2638 S 3rd Street Plz - Apartments FOR SALE


Omaha, NE 68108- Woodland Hills
$1,050,000 USD
404-740-9458
2638 S 3rd Street Plz, Omaha, NE for Sale
$1,050,000 USD
Apartments - FOR SALE
1/7
null | 6.97% Cap Rate

2638 S 3rd Street Plz
Omaha, NE 68108
Woodland Hills


HIGHLIGHTS

  • Prime Location Near Lauritzen Gardens
  • Fully Renovated, Move-In Ready Condition
  • 100% Occupied and Cash-Flowing Day One
  • Rent Upside With Bonus Space to Grow
  • A Textbook 1031 and Tax-Advantaged Hold

OVERVIEW

Village Green Townhomes (2638-2648 S. 3rd Street) is a fully stabilized, turnkey six-unit multifamily asset within a mile of Lauritzen Gardens and minutes from the Old Market and downtown Omaha — an ideal hold for a 1031 exchange buyer or tax-motivated investor. The offering totals 15 bedrooms and 7.5 bathrooms, including non-conforming bonus bedrooms in two units' finished basements. Every unit has been comprehensively updated — hardwood floors, appliances, windows, cabinets, bathrooms, and HVAC — plus a 2024 roof and freshly re-finished 12-stall parking lot. Electronic door locks add modern security throughout. Tenants cover all utilities, with electricity separately metered and water billed back at a fixed rate, keeping expenses simple. A vacant detached garage offers immediate upside, and current rents sit below market, giving a new owner a clear, no-cost path to grow income. Unfinished basement space in several units presents additional future value-add potential. A stabilized, low-maintenance asset with embedded upside and minimal management burden.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

6

PRICE/UNIT

$175,000

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VILLAGE GREEN TOWNHOMES

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,809 SF

ZONING

R7

APN/PARCEL ID

2266-0003-02

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.