2051 Deer Park Blvd, Omaha, NE 68108

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2051 Deer Park Blvd, Omaha, NE 68108

5-Unit Multi-Family | South Omaha

Price: $335,000

2024 Taxes: $2,953

Square Footage: 4,434 ± sqft

Year Built: 1911

Unit Mix: Five (5) 1-Bed / 1-Bath units

Overview:

Parking: Outdoor pad with additional street parking

Current Occupancy: 4 of 5 units rented

Rent Roll: 4 units occupied at $700/mo = $2,800 gross monthly rent

Lease Terms: All tenants on month-to-month agreements

Unit 5: Vacant, left open for new owner to update or lease long-term

Utilities: Landlord pays water, gas, and electric (approx. $600/month)

Highlights:

Excellent access to I-80 and South Omaha

Quiet neighborhood with mature trees

Value-add potential through updates, rent increases, and occupancy stabilization

Financial Snapshot:

Current Gross Rent: $2,800/month ($33,600 annualized)

Pro Forma Gross Rent (fully occupied): $3,500/month ($42,000 annualized)

Expenses: Utilities ($600/mo = $7,200/yr) + Taxes ($2,953/yr)

Net Income (current): Approx. $23,447/year

Net Income (pro forma): Approx. $31,847/year

Cap Rate: 7.0% current | 9.5% pro forma

Insurance, management, and reserves not included in expenses — buyers should underwrite per their portfolio and coverage.

Investment Notes:

Month-to-month leases allow flexibility for repositioning or adjusting rents

Vacant unit provides immediate upside for renovation or lease-up

Landlord-paid utilities reduce NOI but are accounted for in pricing and returns

Solid entry-level multi-family in a strong South Omaha rental market

Broker Notes:

We will work with licensed agents and brokerages representing qualified buyers

Commission split and cooperation terms available upon request

Showings:

Please do not disturb tenants

All inquiries and access coordinated through broker

Contact:

Blair Hailey | 402-996-0159