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    502 William St Omaha, NE 68108

    New
    For Sale
    $494,900

    Multi-Family - Omaha, NE

    Type:Multi Family
    Days on Market:
    7
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 502 William St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    7
    Bathrooms
    4
    APN
    09013400009
    Parking
    2
    Patio and Porch features
    Deck
    Exterior features
    Deck/Balcony
    Basement Y/N
    1
    Appliances
    Cooktop, Dishwasher, Freezer, Microwave, Range, Refrigerator, Washer

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1880
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    Realty One Group Sterling (402) 706-8583 [email protected]

    Listing agent Ted Kaasch (402) 934-0074 License #20230253

    Listing date Dec 8, 2025

    MLS# 22423092 Listing URL

    Copyright © 2025 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.

    Overview

    Renovated 4-Plex in Little Italy

    This 4-plex is located in Little Italy, within walking or driving distance to the Old Market and Little Boho. The interior has been freshly renovated with modern upgrades, including granite countertops, classic hardwood floors, stainless steel appliances, and subway tiled kitchen backsplashes and bathrooms. All units feature the same classic finishes. The location is suitable for both long-term and mid-term rentals, or for living in one unit and renting out the others. The property presents an opportunity to Airbnb one or two units. The unfinished basement space allows for adding value with paid laundry, storage rental, and a recreational area. The exterior is a plain canvas. The seller will replace the roof before closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.9229932
    Latitude
    41.2460532

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    FAQs

    What type of property is this?
    Quadplex - Modernized 4-unit property near Old Market and Little Boho.
    Where is this quadplex located?
    The property is located at 502 William St Omaha, NE.
    What is the asking price?
    The asking price for this property is $494,900.
    What are key features of this property?
    This property features: - Prime location in Little Italy, walk or drive to the Old Market and Little Bohemia.; - Fully renovated interior with granite countertops, hardwood floors, and stainless steel appliances.; - Excellent investment opportunity for long-term, mid-term, or Airbnb rentals.
    (402) 934-0074
    Request Owner's contact information
    502 William St Omaha, NE 68108
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    Omaha, NE 68108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 William St Omaha, NE 68108
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