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    OFF-MARKET
    Commercial real estate

    121 35Th Ave, Omaha, NE 68131

    2,772 SF 0.15 ac lot Built 1915
    Property ID
    US57-0218341
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1915
    Total area 2,772 SF
    Lot 0.15 ac (6,534 SF)
    UPID US57-0218341
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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