2968 Poppleton AveOmaha, NE 68105

Property Details for 2968 Poppleton Ave

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

11,592 SF

Zone code

R7

Property type

Other commercial real estate

APN

917770000

APU

917770000

Description

This exceptional 14-unit apartment building presents a compelling investment opportunity in Omaha, Nebraska. Situated on a 0.24-acre lot at 2968 Poppleton Ave, this two-story brick building, constructed in 1915, boasts 11,592 square feet of net rentable space. The property comprises a mix of twelve two-bedroom units and two one-bedroom units. Significant recent upgrades enhance its value and appeal, including a new roof and gutters (2022), complete electrical and plumbing system replacements (2010), and five new water heaters (2022-2023). Seven units feature brand-new appliances (2021-2023), and approximately half of the HVAC units have been replaced. The top-floor units received a rewiring upgrade with recessed lighting in 2023. All two-bedroom units are individually metered for utilities, while a bill-back system is in place for the one-bedroom units. The property also includes five off-street parking spaces, a common laundry area with three washers and four dryers, an on-site dog relief area, updated landscaping, and a recently renovated common stairwell. The building is zoned R7 and benefits from its prime location in a tranquil residential neighborhood, conveniently situated between the Ford Birthsite and Hanscom Park, offering easy access to parks, schools, and local amenities. While some cosmetic updates remain for a value-add investor, this property represents a strong cash-flowing asset with significant upside potential. The asking price is $1,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $2,941,620

  Hospitality

  $2,694,508

  Educational

  $2,241,799

  Medical

  $2,318,898

  Retail

  $3,487,243

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2472

Longitude

-95.9569

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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