Listed by Cascade Commercial
$6,750,000
Langston Loge
Details
APN 1919872510
Property Type Multifamily
Sub Type Apartment Building
Square Footage 48,850
Units 81
Cap Rate 6.57%
NOI $443,502
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.09%
Pro-Forma NOI $546,248
Price per SqFt $124
Class B
Year Built 1990
Buildings 2
Stories 2
Acreage 2.180
Zoning CC-Community Commercial
Parking Spaces 86 spaces
Parking per 1,000 SqFt 1.76
Investment Type Stabilized
Prime Location, Strong Rental Demand, Value Add Path
Marketing description
The Langston Loge Apartments is an 81-unit complex located at 7110-71166 Jones Circle in Omaha, Nebraska. Built in 1990, and consisting of a mix of studio and one bedroom apartments, the property serves a stable tenant base, including international scholars and students, due to its strategic proximity to major academic centers.
Investment highlights
- The location is a primary draw for the property, offering proximity to major institutions and a massive new mixed-use development
- Proximity to Campuses: The apartments are located approximately 1 km from the University of Nebraska Omaha (UNO) Dodge Campus and are just minutes from the University of Nebraska Medical Center (UNMC)
- The Crossroads Redevelopment: A major transformative project is underway at the nearby intersection of 72nd and Dodge Streets
- This 42-acre mixed-use development will feature a public plaza alongside residential, retail, and office components
- A centerpiece of the first phase is Gamescape, a 90,000-square-foot Cinemark entertainment venue featuring bowling, an arcade, laser tag, and a full-service restaurant
- This project signals significant momentum for the corridor and is expected to enhance the appeal of surrounding properties like Langston
- Elmwood Park: This historic 19th-century park is just a few blocks away and offers walking trails, a public pool, a pavilion, a baseball field, and an 18-hole golf course
- Aksarben Village: Located 4-5 minutes away, this popular hub provides a variety of restaurants, bars, shops, businesses, and parks
- Convenience: The property is near diverse shopping and dining opportunities and is served by local bus lines
- Current owners have invested over $280,000 in unit
Listing Contacts
Listed by Cascade Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$443,502.00
$36,958.50/mo
Valuation Metrics
0
DSCR
6.57%
Cap Rate
6.57%
ROI
Map
Zoning
CC CommercialRetail CommercialCommunity Commercial District
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View all 122 uses
View all 122 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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