartment building near transportation and shopping.
      1039 Park Ave, Omaha, NE 68105
      View Details
    • $750,000

      Updated Mixed-Use Property in Omaha

      Modernized triplex with office and outbuilding, ideal for mixed-use.
      2603 N St, Omaha, NE 68104
      View Details
    • $550,000

      Turnkey Townhome Units in Omaha

      Well-kept duplex with long-term tenants in place.
      9221 Blondo St, Omaha, NE 68134
      View Details
    • $899,900

      Omaha Multi-Family Investment Opportunity

      Updated five-unit properties with off-street parking and coin laundry.
      4531 Hamilton St, Omaha, NE 68132
      View Details
    • $925,000

      Omaha Multifamily Investment Opportunity

      Multifamily investment opportunity in South Omaha Vinton Street corridor.
      2416 S 16Th St, Omaha, NE 68108
      View Details
    • $399,000

      Historic Field Club Multi-Family

      Well-maintained five-unit property in the heart of Field Club.
      1618 S Avenue Plz, Omaha, NE 68105
      View Details
    • New
      $395,000
      0.16 Acres

      Omaha Commercial Property For Sale

      Commercial property for sale in Omaha, Nebraska.
      1738 South 32Nd Ave, Omaha, NE 68105
      View Details
    • $395,000

      Updated Multi-Unit Investment Property

      Updated multi-unit property with five income-producing units on 1.35-acre lot.
      2322 Read St, Omaha, NE 68112
      View Details
    • $475,000

      Omaha Multi-Family Investment Opportunity

      Duplex in convenient location, ideal for investors or owner-occupants.
      10804 Borman Ave, Omaha, NE 68137
      View Details
    • $525,000

      Updated Four-Unit Multifamily Property

      Fully leased, updated four-unit property near Omaha's new streetcar line.
      3155 Jackson St, Omaha, NE 68105
      View Details
    • $425,000

      Omaha Triplex with Rental Income

      Well-maintained triplex with three units and strong rental potential.
      3206 S St, Omaha, NE 68108
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Historic building, 15 units, high ROI.
    Where is this multifamily property located?
    The property is located at 1202 Howard St Omaha, NE.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Mixed-use building with ground-floor retail space.; 15 upscale apartments and 1 retail space.; Located in Omaha's historic Old Market district.
    Request Owner's contact information
    1202 Howard St Omaha, NE 68102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1202 Howard St
    Omaha, NE 68102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1202 Howard St Omaha, NE 68102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.