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The Fifth Avenue Apartments 121 S 25th St 35 Unit Apartment Building $2,695,000 ($77,000/Unit) 6.48% Cap Rate Omaha, NE 68131
Executive Summary
PROPERTY SPECIFICATIONS
o Fifth Avenue Apartments
o 121 S 25th Street Omaha, NE 68131
o Mid-rise apartment building
o Class C
o (31) apartments & (43) parking stalls on 0.56 acres
o Unit mix: (4) studios, (16) 1-beds, (10) 2-beds & (1) 3-beds
o Rentable area: 16,130 SF | Gross area: 22,746 SF
o Built 1916; former hospital (1916–1922), hotel (1928–1984), converted to apartments in 1987
o Creative financing options available
o Includes 2 parcels: 2504 Douglas St & 2424 Douglas St
PHYSICAL CONDITION
o Roof & gutters replaced in 2022
o Major renovation in 1987: building gutted, plumbing, electrical, and fire systems updated to late-1980s code; all units with electric HVAC and water heaters
o Safety features: exit signage, exterior fire escape, local fire alarm with pull stations, hardwired smokes in common areas & units
o 14 units renovated in past 4 years with upgraded LVP flooring, lighting, hardware, and modern kitchen/bath finishes
o Mechanical upgrades: elevator pump motor & solid-state starter replaced (2022 & 2025); 19+ HVAC systems replaced in past 3 years
o Additional updates: centrally monitored ADA phone (2022), some upgraded hallways
GENERAL OFFERING
o The Omaha-Council Bluffs-MSA boasts one of the nation’s lowest unemployment rates at 3.4% as of July 2025, supported by a long track record of consistent economic expansion and population growth.
o Occupancy rate: ~ 97%
o Capitalization rate: 6.48%
o Purchase Price: $2,695,000
o Fifth Avenue Apartments
o 121 S 25th Street Omaha, NE 68131
o Mid-rise apartment building
o Class C
o (31) apartments & (43) parking stalls on 0.56 acres
o Unit mix: (4) studios, (16) 1-beds, (10) 2-beds & (1) 3-beds
o Rentable area: 16,130 SF | Gross area: 22,746 SF
o Built 1916; former hospital (1916–1922), hotel (1928–1984), converted to apartments in 1987
o Creative financing options available
o Includes 2 parcels: 2504 Douglas St & 2424 Douglas St
PHYSICAL CONDITION
o Roof & gutters replaced in 2022
o Major renovation in 1987: building gutted, plumbing, electrical, and fire systems updated to late-1980s code; all units with electric HVAC and water heaters
o Safety features: exit signage, exterior fire escape, local fire alarm with pull stations, hardwired smokes in common areas & units
o 14 units renovated in past 4 years with upgraded LVP flooring, lighting, hardware, and modern kitchen/bath finishes
o Mechanical upgrades: elevator pump motor & solid-state starter replaced (2022 & 2025); 19+ HVAC systems replaced in past 3 years
o Additional updates: centrally monitored ADA phone (2022), some upgraded hallways
GENERAL OFFERING
o The Omaha-Council Bluffs-MSA boasts one of the nation’s lowest unemployment rates at 3.4% as of July 2025, supported by a long track record of consistent economic expansion and population growth.
o Occupancy rate: ~ 97%
o Capitalization rate: 6.48%
o Purchase Price: $2,695,000
Property Facts
| Price | $2,695,000 | Building Class | C |
| Price Per Unit | $77,000 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 22,746 SF |
| Cap Rate | 6.48% | Average Occupancy | 97% |
| No. Units | 35 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1920/1987 |
| Property Subtype | Apartment | Parking Ratio | 1.89/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | CBD - Central Business District | ||
| Price | $2,695,000 |
| Price Per Unit | $77,000 |
| Sale Type | Investment |
| Cap Rate | 6.48% |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 22,746 SF |
| Average Occupancy | 97% |
| No. Stories | 5 |
| Year Built/Renovated | 1920/1987 |
| Parking Ratio | 1.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CBD - Central Business District |
Amenities
Unit Amenities
- Balcony
- Disposal
- Kitchen
- Vaulted Ceiling
- Range
- Views
Site Amenities
- Controlled Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 300 - 500 |
| 1+1 | 16 | - | 500 - 565 |
| 2+1 | 15 | - | 500 - 900 |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 0647-0000-13 | Improvements Assessment | $950,500 |
| Land Assessment | $83,000 | Total Assessment | $1,033,500 |
Property Taxes
Parcel Number
0647-0000-13
Land Assessment
$83,000
Improvements Assessment
$950,500
Total Assessment
$1,033,500
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The Fifth Avenue Apartments | 121 S 25th St
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