121 S 25th Street, Omaha NE 68131

$2,695,000

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%

  • Beds:
  • Baths:
  • MLS ID: 22525621
  • Type: Multi Family
  • Style:
  • Year Built: 1920

Details

  • Main Floor: N/A
  • Second Floor: N/A
  • Third Floor: N/A
  • Cooling: N/A
  • Heat: N/A
  • Basement: Yes
  • Basement Type: N/A
  • Basement Sq ft: N/A
  • Appliances Included: N/A
  • Lot Size: 0.56
  • Acres: 0.56
  • Exterior Features: N/A
  • Fence: N/A
  • Garage Type:
  • Garage Spaces:

Other

  • Status: ACTIVE
  • School District: Omaha
  • Brokered By: Exceptional Properties Group
  • Utilities:
  • Tax Year: 2024
  • Taxes: $39887