3524 Dewey AveOmaha, NE 68105

For Sale
$550,000

Midtown Omaha multifamily investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 4-unit apartment building located at 3524 Dewey Avenue in Omaha, Nebraska's vibrant Midtown neighborhood. The property, built in 1953, comprises a two-story building totaling 3,548 square feet on a 6,750 square foot lot. Currently operating at 100% occupancy, the property offers four units, each priced at $137,500, with a total asking price of $550,000 ($155.02 per square foot). The property is classified as a Class C multifamily building and zoned R7-ACI-1(PL), presenting significant value-add potential for investors. Its prime location offers easy access to the Blackstone District, UNMC, and Midtown Crossing, ensuring high demand and strong rental income. The property's historic charm combined with its modern potential makes it an attractive investment for both experienced investors and owner-occupiers seeking to capitalize on Omaha's thriving multifamily market. This is a value-add investment opportunity in a high-growth area. The building is situated in Douglas County, Nebraska, with a zip code of 68105.

Highlights

  • Excellent Value-Add Opportunity: Significant potential to increase rental income through strategic improvements.
  • Prime Location: One block from Blackstone District, near UNMC and Midtown Crossing.
  • Strong Market Fundamentals: Omaha MSA experiencing robust multifamily growth.
  • Property Tours Available: November 11th at 2:00 PM and November 13th at 12:00 PM (Registration required).

Property Details for 3524 Dewey Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
3,548 SF
Class
C
Year Built
1953
Buildings
1
Stories
2
Units
4

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.255981774807
Longitude
-95.964948203833
3524 Dewey Ave, Omaha, Nebraska

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3524 Dewey Ave
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