Village Green Townhomes

2638 S 3rd Street Plz, Omaha, NE 68108

Property Information

  • For Sale $1,050,000
  • Property Type Multi-Family
  • Property Size 9,069 SF
  • Units 6
  • Lot Size 0.36 Acre
  • Building Class B
  • Year Built 1966
  • Date Updated Sep 18, 2026

Description

Land parcel located in Omaha, Nebraska, with a site area of approximately 0.36 acres.Village Green Townhomes (2638-2648 S. 3rd Street) is a fully stabilized, turnkey six-unit multifamily asset within a mile of Lauritzen Gardens and minutes from the Old Market and downtown Omaha — an ideal hold for a 1031 exchange buyer or tax-motivated investor. The offering totals 15 bedrooms and 7.5 bathrooms, including non-conforming bonus bedrooms in two units' finished basements. Every unit has been comprehensively updated — hardwood floors, appliances, windows, cabinets, bathrooms, and HVAC — plus a 2024 roof and freshly re-finished 12-stall parking lot. Electronic door locks add modern security throughout. Tenants cover all utilities, with electricity separately metered and water billed back at a fixed rate, keeping expenses simple. A vacant detached garage offers immediate upside, and current rents sit below market, giving a new owner a clear, no-cost path to grow income. Unfinished basement space in several units presents additional future value-add potential. A stabilized, low-maintenance asset with embedded upside and minimal management burden.

Highlights

  • 100% Occupied and Cash-Flowing Day One
  • A Textbook 1031 and Tax-Advantaged Hold
  • Fully Renovated, Move-In Ready Condition
  • Prime Location Near Lauritzen Gardens
  • Rent Upside With Bonus Space to Grow

Contacts

Location

Located at 2638 S 3rd Street Plz, Omaha, NE 68108, this property is part of the Deer Park neighborhood and Omaha market.

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