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817 N 48th St 7 Unit Apartment Building $635,000 ($90,714/Unit) 9.63% Cap Rate Omaha, NE 68132
EXECUTIVE SUMMARY
Purpose Built, Turnkey 7-Unit Investment Property in Dundee offering a strong unit mix: 1 studio, 5 one-bedroom units, and 1 spacious two-bedroom unit. Each apartment has been turned over the last few years with most having fully renovated kitchens, baths, updated mechanicals, plumbing, exterior concrete, and fire escape, making this a truly turnkey opportunity. The property boasts off-street parking, secure entry, and excellent walkability to the dining, shopping, and charm of Dundee. Close proximity to UNMC, UNO, Creighton, Blackstone, Midtown, & Downtown. With solid rental history and low vacancy, this is a rare chance to own a high-performing asset in a prime location.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $635,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $90,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 9.63% | Building Size | 4,800 SF |
| Gross Rent Multiplier | 9.46 | No. Stories | 4 |
| No. Units | 7 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 1.46/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R7 - Low-density multiple-family residential district | ||
| Price | $635,000 |
| Price Per Unit | $90,714 |
| Sale Type | Investment |
| Cap Rate | 9.63% |
| Gross Rent Multiplier | 9.46 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,800 SF |
| No. Stories | 4 |
| Year Built | 1940 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | R7 - Low-density multiple-family residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 600 |
| Studios | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 1480-0000-15 | Total Assessment | $427,200 (2025) |
| Land Assessment | $32,800 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $394,400 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
1480-0000-15
Land Assessment
$32,800 (2025)
Improvements Assessment
$394,400 (2025)
Total Assessment
$427,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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817 N 48th St
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