4201 Grand Avenue Omaha, NE 68111
MULTI_FAMILY - Omaha, NE
- Added:
- Jul 10, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 10 at 11:06 pm
Property Features for 4201 Grand Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 6
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 0205070004
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LANDS SEC-TWN-RGE 05-15-13 E 91 W 231 N 72 S 135 FT TX LT 1 SE 1/4 NW 1/4
- Tax Annual Amount
- 1675
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Number of units
- 2
- Roof type
- Composition, Flat
Listing agent Mark Gorup License #20150129 (402) 657-0573
Listing office Better Homes and Gardens R.E. 1210 N 205th Street, Omaha, NE (402) 932-5989
Listing date Jul 10, 2026
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Next door, the brick building is currently used as a church. It features an open main level with additional usable space below.
The property is being sold AS IS.
Key Highlights
- Mixed‑use property with duplex‑style home (4203 Grand Ave.) plus an adjacent 1,160 sq. ft. brick commercial building
- Upper‑level residence offers 2 bedrooms, 1 full bath, kitchen, living room, dining room, and private laundry
- Main level of the home has been taken down to the studs for a blank slate; additional lower‑level space is ready for future finishing
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.6k | $13.44 |
| − Vacancy | −$1.1k | −$0.96 |
| EGI | $14.5k | $12.48 |
| − OpEx | −$4.3k | −$3.74 |
| NOI | $10.1k | $8.74 |
