818 North 46th Street 818 N 46th St 20 Unit Apartment Building $1,450,000 ($72,500/Unit) 6.12% Cap Rate Omaha, NE 68132

Dundee Village comprises three buildings containing 20 one-bedroom/one-bath units totaling 14,908 square feet on 0.83 acres with R7 zoning and TOD overlay. Built in 1950, the property features frame stucco construction representative of mid-century multifamily development in the region. Off-street parking accommodates resident and guest vehicles.
Near term upside from newly approved $9M TIF-backed investment that will completely reposition the 46th & Saddle Creek/California node. The $103M Saddle Creek Marketplace by Woodsonia will be a five-phase mixed-use redevelopment with 223 market rate apartments and 67,000 SF of retail.
Stabilized infill asset: Dundee Village is a fully stabilized 20-unit community in Omaha’s Dundee corridor, 100% occupied with in-place rents effectively at or above market as of April 1, 2026.
Proven leasing velocity: Within roughly 60 days, management increased occupancy from 70% to 100% while simultaneously growing collected rent by about 45%, underscoring both the depth of renter demand and the strength of the leasing platform.
Strong rent roll quality: The rent roll is diversified across twenty 1-bedroom units with consistent rent bands in the 700–800 range, and leases are staggered through late 2026 and early 2027, reducing rollover risk and smoothing cash flows.
Revenue durability with upside: Current collections already reflect near-full capture of market rent, yet there is additional mark-to-market opportunity as below-market legacy leases renew into current rate levels.