554 26Th StOmaha, NE 68105

For Sale
$2,700,000

Historic building, 49 units, renovated.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a meticulously renovated, four-story, 49-unit multifamily building situated on a 0.49-acre lot in Omaha, Nebraska. Boasting 18,720 square feet of net rentable space, this property offers a compelling price per square foot of $144.23 and a price per unit of $55,102.04. Built in 1920 and extensively renovated in 2022 and 2023, the property features a new central water heater, updated hallway flooring and paint, new light fixtures, and a completely renovated community laundry center with new washers and dryers. Four units have undergone complete renovations, including refinished wood floors, updated kitchens and bathrooms, new appliances, and fresh paint. Exterior improvements include a fresh coat of paint and a new glass storefront. The building's prime location, just five minutes from Downtown Omaha and the Old Market, and three blocks from Interstate 480, provides exceptional access to amenities and transportation. Its proximity to several major universities, including Creighton University (0.8 miles), University of Nebraska-Omaha (3.4 miles), Clarkson College (1.9 miles), University of Nebraska Medical Center (1.6 miles), and College of Saint Mary (4.7 miles), ensures a consistent stream of potential tenants. The property is also adjacent to Complete KIDS, a non-profit organization serving over 2,000 children and families. This combination of recent renovations, desirable location, and strong tenant demand makes this a highly attractive investment opportunity. The asking price is $2,700,000.

Highlights

  • New central water heater installed February 2023.
  • New LVT flooring in hallways and repainted stairs, Fall 2022.
  • Fresh hallway paint and new light fixtures installed Fall 2022.
  • Community laundry center (owner-maintained) features all new washers and dryers, Fall 2022.
  • Building received full exterior paint in 2022/2023.
  • New glass storefront and main entrance door installed in 2022.

Property Details for 554 26Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
18,720 SF
Year Built
1920
Buildings
1
Stories
4
Lot Size (sq. ft)
21,344 SF
Units
49

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.25419492
Longitude
-95.94997205
554 26Th St, Omaha, Nebraska

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
554 26Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message