1115 Harney StOmaha, NE 68102

For Sale
$3,100,000

Historic Old Market multifamily building, 20 units.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a four-story, mixed-use building located in Omaha's vibrant Old Market district. The property, built in 1903, features 20 residential units and 4,122 square feet of ground floor retail space, plus a basement sub-level. The building boasts charming architectural details, an elevator, large windows, and a controlled entry system, enhancing both commercial and residential appeal. With a total square footage of 21,736, the property offers a compelling price per square foot of $142.62 and a price per unit of $155,000. The asking price is $3,100,000, projecting a pro-forma cap rate of 6.14% and a pro-forma NOI of $190,257. The 0.13-acre lot (APN 0642896002) houses a Class C building with one structure and four stories. This well-positioned property provides a unique blend of residential and commercial income streams in a highly desirable, historic location. The building's features and location make it an attractive investment for both seasoned and emerging investors seeking strong returns in a thriving urban market. This is a rare opportunity to acquire a substantial multifamily asset in the heart of Omaha's Old Market.

Highlights

  • Mixed-use building with ground-floor retail space.
  • 20 apartment units and one retail space.
  • Prime location in Omaha's historic Old Market district.

Property Details for 1115 Harney St

Property type
Multifamily properties, Apartment buildings
Square Feet
21,736 SF
Class
C
Year Built
1903
Buildings
1
Stories
4
Lot Size (sq. ft)
5,663 SF
Units
20

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.256537399971
Longitude
-95.931445276294
1115 Harney St, Omaha, Nebraska

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1115 Harney St
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