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6917 Military Ave 12 Unit Apartment Building $700,000 ($58,333/Unit) Omaha, NE 68104
Investment Highlights
- Newly paved parking lot (2025). Updated windows throughout
- Individually metered electricity. Electrical panels up to code
- Significant mechanical upgrades have been completed as part of prior capital expenditures
- Roof and gutters replaced prior to current ownership (Approx. 2021). Composite decks in good condition
- Central water heater (approximately 15 years old)
- On-site community laundry with (2) washers and (2) dryers
Executive Summary
6917 Military Avenue is a well-maintained 12-unit multifamily community located in an established Omaha submarket with consistent rental demand. The property consists of ten (10) one-bedroom, one-bath units and two (2) two-bedroom, one-bath units, offering an efficient and highly leasable unit mix that appeals to a broad renter demographic. With meaningful capital improvements completed under current and prior ownership. The roof and gutters were replaced in approximately 2021, and the parking lot was newly paved in 2025, enhancing curb appeal and reducing near-term capital exposure. Updated windows throughout the property improve energy efficiency and tenant comfort.
Electrical systems are individually metered, and panels are up to code. The property includes a central water heater (approximately 15 years old) and a furnace that is 20+ years old, with significant mechanical upgrades completed as part of prior capital expenditures. On-site community laundry includes two washers and two dryers, providing an additional amenity and revenue component.
Electrical systems are individually metered, and panels are up to code. The property includes a central water heater (approximately 15 years old) and a furnace that is 20+ years old, with significant mechanical upgrades completed as part of prior capital expenditures. On-site community laundry includes two washers and two dryers, providing an additional amenity and revenue component.
Property Facts Under Contract
| Price | $700,000 | Building Class | C |
| Price Per Unit | $58,333 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 8,400 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R7 | ||
| Price | $700,000 |
| Price Per Unit | $58,333 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 8,400 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | R7 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 2 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2218-0000-14 | Improvements Assessment | $575,400 |
| Land Assessment | $28,100 | Total Assessment | $603,500 |
Property Taxes
Parcel Number
2218-0000-14
Land Assessment
$28,100
Improvements Assessment
$575,400
Total Assessment
$603,500
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6917 Military Ave
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