604 35Th St, Omaha, NE 68105
This exceptional 4-unit apartment building presents a compelling value-add investment opportunity in Omaha, Nebraska's vibrant Midtown neighborhood. Located at 604 S 35th St, this 2-story, 2,904 square foot building, constructed in 1955, sits on a 4,818 square foot lot and is zoned R7-ACI-1(PL). Currently boasting 100% occupancy, the property offers four units, each priced at $112,500, for a total asking price of $450,000 ($154.96/sq ft). The property's prime location near Blackstone, UNMC, and Midtown Crossing provides unmatched connectivity to thriving areas. This Class C multifamily property presents significant potential for value enhancement through strategic renovations and lease adjustments. The building's historic charm offers a unique appeal, while its location ensures high demand and strong rental income. This is an ideal investment for those seeking a property with immediate cash flow and substantial upside potential. Serious inquiries are encouraged.
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
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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.