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    3524 Dewey Ave Omaha, NE 68105-1386

    • Apartment buildings
    • 2,848 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US57-0013598
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 3524 Dewey Ave

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property size
    2,848 SF
    Property type
    Apartment buildings
    APN
    2112630003
    APU
    2112630003

    Description

    This exceptional investment opportunity presents a 4-unit apartment building located at 3524 Dewey Avenue in Omaha, Nebraska's vibrant Midtown neighborhood. The property, built in 1953, comprises a two-story building totaling 3,548 square feet on a 6,750 square foot lot. Currently operating at 100% occupancy, the property offers four units, each priced at $137,500, with a total asking price of $550,000 ($155.02 per square foot). The property is classified as a Class C multifamily building and zoned R7-ACI-1(PL), presenting significant value-add potential for investors. Its prime location offers easy access to the Blackstone District, UNMC, and Midtown Crossing, ensuring high demand and strong rental income. The property's historic charm combined with its modern potential makes it an attractive investment for both experienced investors and owner-occupiers seeking to capitalize on Omaha's thriving multifamily market. This is a value-add investment opportunity in a high-growth area. The building is situated in Douglas County, Nebraska, with a zip code of 68105.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $205,000
      6.5%
      $205,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $220,000
      Mixed-Use
      $255,000
      Hospitality
      $205,000
      Educational
      $210,000
      Residential Income
      $260,000
      Energy
      $210,000
      Income-Based Land
      $245,000
      Food Service
      $185,000

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9649
    Latitude
    41.2562
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,652
    $25,100
    $148,000
    $173,100
    -
    $25,100
    $148,000
    $173,100

    Comparable in this City

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      3208 Marcy St

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      1015 Turner Blvd

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      3221 Woolworth Ave

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    • Value Estimation
      $255,000
      4,306 SF

      1138 32nd St

      APARTMENT HOUSE (5+ UNITS) • 4,306 SF
      1138 32nd St, Omaha, NE 68105-2042
      View Details

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    Omaha, NE 68105-1386
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    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
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