809 N 121st St - Apartments FOR SALE


Omaha, NE 68154- West Omaha
$2,550,000 USD
402-598-9367
809 N 121st St, Omaha, NE for Sale
$2,550,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

809 N 121st St
Omaha, NE 68154
West Omaha


HIGHLIGHTS

  • Most units have received updates with new flooring, countertops, modern appliances, and paint.
  • Well-located within a growing Omaha neighborhood with convenient access to retail, schools, and employment centers.
  • Stable submarket with consistent rental performance supporting long-term revenue growth potential.
  • Opportunity to capture additional upside through continued modernization and operational efficiencies.

OVERVIEW

Cielo 120 presents an appealing multifamily investment opportunity in Omaha, featuring 21 units within a highly stable residential submarket. This property offers immediate value-add potential as a majority of the units have undergone significant interior upgrades, including new flooring, countertops, modern appliances, and fresh paint. Several units also benefit from new HVAC systems, helping to reduce near-term capital expenditure requirements for an incoming owner. The community’s location places residents within convenient reach of Omaha’s major employment centers, retail hubs, and dining options, creating strong appeal for long-term tenancy. With market fundamentals demonstrating steady rent growth and occupancy strength, the property offers investors an opportunity to secure reliable cash flow with added upside through strategic enhancements and lease optimization. Proximity to major roadways ensures accessibility, while the updated interiors align with contemporary renter expectations.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

24

PRICE/UNIT

$106,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cielo 120

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,798 SF

ZONING

R7

APN/PARCEL ID

5551-0617-17

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402-598-9367

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402-598-9367

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