Corby Park Apartments — Sale in Omaha, NE
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Omaha, NE 68134
Photos
Investment Figures
- Cap rate
- 7.53%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Corby Street Apartments is a 36-unit multifamily community located in northwest Omaha, within an established residential corridor that provides convenient access to major employment centers, retail amenities, healthcare facilities, and regional transportation routes. Situated near major thoroughfares including Interstate 680 and Dodge Street, the property benefits from strong connectivity to Downtown Omaha, West Omaha, and several of the metro’s largest employment nodes. The surrounding neighborhood is characterized by stable residential demand, mature infrastructure, and proximity to schools, shopping, and everyday services that continue to support renter demand. Originally constructed in 1969, the property is situated on a 1.04-acre site and features 9 income-generating, detached garages. The community features a balanced unit mix consisting of 22 one-bedroom units averaging approximately 625 square feet and 14 two-bedroom units averaging approximately 781 square feet. Current rents remain below projected market levels, creating the opportunity for future revenue growth through strategic interior upgrades, operational improvements, and an exceptional mark-to-market opportunity. Current rents are approximately 14.4% below the highest achieved in-place rents at the property, allowing new ownership to mark-up rents to proforma levels that have already been proven out. Capturing this embedded upside is projected to generate more than $65,000 in additional gross rent, which will significantly boost NOI and drastically increase the property’s value. Corby Street Apartments is well positioned to benefit from the long-term economic fundamentals driving the broader Omaha metropolitan area. Omaha continues to distinguish itself as one of the Midwest’s most stable and economically resilient metros, supported by consistent population growth, above-average household incomes, and unemployment rates that have remained below national averages. The metro’s diversified employment b
Market Context
This multifamily in Omaha, NE is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Omaha, NE — view the full market.
As of Q1 2026, the Omaha multifamily market showed an 8.0% vacancy rate, average asking rents near $1258.21/unit/mo, and rents up 1.6% year over year. Source: Cushman & Wakefield Q1 2026 market report.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Multifamily market FAQ
- Is the Omaha multifamily market tightening or softening?
- Vacancy is around 8.0%, with asking rents rising year over year (Q1 2026).
Contact
- Adam Lewis · (303) 328-2000