Park Ave 8 presents a rare opportunity to acquire a fully furnished, professionally managed 8-unit investment just 1.5 miles from UNMC/Nebraska Medicine in the Hanscom Park/Field Club area near I-480. Offered at approximately $72,375 per unit, the property features substantial completed improvements, including $397,434 in documented 2023 rehabilitation plus approximately $24,319 in later owner-reported updates to the roof, parking lot, driveway, plumbing, electrical, gas line, water heaters, fencing and coin laundry. Furnished units support mid- or short-term rental strategies. Additional features include 8+ off-street spaces on over 1/4 acre, front and rear access, basement shelter space and potential storage income. Seller financing is available to qualified purchasers with $300,000 down, balance amortized over 15 years, and a negotiable rate based on prevailing market conditions. See attached financials and repair history. POF or lender approval requested. Call agent for details.
For sale
Price cut: $20.9K (5/10)
$579,000
1120 Park Ave, Omaha, NE 68105
7beds
--sqft
:
Get pre-qualified$4,180/mo
Multi Family
Built in 1900
-- sqft lot
$550,100 Zestimate®
$--/sqft
$-- HOA
What's special
Basement shelter spaceFront and rear accessCoin laundryFully furnished
- 122 days |
- 357 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Ted Kaasch 402-990-9976,
Realty ONE Group Sterling,
Mo Albers 402-609-9495,
Realty ONE Group Sterling
Source: GPRMLS,MLS#: 22608438
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 8
- Full bathrooms: 5
- Partial bathrooms: 3
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Washer, Dryer
- Laundry: Common Area
Features
- Has basement: Yes
- Number of fireplaces: 1
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: No Garage
- Covered spaces: 10
Features
- Levels: Three Or More
- Fencing: None
Lot
- Size: 0.26 Acres
- Dimensions: 150 x 75
- Features: Over 1/4 up to 1/2 Acre
Details
- Parcel number: 1235580000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Brick/Mortar
- Roof: Composition
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Hanscom Park,Field Club
HOA
- Has HOA: No
Location
- Region: Omaha
Financial & listing details
- Tax assessed value: $406,600
- Annual tax amount: $6,798
- Date on market: 3/31/2026
- Listing terms: Private Financing Available,Conventional,Cash,Seller Assistance,Other
- Ownership: Fee Simple
- Total actual rent: 8700
Estimated market value
$550,100
$523,000 - $578,000
$1,213/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/10/2026 | Price change | $579,000-3.5% |
Source:  GPRMLS #22608438 Report a problem | ||
| 3/31/2026 | Listed for sale | $599,900-7.7% |
Source: GPRMLS #22608438 Report a problem | ||
| 11/5/2025 | Listing removed | $649,900 |
Source: GPRMLS #22521532 Report a problem | ||
| 8/1/2025 | Price change | $649,900-4.4% |
Source: GPRMLS #22521532 Report a problem | ||
| 7/10/2025 | Price change | $679,900-2.9% |
Source: GPRMLS #22510594 Report a problem | ||
| 5/19/2025 | Price change | $699,900-4.8% |
Source: GPRMLS #22510594 Report a problem | ||
| 5/9/2025 | Price change | $734,900-2% |
Source: GPRMLS #22510594 Report a problem | ||
| 4/23/2025 | Listed for sale | $749,900+150% |
Source: GPRMLS #22510594 Report a problem | ||
| 10/15/2021 | Sold | $300,000+3.4% |
Source: GPRMLS #22122907 Report a problem | ||
| 9/29/2021 | Pending sale | $290,000 |
Source: GPRMLS #22122907 Report a problem | ||
| 9/26/2021 | Listed for sale | $290,000 |
Source: GPRMLS #22122907 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,799 -2.3% | $406,600 |
| 2024 | $6,956 +18.4% | $406,600 +46% |
| 2023 | $5,874 +1% | $278,400 +2.2% |
| 2022 | $5,817 +22.4% | $272,500 +21.4% |
| 2021 | $4,752 -1.1% | $224,500 |
| 2020 | $4,806 +3.8% | $224,500 +4.1% |
| 2019 | $4,632 -0.1% | $215,700 |
| 2018 | $4,638 +22.6% | $215,700 +22.3% |
| 2017 | $3,783 | $176,300 |
| 2016 | $3,783 +1.4% | $176,300 |
| 2015 | $3,732 | $176,300 |
| 2014 | -- | $176,300 |
| 2013 | -- | $176,300 |
| 2012 | -- | $176,300 |
| 2011 | -- | $176,300 +36.1% |
| 2009 | $2,657 | $129,500 |
| 2008 | -- | $129,500 +43.9% |
| 2005 | -- | $90,000 |
| 2004 | -- | $90,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Park Avenue
Nearby schools
GreatSchools rating
- 2/10Field Club Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 3/10Norris Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Central High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Field Club
- Middle: Norris
- High: Central
- District: Omaha
Source: GPRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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