121 35Th Ave, Omaha, NE 68131
This exceptional investment opportunity presents a meticulously maintained, two-building, three-unit apartment complex ideally situated in Omaha's vibrant Midtown neighborhood. Built in 1915, this property boasts a total of 2,772 square feet of net rentable space spread across two stories. The main unit offers one bedroom, two bathrooms, vaulted ceilings, a full basement, and a private deck accessible from a two-car garage. The two additional units each feature one bedroom and one bathroom, along with their own two-car garages and spacious basement areas. This property sits on a 0.15-acre lot, zoned R7, providing flexibility for future development or continued operation as a rental property. Its central location offers easy access to Blackstone District, Midtown Crossing, Downtown Omaha, Dundee, and Creighton University, further enhanced by its proximity to the Orbit bus stop. The asking price for this unique Mid-Century triplex is $465,000, presenting a compelling opportunity for investors seeking a strong return in a highly desirable area. The property's layout and amenities make it suitable for a variety of investment strategies, including owner-occupancy with rental income from the other units or a fully leveraged short-term rental approach. This is a rare chance to acquire a well-maintained, historically significant property in a rapidly appreciating market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.