2817 Spaulding Street
Omaha 2 Duplex Package | 4 Stabilized Units
Marketing description
Top Tier Investment Firm presents two stabilized brick duplexes in North Omaha offered individually or as a portfolio package. Both properties are 100% occupied with zero delinquency, generating $4,545 in monthly gross rent across four 2BD/1BA units. Normalized NOI after taxes and insurance is $41,333, producing a 9.3% cap rate at the $445,000 package price.
Built in 1923, both buildings are brick construction on corner lots with updated roofs, HVAC systems, and water heaters. All units are separately metered for electric, gas, and water - tenants carry all utilities, giving the owner a clean, predictable expense structure.
Financials are trailing 2025 actuals from owner statements, not projections. One non-recurring plumbing repair has been normalized. Property taxes and insurance are verified actuals. This is a stabilized asset priced on what it actually produced.
Available as a portfolio ($445,000) or individually at $222,500 per duplex. FHA financing available on individual purchases for owner-occupants at 3.5% down.
Investment highlights
- 100% occupied- rent roll as of March 2026
- $41,333 normalized NOI after taxes and insurance - trailing 2025 actuals, not pro forma
- 9.3% cap rate at $445,000 package price; $111,250 per door
- All units separately metered -- tenants pay electric, gas, and water; zero owner utility exposure
- 1923 brick construction with updated roofs, HVAC, and water heaters -- no deferred maintenance on major systems
- Each duplex individually FHA-eligible at 3.5% down -- under $20K all-in for owner-occupant
- Available individually at $222,500 or as a portfolio package at $445,000
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