2416 S 16th Street
Value-Add Multifamily Opportunity
Marketing description
2416 S. 16th Street is a well-located multifamily investment opportunity in the South Omaha Vinton Street corridor, situated on a large 0.47-acre lot. The property consists of approximately 12 one-bedroom, one-bath units and offers multiple avenues for value enhancement while maintaining in-place cash flow.
Units feature larger-than-average floor plans, providing potential to reconfigure into two-bedroom layouts, subject to zoning and City of Omaha approvals. The building includes 6 full unfinished ground level basements with separate access, creating the opportunity to convert the space into secured tenant storage, garage spaces, laundry or other income-producing uses, subject to feasibility and municipal approval.
Located minutes from Downtown and Midtown Omaha with convenient access to major transportation routes, the property is positioned in a stable rental market with consistent demand. This offering is ideal for an investor seeking current income with significant upside through unit reconfiguration, expansion, and operational improvements.
Investment highlights
12 unit, built for purpose, apartment building
All 1 bedroom, 1 bathroom units with stable occupancy
Potential to add parking and/or green space behind the building
Potential in the future for lower levels to be used as additional units, garage, storage, laundry, etc.
Owner bills back for water and sewer
Electric & gas are metered separately
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
