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Listed by Stephen Ward Exceptional Properties Group
$ 2,695,000
Est. payment /mo
Active
121 S 25th ST Omaha, NE 68131
0.56 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Henry & Sheltons Addition
MLS Listing ID 22525621
HOA Y/N No
Year Built 1920
Annual Tax Amount $39,887
Lot Size 0.560 Acres
Acres 0.56
Lot Dimensions 0.56
Property Sub-Type Multi Family
Property Description
Fifth Avenue Apartments | 121 S 25th St, Omaha, NE 68131 Class C mid-rise (1920/1987 conversion) | 31 units (4 studios, 16 1-beds, 10 2-beds, 1 3-bed) | 43 parking stalls | 0.56 acres Rentable area: 16,130 SF | Gross area: 22,746 SF Roof & gutters replaced 2022 | Major systems updated 1987 | 14 units renovated in past 4 yrs (LVP flooring, lighting, modern kitchens/baths) Safety: exit signage, exterior fire escape, fire alarm, pull stations, hardwired smokes Elevator pump motor (2022) & starter (2025) replaced | 19+ HVAC systems replaced past 3 yrs | ADA phone added 2022 | some updated hallways Built 1916 | Former hospital (1916–22) & hotel (1928–84) | Converted to apartments 1987 Includes parcels: 2504 & 2424 Douglas St The Omaha-Council Bluffs-MSA boasts one of the nation's lowest unemployment rates at 3.4% as of July 2025, supported by a long track record of consistent economic expansion and population growth. Occupancy rate: ~ 97% Capitalization rate: 6.48%
Location
State NE
County Douglas
Area Douglas
Interior
Heating Electric, Forced Air
Fireplaces Number No
Fireplace No
Exterior
Parking Features No Garage
Fence None
Garage No
Building
Foundation Slab
Lot Size Range 0.56
Sewer Public Sewer
Water Public
Schools
Elementary Schools Liberty
Middle Schools Norris
High Schools Central
School District Omaha
Others
Ownership Fee Simple
NEARBY SCHOOLS & PROPERTIES
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