4201 Grand Avenue Omaha, NE 68111
MULTI_FAMILY - Omaha, NE
- Added:
- May 23, 2026
- Days on Market:
- 49
- 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
- Flat, Composition
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 May 23, 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.
The brick retail building next door is currently used as a church. It features an open main level and additional usable space below, providing flexibility for ongoing religious use or other compatible uses.
The property is located at 4201 Grand Avenue in Omaha on a corner lot and is being sold AS IS.
Key Highlights
- Forced air heating and central air cooling
- 1930 construction with composition and flat roof
- Corner lot property with a conversion‑style duplex plus an adjacent 1,160 sq ft brick retail building
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 |
