Listed by Cascade Commercial
$1,600,000
1330-1334 South 30th Avenue
Details
APN 1237510000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,346
Units 15
Occupancy 93.33%
Tenancy Multi
Pro-Forma Cap Rate 7.69%
Pro-Forma NOI $123,084
Price per SqFt $141
Class C
Year Built 1964
Year Renovated 2024
Buildings 2
Acreage 0.160
Parking Spaces 15 spaces
Parking Per SqFt 1.32
Investment Type Stabilized
15 Unit Apartment Property, Recently Renovated, Strong Unit Mix, Established Neighborhood
Marketing description
Built in 1964, the property consists of two buildings, a 6 unit and a 9 unit. Strong unit mix of ten, 1 bedroom units and five, 2 bedroom units Reflecting a classic garden-style construction with surface parking of 1:1 for residents. Secured entry, common laundry room and outdoor seating area.
Located at 1330-1334 South 30th Avenue in Omaha's Midtown corridor, just south of Woolworth Avenue and minutes from downtown and the Medical Center. Established in-town residential neighborhood with a mix of single-family homes and small multifamily buildings, creating a steady pool of prospective tenants. Residents enjoy convenient access to parks, neighborhood retail, schools, and major arterial roads, making the location attractive for long-term renters.
Investment highlights
- Property Tour Open House: June 22nd 2-3pm & June 23rd 10-11am.
- Structural Envelope Protected: Complete installation of a new roof and gutters in 2022 ensures full climate protection and structural integrity.
- Energy Efficiency & Utility Control: Outfitted with mostly new windows, dramatically lowering utility consumption and increasing tenant comfort.
- Turnkey Interior Transformations: 7 out of 9 units have been fully renovated from 2024 to the present, featuring newer, energy-efficient appliances.
- Upgraded Common Areas & Amenities: Common hallways received brand-new premium carpet and paint in 2025 to deliver an excellent first impression. The onsite laundry room was modernized with new equipment in 2023, providing a steady stream of secondary income.
- Premium Curb Appeal: Enhanced with professional landscaping that helps the property stand out in the local micro-market.
- Fresh Capital Upgrades: A brand-new roof was installed in 2025, eliminating the largest upcoming capital exposure for the building.
- Extensive Unit Renovation: Units 1, 3, 5, and 6 were completely and fully renovated/updated in 2025 with modern luxury finishes. Brand-new appliances were installed across Units 1, 2, 3, and 5 to optimize tenant satisfaction and eliminate immediate maintenance calls.
- Amenity & Community Enhancements: Features a fully renovated laundry room and a brand-new concrete patio poured in 2025, providing a highly desirable outdoor community space for residents.
- Enhanced Security & Street Presence: Both buildings feature brand-new high-security exterior doors accompanied by updated, energy-efficient exterior lighting installed in 2025. The entire property is framed by fresh professional landscaping.
- Insulated from Near-Term CapEx: With two brand-new roofs (2022 & 2025), newer windows, and newly replaced laundry equipment, the heavy lifting has been done. Investors can enjoy a pure cash-flowing asset without the risk of major surprise capital assessments.
- Proven Premium Rental Performance: The high volume of meticulously renovated units allows the portfolio to consistently hit market-leading rental metrics in a high-demand submarket characterized by an expanding medical and student tenant base.
- Immediate Operational Savings: The combination of newer appliances, updated hallway interiors, and secure exterior lighting lowers immediate turnover expenses and maintenance calls.
Listing Contacts
Listed by Cascade Commercial
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