1147 Park Avenue, Omaha, NE 68105
Price REDUCED | Renovated Midtown Omaha 6-Plex
Marketing description
1147 Park Avenue presents a compelling opportunity to acquire a renovated 6-unit multifamily asset in the heart of Midtown Omaha, just minutes from UNMC, Blackstone District, and Downtown. The property has undergone comprehensive renovations, including updated unit interiors, common areas, exterior improvements, and remodeled back patios, creating a turnkey investment in a high-demand rental corridor.
The unit mix consists of spacious one- and two-bedroom apartments with modern finishes, central HVAC, secure entry, and on-site coin laundry. Tenants benefit from a walkable neighborhood with easy access to restaurants, retail, and entertainment, while investors gain exposure to a location surrounded by major employment drivers and universities, including UNMC, Creighton University, and Clarkson College.
Additional value is provided through strong in-place occupancy and improved pricing that enhances the entry basis. With stable cash flow and long-term upside supported by Midtown’s continued growth, 1147 Park Avenue is well-suited for both seasoned investors and 1031 exchange buyers seeking a well-located, renovated multifamily asset.
Investment highlights
Investment Highlights
Price Improved Entry Point – Recent price adjustment creates a more attractive basis for investors.
Renovated 6-Unit Asset – Units, common areas, and exterior have been fully remodeled, reducing near-term capital needs.
Prime Midtown Omaha Location – Located near UNMC, Blackstone District, Downtown Omaha, and major employment centers.
Strong Unit Mix – Spacious one- and two-bedroom units with modern finishes and versatile floor plans.
Garage Income Potential – Five separate garages provide additional income and tenant demand premium.
In-Place Cash Flow – Stabilized rental income with upside through lease-up of vacancy and rent growth.
High-Demand Rental Corridor – Surrounded by major universities and medical institutions, driving consistent tenant demand.
Operational Efficiencies – On-site coin laundry and utility reimbursement in place.
Easy Access & Walkability – Close to Dodge Street, Cuming Street, Saddle Creek Road, and I-480.
1031 Exchange Friendly – Well-located, manageable scale asset ideal for exchange buyers.
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