THE KOLEY

Omaha, Nebraska is a dynamic and steadily growing Midwestern city known for its diverse economy, strong employment base, and high quality of life. With a metro population of approximately 959,000, Omaha serves as a regional hub for finance, healthcare, transportation, and technology, anchored by major employers such as Berkshire Hathaway, Union Pacific, Mutual of Omaha, and the University of Nebraska Medical Center (UNMC). The subject property is located in the Midtown / Hanscom Park submarket—one of Omaha’s most desirable and rapidly evolving urban neighborhoods. This area has experienced significant reinvestment and redevelopment in recent years, driven by its proximity to Downtown Omaha, Midtown Crossing, and key institutional anchors like UNMC. These demand drivers continue to attract a strong renter base, including young professionals, students, and healthcare employees. Midtown offers a unique blend of historic charm and modern urban amenities. Residents benefit from walkable access to dining, retail, and entertainment options, as well as nearby cultural attractions such as the Orpheum Theater and Omaha Community Playhouse. The neighborhood is also supported by convenient access to major transportation corridors, enhancing connectivity throughout the metro area. Omaha’s affordability relative to national averages, combined with a median household income of approximately $73,700 and a median age of 36, supports stable rental demand and long-term tenant retention. Additionally, the city’s extensive park system, recreational amenities, and vibrant culinary scene contribute to its strong livability and continued population stability. Overall, the Midtown submarket’s ongoing growth, institutional proximity, and lifestyle amenities position it as a highly attractive location for multifamily investment, offering both income stability and long-term appreciation potential.PROPERTY TOUR - WEDNESDAY, MAY 13th, 9:30-11:00 AM The Koley is a fully renovated, six-unit multifamily asset located at 1317 Park Avenue in Omaha’s highly desirable Midtown / Hanscom Park submarket. Originally constructed in 1900 and comprehensively updated in 2016, the property blends historic character with modern systems, offering investors a stabilized, turnkey opportunity with additional upside. The asset consists exclusively of large-format two-bedroom, one-bath units averaging approximately 1,150 square feet—significantly larger than typical market comparables. Each unit benefits from updated interiors, in-unit laundry (or hookups), and individually metered utilities, enhancing tenant appeal and operational efficiency. Extensive capital improvements include modernized plumbing and electrical systems, updated windows, central HVAC, and upgraded water heaters. Currently operating at full occupancy, The Koley provides strong in-place income with clear potential to increase rents to market levels, projected at approximately $1,350 per unit. This presents investors with a straightforward value-add component through lease roll and operational optimization. Strategically positioned within a rapidly improving corridor, the property benefits from proximity to Midtown Crossing, UNMC, and major employment hubs, supporting long-term rent growth and tenant demand. The combination of location, unit size, and recent renovations positions The Koley as a differentiated asset within the submarket. Overall, The Koley represents a compelling opportunity to acquire a stabilized, well-maintained multifamily property with immediate cash flow and embedded upside in one of Omaha’s most active and evolving neighborhoods.