5125 Marshall DrOmaha, NE 68137

For Sale
$535,000

Four-unit apartment building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Omaha, Nebraska multifamily property presents a compelling investment opportunity. Located at 5125 Marshall Dr, in Douglas County (zip code 68137), this fee-simple, two-story apartment building boasts four units within a single building, totaling 2,800 net rentable square feet on a 0.18-acre lot. Built in 1962 and extensively renovated in 2022, the property features a new roof and windows, fresh exterior paint, and updated landscaping. Each unit includes in-unit washer/dryer hookups and private entry, and there is ample parking (1.75 spaces per unit). Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $26,567, with a pro-forma NOI of $31,180, representing a 4.97% current cap rate and a projected 5.83% pro-forma cap rate. The asking price is $535,000 ($133,750 per unit and $181.23 per square foot). The property is zoned R6 and benefits from its convenient location near the Millard Avenue and Q Street interchange, providing easy access to major retailers and employment centers. The all-electric building offers potential for increased revenue through utility recapture fees and standard rental increases. One unit presents a significant opportunity for lease upgrade potential, adding further value to this stabilized investment.

Highlights

  • Four-unit multifamily property in Omaha, NE (68137), totaling 2,800 net rentable square feet on a 0.18-acre lot.
  • Completely renovated in 2022 with a new roof, windows, exterior paint, and landscaping.
  • 100% occupancy, generating a $26,567 NOI (4.97% cap rate) with a pro-forma NOI of $31,180 (5.83% cap rate).
  • Asking price: $535,000 ($133,750 per unit, $181.23 per square foot).
  • Excellent location near Millard Ave and Q St interchange, with ample parking (1.75 spaces per unit) and in-unit washer/dryer hookups.

Property Details for 5125 Marshall Dr

Property type
Multifamily properties, Apartment buildings
Square Feet
2,952 SF
Class
C
Year Built/Renovated
1962/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
7,841 SF
Units
4

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.20600844
Longitude
-96.13154902
5125 Marshall Dr, Omaha, Nebraska

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5125 Marshall Dr
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