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Grace Plaza Apartments 2006 N 18th St 24 Unit Apartment Building $3,450,000 ($143,750/Unit) Omaha, NE 68110
Investment Highlights
- $3,450,000
- Well maintained & updated this year
- 24 Units/ All 2 bed, 1 bath layout
Executive Summary
Six-building multifamily property located near 2006 N 18th Street, Omaha, NE 68110. Each building contains four units, for a total of 24 apartments. All units are 2-bedroom, 1-bath lay-outs featuring updated flooring, balconies, and a private gar-age. Recent capital improvements include new water heaters and interior upgrades. The property is in the LIHTC decontrol period, creating an opportunity to transition units to market-rate rents and significantly increase income potential—while currently benefiting from low property taxes under LIHTC. Conveniently located near downtown Omaha, schools, and public transportation. Strong investment with stable returns today and long-term upside.
Property Facts
| Price | $3,450,000 | Building Class | C |
| Price Per Unit | $143,750 | Lot Size | 2.51 AC |
| Sale Type | Investment | Building Size | 21,288 SF |
| No. Units | 24 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1992/2025 |
| Apartment Style | Low-Rise | Parking Ratio | 1.43/1,000 SF |
| Zoning | R7 | ||
| Price | $3,450,000 |
| Price Per Unit | $143,750 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.51 AC |
| Building Size | 21,288 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1992/2025 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R7 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Washer/Dryer Hookup
- Security System
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | 887 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $127,300 | |
| Land Assessment | $210,000 | Total Assessment | $337,300 |
Property Taxes
Parcel Numbers
Land Assessment
$210,000
Improvements Assessment
$127,300
Total Assessment
$337,300
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Map
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Grace Plaza Apartments | 2006 N 18th St