Finding a home that balances 19th-century character with 21st-century mechanical reliability is the “holy grail” for budget-conscious buyers and real estate investors alike. The property at 1804 N 33rd St, Omaha, NE 68111, priced at $132,400, is a standout example of this rare combination.
Built in 1897, this 1,176 sq. ft. residence has been strategically updated to eliminate the “big ticket” worries that usually come with historic homes. Today, we analyze why this “As-Is” listing might be the safest bet in the current Omaha market.
| Feature | Detail |
| Address | 1804 N 33rd St, Omaha, NE 68111 |
| List Price | $132,400 ($113/sqft) |
| Beds/Baths | 2 Bedrooms / 2 Bathrooms (1/2 Bath on Main) |
| Year Built | 1897 (Historic 2-Story) |
| Key Upgrades | Newer Furnace, Central Air, Newer Roof |
| Special Feature | Above-Ground Pool & Front Sun Porch |
1. Mechanical Peace of Mind: The “Big Three”
At epathgo.com, we always tell our readers: Don’t fall in love with the paint; fall in love with the furnace. This home scores incredibly high because it features the “Big Three” recent updates:
- Newer Roof: Protects your investment from Nebraska’s unpredictable weather.
- Newer Furnace: Ensures efficient heating during Omaha’s harsh winters.
- Central Air: A luxury in many 1800s-era homes, providing modern comfort in the summer heat.
The Strategy: For an investor, these updates mean lower “CapEx” (Capital Expenditure) in the first 5-10 years, significantly increasing your net cash flow.
2. Floor Plan Efficiency: The 2-Story Advantage
Many older homes suffer from choppy, cramped layouts. However, this property features an Open Floor Plan on the main level.
- The Living/Dining Flow: The abundance of natural light combined with an open flow into the kitchen makes the 1,176 sq. ft. feel much more expansive.
- Main Floor Laundry: In older 2-story homes, laundry is often relegated to a dark basement. Having it on the main floor next to a convenient half-bath is a major “quality of life” upgrade for modern tenants and owners.
3. The “Front Sun Porch” Factor
In real estate marketing, “Curb Appeal” and “Lifestyle Spaces” drive price. The front sun porch is more than just a porch; it’s an extension of the living space.
- Value Addition: It serves as a transition zone that keeps the main house cleaner and provides a serene spot for morning coffee or evening unwinding. In a rental market, this is a “sticky” feature—something that makes a tenant fall in love with the property and stay longer.
4. Understanding the “AS-IS” Label
The listing states the property is sold AS-IS. For the uneducated buyer, this sounds scary. For the epathgo.com reader, it’s an opportunity.
- What it means: The seller will not make further repairs after the inspection.
- The Strategy: Since the roof, furnace, and AC are already “newer,” the “As-Is” risk is significantly minimized. Most remaining issues in a home of this caliber would likely be cosmetic. This label often scares away emotional buyers, leaving the door open for savvy investors to negotiate a clean deal.
5. Above-Ground Pool & Outdoor Living
Rarely do you see a “Private Pool” listed for a home at $132,400.
- The Backyard: Featuring a mix of chain link and wood privacy fencing, the yard is a secure space for pets or family gatherings.
- The Pool: While an above-ground pool requires maintenance, it represents a unique amenity in this price tier, especially in the North Omaha area, adding to the home’s “fun factor.”
6. Investor Math: The Rental Perspective
- Purchase Price: $132,400
- Tax Value: $106,900 (Annual Tax: $1,787)
- Estimated Rent: Based on local 2-bed, 2-bath benchmarks in 68111, this property could potentially yield high cash flow given its modernized state.
With no HOA fees and modernized utilities, the monthly “carrying costs” are remarkably low, making this a prime candidate for a “Buy and Hold” strategy.
The Verdict: A Historic Gem Ready for the Future
1804 N 33rd St is a testament to how a historic 1897 home can be adapted for 2026. It offers the structural “bones” of the past with the mechanical efficiency of the present.
Epathgo Final Thought: Whether you are a first-time homebuyer looking for a modernized starter home or an investor seeking a turnkey rental, this property proves that “affordable” doesn’t have to mean “outdated.”
Disclaimer: Always perform a professional home inspection, even on “As-Is” properties, to ensure full awareness of the home’s condition.
Listed on Zillow