Craftsman Duplex with Two
5022 Izard Street Omaha, NE 68132
For Sale
$400,000
DUPLEX - Omaha, NE
Property Size2,384 SF
Lot Size0.15 Acres
Price / SF$167.79
Days on Market16
Property Features for 5022 Izard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Basement
- Patio and Porch features
- Porch, Patio
- Interior features
- 2nd Kitchen
- Exterior features
- Porch, Patio
- Fireplace
- 1
- Appliances
- Range - Cooktop + Oven, Refrigerator, Washer, Dishwasher, Dryer, Microwave
- Standard status
- Active
- APN
- 0949950000
- Size
- 2,384 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DUNDEE PLACE LOT 14 BLOCK 105 50 X 135
- Tax Annual Amount
- 5769
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
Keller Williams Greater Omaha
(402) 778-1212
Listed By:
Kirk Meisinger · License #20070180
(402) 201-8311
Added: Jul 8
Changed: Jul 22
Last Checked: Jul 23 at 12:06PM
MLS# 22619637
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.
This Craftsman-style duplex features a total of 4 bedrooms and 2 full kitchens, arranged as two separate living spaces with individual heating and cooling systems. Virtually all windows have been replaced, including Pella windows on the first floor. The roof was replaced in 2018 with Level 4 impact-resistant shingles, and the property has been pre-inspected for buyer confidence.
Located on a picturesque street in Dundee, the home is presented as an owner-occupant or income-generating configuration. The public remarks note proximity to UNMC, UNO, and Creighton University, along with an easy walk to downtown Dundee.
With two self-contained living areas and multiple key updates already completed, the duplex offers a straightforward setup for tenants and residents who want separate systems within one property.
Located on a picturesque street in Dundee, the home is presented as an owner-occupant or income-generating configuration. The public remarks note proximity to UNMC, UNO, and Creighton University, along with an easy walk to downtown Dundee.
With two self-contained living areas and multiple key updates already completed, the duplex offers a straightforward setup for tenants and residents who want separate systems within one property.
Key Highlights
- Craftsman‑style home built in 1920 with 4 bedrooms and 2 full kitchens.
- Converted into two separate living spaces with separate heating and cooling systems.
- Roof replacement in 2018 with level 4 impact‑resistant shingles.
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 | $32.0k | $13.44 |
| − Vacancy | −$2.3k | −$0.96 |
| EGI | $29.8k | $12.48 |
| − OpEx | −$8.9k | −$3.74 |
| NOI | $20.8k | $8.74 |
2,384 SF · lease $13.44/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.6K
$260.4K – $347.2K
NOI $20,832 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$274.5K
$240.2K – $320.2K
NOI $19,212 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$627.2K
$548.8K – $731.8K
NOI $43,905 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Craftsman-style duplex with two full kitchens and separate heating and cooling systems.
Where is this duplex located?
The property is located at 5022 Izard Street Omaha, NE.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Craftsman‑style home built in 1920 with 4 bedrooms and 2 full kitchens.; Converted into two separate living spaces with separate heating and cooling systems.; Roof replacement in 2018 with level 4 impact‑resistant shingles.
