In 2026, finding a three-bedroom home for under $100,000 in a major metropolitan area like Omaha, Nebraska, feels almost impossible. However, the property at 4067 S 150th Plz #243 presents a unique entry point into the real estate market.
Priced at just $84,000, this manufactured home in the Meadowbrook Estate subdivision offers a fascinating case study in low-cost housing, lifestyle flexibility, and the often-misunderstood world of HOA-managed communities.
| Feature | Detail |
| Address | 4067 S 150th Plz #243, Omaha, NE 68137 |
| Price | $84,000 ($80/sqft) |
| Beds/Baths | 3 Bedrooms / 2 Remodeled Bathrooms |
| Size | 1,056 sq. ft. (Single Level) |
| Year Built | 1988 |
| HOA Fee | $519 / Month |
| Listing Terms | Cash Only |
1. The Strategy of “Manufactured Home” Investing
First, it is vital for our readers to understand what a Manufactured Home is. Unlike a traditional “stick-built” home, these are constructed in a controlled factory environment and then moved to the site.
Why is this $84,000 price tag significant? At $80 per square foot, this home is significantly cheaper than the Omaha average (which often exceeds $180-$200 per square foot). For a first-time buyer or someone looking to downsize without debt, this represents an incredibly low barrier to entry.
2. Decoding the $519 HOA Fee: The “Lot Rent” Reality
One detail that catches every smart investor’s eye is the $519 monthly HOA fee. In the context of manufactured home communities like Meadowbrook Estate, this fee often includes “Lot Rent.”
What does this mean for your wallet?
- Ownership vs. Leasing: While you own the structure (the house), the fee typically covers the leasing of the land it sits on, along with community maintenance, trash removal, and sometimes water/sewer services.
- The Math: Even with an $84,000 purchase price, you must calculate your “Total Monthly Housing Cost.” If you buy this cash, your only “rent” is the $519. Compared to an average 3-bedroom apartment in Omaha which can cost $1,600+, you are saving over $1,000 per month.
3. Interior Value: The Power of Remodeled Bathrooms
The listing highlights “2 nicely remodeled bathrooms.” In real estate, kitchens and bathrooms sell houses.
- Remodeling ROI: For a home built in 1988, having modernized bathrooms is a huge plus. It saves the new owner the immediate “Day 1” renovation costs, which for two bathrooms could easily range from $8,000 to $12,000.
- The Layout: 1,056 sq. ft. is efficiently distributed across 3 bedrooms. The open-concept living and dining area is designed to maximize natural light, making the home feel much larger than its footprint suggests.
4. Why “Cash Only” Listings Exist
You will notice the listing terms specify “Cash.” This is a critical educational point for our epathgo.com readers.
- Financing Hurdles: Traditional mortgages (like FHA or Conventional) can be difficult to obtain for manufactured homes built before a certain date or those located in specific types of parks.
- The Opportunity: Because it is cash-only, the buyer pool is smaller. This gives a cash-ready buyer negotiation power. There is less “bidding war” pressure, allowing you to potentially secure the property for even less than the $84,000 asking price.
5. Location Analysis: Why Omaha 68137?
The 68137 zip code is a “Highly Desired Area” because it balances suburban quiet with rapid access to Omaha’s industrial and commercial hubs.
- Proximity: Being near 150th and Q Street means residents are minutes away from major shopping centers, parks, and top-rated schools.
- Appreciation: While manufactured homes don’t always appreciate as fast as land-owned homes, the rising demand for affordable housing in this specific zip code helps maintain a strong resale floor.
6. The “No Basement” Factor: Maintenance Wisdom
Unlike our previous analysis of the Omaha luxury home, this property has No Basement.
- Pros: No basement means zero risk of basement flooding or expensive foundation crack repairs (a common issue in Nebraska). Everything is accessible on one level, which is ideal for aging-in-place or those with mobility concerns.
- Cons: You lose out on storm shelter space and extra storage. However, the inclusion of a “Porch and Deck” helps extend the living space outdoors during the beautiful Nebraska spring and summer months.
The Verdict: Who is this Home For?
- The Budget-Conscious Minimalist: If you want to own your home outright for under $100k and live a low-maintenance lifestyle, this is a winner.
- The Transitional Buyer: Perfect for someone who needs a clean, remodeled place to live for 3-5 years while saving for a larger land-owned property.
- The Cash Investor: If the park allows rentals, the cash-flow potential here is significant. (Always check park rules before buying to rent!)
Epathgo Final Thought: Don’t let the “Manufactured” label fool you. In a high-interest-rate market, a move-in-ready 3-bedroom home for $84,000 is a rare financial tool that can help you “Break the Rent Cycle” and build your savings account.
Disclaimer: This analysis is for educational purposes on epathgo.com. Manufactured home park rules and HOA fees can change; always verify with the park management and a qualified inspector before purchasing.
Listed on Zillow