801 N 48th St - Apartments FOR SALE


Omaha, NE 68132- Dundee
$950,000 USD
402-660-9078
801 N 48th St, Omaha, NE for Sale
$950,000 USD
Apartments - FOR SALE
1/14
null | 6.73% Cap Rate

801 N 48th St
Omaha, NE 68132
Dundee


HIGHLIGHTS

  • Brick exterior
  • Wood floors
  • On site laundry

OVERVIEW

This well-maintained 10-unit all-brick apartment building offers a solid investment opportunity in a walkable, high-demand location near Dundee parks and entertainment. With desirable unit finishes, added tenant amenities, and a strong location, this property is ideal for steady rental income and long-term appreciation. Walking distance to shops and restaurants. PRIME MIDTOWN LOCATION - The Dundee-Memorial Park neighborhood, located in central Omaha, Nebraska, is adjacent to Memorial and Elmwood parks, which border the University of Nebraska, Omaha. The area features well-maintained, early 20th century homes and distinctive cast iron  streetlights.  VALUE ADD POTENTIAL - With opportunities to increase rents, monetize existing storage units and surface parking opportunities,  the 10 unit complex presents a strong value-add play.  STABLE RENTAL MARKET - Multifamily demand in Midtown Omaha is primarily driven by the area's ongoing revitalization, including significant development projects like the Blackstone District and the Aksarben Village, and major employers such as the University of Nebraska Medical Center, Creighton University, and the growing tech sector in the Midtown Crossing area continues to drive housing demand, particularly from healthcare professionals, faculty, and employees in the creative and business services industries.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

10

PRICE/UNIT

$95,000

CAP RATE

6.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1952

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R7

APN/PARCEL ID

1488-0000-15

ASK ABOUT THIS PROPERTY

Lisa ZimmermanBHGRE CommercialMore Info
402-660-9078

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Lisa ZimmermanBHGRE CommercialMore Info
402-660-9078

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