Residences at Old Marketplace 1113 Howard St 22 Unit Apartment Building $13,959,200 CAD ($634,509 CAD/Unit) Omaha, NE 68102

Old Market Place Apartments presents a rare investment opportunity in the heart of Omaha’s historic Old Market District. Originally constructed in 1900 as the P.E. Iler building, this six-story asset was reimagined in 2010 into a LEED-certified mixed-use property that blends architectural heritage with modern sustainability. The building features fully leased commercial space on the ground floor, 22 luxury apartments on the upper levels, and potential to add three additional units on the penthouse level, offering a compelling value-add upside.
Positioned on a 0.265-acre lot, the property spans 52,272 SF and includes secure parking and storage on the lower level. With 31,370 SF currently leased and 8,838 SF vacant, investors can capitalize on immediate income while exploring expansion potential. The site benefits from CBD zoning, allowing for flexible use and future redevelopment options.
Located in one of Omaha’s most vibrant neighborhoods, the property is surrounded by a dense population of over 259,000 within a five-mile radius, with average household incomes exceeding $77,000 in the immediate vicinity. The area’s walkability, cultural attractions, and proximity to downtown business corridors make it a prime location for both residential and retail tenants.