1317 Park Ave - Apartments FOR SALE


Omaha, NE 68105- Ford Birthsite
$750,000 USD
404-740-9458
1317 Park Ave, Omaha, NE for Sale
$750,000 USD
Apartments - FOR SALE
1/8
null | 6.89% Cap Rate

1317 Park Ave
Omaha, NE 68105
Ford Birthsite


HIGHLIGHTS

  • Value-Add Opportunity
  • Turnkey Asset with Lease-Up Upside
  • In-Unit Laundry Amenity
  • Large Unit Competitive Advantage
  • Recent Capital Improvements
  • Midtown Growth Corridor

OVERVIEW

PROPERTY TOUR - WEDNESDAY, MAY 13th, 9:30-11:00 AM The Koley is a fully renovated, six-unit multifamily asset located at 1317 Park Avenue in Omaha's highly desirable Midtown / Hanscom Park submarket. Originally constructed in 1900 and comprehensively updated in 2016, the property blends historic character with modern systems, offering investors a stabilized, turnkey opportunity with additional upside. The asset consists exclusively of large-format two-bedroom, one-bath units averaging approximately 1,150 square feet—significantly larger than typical market comparables. Each unit benefits from updated interiors, in-unit laundry (or hookups), and individually metered utilities, enhancing tenant appeal and operational efficiency. Extensive capital improvements include modernized plumbing and electrical systems, updated windows, central HVAC, and upgraded water heaters. Currently operating at full occupancy, The Koley provides strong in-place income with clear potential to increase rents to market levels, projected at approximately $1,350 per unit. This presents investors with a straightforward value-add component through lease roll and operational optimization. Strategically positioned within a rapidly improving corridor, the property benefits from proximity to Midtown Crossing, UNMC, and major employment hubs, supporting long-term rent growth and tenant demand. The combination of location, unit size, and recent renovations positions The Koley as a differentiated asset within the submarket. Overall, The Koley represents a compelling opportunity to acquire a stabilized, well-maintained multifamily property with immediate cash flow and embedded upside in one of Omaha's most active and evolving neighborhoods.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

6

PRICE/UNIT

$125,000

CAP RATE

6.89%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Koley

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

GC

APN/PARCEL ID

3811-0000-12

ASK ABOUT THIS PROPERTY

Mo BarryLee & Associates | OmahaMore Info
404-740-9458

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Mo BarryLee & Associates | OmahaMore Info
404-740-9458

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.