5125 Marshall Dr Omaha, NE 68137

Property Details for 5125 Marshall Dr

Year built

1962

Lot size

0.18 lot acres

Property size

2,952 SF

Property type

Commercial real estate

APN

2434562366

Description

This exceptional Omaha, Nebraska multifamily property presents a compelling investment opportunity. Located at 5125 Marshall Dr, in Douglas County (zip code 68137), this fee-simple, two-story apartment building boasts four units within a single building, totaling 2,800 net rentable square feet on a 0.18-acre lot. Built in 1962 and extensively renovated in 2022, the property features a new roof and windows, fresh exterior paint, and updated landscaping. Each unit includes in-unit washer/dryer hookups and private entry, and there is ample parking (1.75 spaces per unit). Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $26,567, with a pro-forma NOI of $31,180, representing a 4.97% current cap rate and a projected 5.83% pro-forma cap rate. The asking price is $535,000 ($133,750 per unit and $181.23 per square foot). The property is zoned R6 and benefits from its convenient location near the Millard Avenue and Q Street interchange, providing easy access to major retailers and employment centers. The all-electric building offers potential for increased revenue through utility recapture fees and standard rental increases. One unit presents a significant opportunity for lease upgrade potential, adding further value to this stabilized investment.