2968 Poppleton AveOmaha, NE 68105

For Sale
$1,500,000

14-Unit Apartment Building, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 14-unit apartment building presents a compelling investment opportunity in Omaha, Nebraska. Situated on a 0.24-acre lot at 2968 Poppleton Ave, this two-story brick building, constructed in 1915, boasts 11,592 square feet of net rentable space. The property comprises a mix of twelve two-bedroom units and two one-bedroom units. Significant recent upgrades enhance its value and appeal, including a new roof and gutters (2022), complete electrical and plumbing system replacements (2010), and five new water heaters (2022-2023). Seven units feature brand-new appliances (2021-2023), and approximately half of the HVAC units have been replaced. The top-floor units received a rewiring upgrade with recessed lighting in 2023. All two-bedroom units are individually metered for utilities, while a bill-back system is in place for the one-bedroom units. The property also includes five off-street parking spaces, a common laundry area with three washers and four dryers, an on-site dog relief area, updated landscaping, and a recently renovated common stairwell. The building is zoned R7 and benefits from its prime location in a tranquil residential neighborhood, conveniently situated between the Ford Birthsite and Hanscom Park, offering easy access to parks, schools, and local amenities. While some cosmetic updates remain for a value-add investor, this property represents a strong cash-flowing asset with significant upside potential. The asking price is $1,500,000.

Highlights

  • New roof and gutters installed in 2022.
  • Complete electrical and plumbing system overhaul in 2010.
  • Five new water heaters installed between 2022 and 2023.
  • Top-floor units rewired with recessed lighting in 2023.
  • Seven units received brand-new appliances between 2021 and 2023.
  • Approximately half of the units have been updated.

Property Details for 2968 Poppleton Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
11,592 SF
Year Built
1915
Buildings
1
Stories
2
Lot Size (sq. ft)
10,454 SF
Units
14

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.2471921
Longitude
-95.9568455
2968 Poppleton Ave, Omaha, Nebraska

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2968 Poppleton Ave
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