4201 Grand Avenue Omaha, NE 68111
DUPLEX - 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
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Basement, Bedroom 2, Bathroom 1
- Exterior features
- Separate Entrance
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 0205070004
- Size
- 1,336 SF
- Lot size
- 0.15 Acres
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
- Floors in Building
- 2
- Roof type
- Composition
- Architectural style
- Other
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 adjacent brick retail building is approximately 1,160 square feet and is currently used as a church. It offers an open main level and additional usable space below.
The configuration supports multiple ownership and operating models, including living in the duplex while using the retail building for business or religious purposes, or renting the units and retail space to generate income. Prospective buyers should note that the property is being sold as-is.
Key Highlights
- Corner lot with a conversion‑style duplex and a separate 1,160 SF brick retail building next door
- Upper unit is move‑in ready with 2 bedrooms, 1 full bath, kitchen, living and dining rooms, and its own laundry
- Main floor has been taken down to the studs for a blank canvas custom floor plan; additional access to lower level for 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 | $18.0k | $13.44 |
| − Vacancy | −$1.3k | −$0.96 |
| EGI | $16.7k | $12.48 |
| − OpEx | −$5.0k | −$3.74 |
| NOI | $11.7k | $8.74 |
