10-Unit Brick Apartment
406 N 49 Street, Omaha, NE 68132
For Sale
New
$1,195,000
Two buildings offer a mix of two- and one-bedroom residences with on-site laundry and parking.
Property Size850 SF
Price / SF$1,405
Days on Market4
Property Features for 406 N 49 Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
laundry
Building Details
Year Built
Buildings
Construction
Listing Agency:
Nexthome Signature Real Estate
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 9:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nexthome Signature Real Estate
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Investment Insights
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This apartment property comprises 10 units across two brick buildings constructed in 1940. The mix includes eight two-bedroom, two-bathroom apartments and two one-bedroom, one-bathroom apartments. On-site laundry serves residents, and parking includes five garages and one surface space.
Exterior work includes a roof replacement in 2018 and completed tuck-pointing and brick repairs in 2026. Electricity is separately metered to each apartment; gas is separately metered for the two-bedroom units. Water and sewer costs are billed back to tenants. An on-site maintenance manager handles lawn care and snow removal.
The property is a short walk from shops and dining along Underwood Avenue in Omaha.
Exterior work includes a roof replacement in 2018 and completed tuck-pointing and brick repairs in 2026. Electricity is separately metered to each apartment; gas is separately metered for the two-bedroom units. Water and sewer costs are billed back to tenants. An on-site maintenance manager handles lawn care and snow removal.
The property is a short walk from shops and dining along Underwood Avenue in Omaha.
Key Highlights
- 10 apartments across two brick buildings built in 1940
- Unit mix: eight 2‑bedroom, 2‑bathroom apartments and two 1‑bedroom, 1‑bathroom apartments
- Five garages and one surface parking space; on‑site laundry
Property Analytics
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Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,526
Businesses Nearby
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Business Placement
Demographics for 68132, NE
13,729
Population
6,856
Households
2
Avg Household Size
35
Median Age
63%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,280
Density / Sq Mi
$81,556
Median Household Income
$51,430
Median Earnings
$979
Median Rent
$324,600
Median Home Value
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Market
Properties on Market for Apartment buildings in Omaha
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings offer a mix of two- and one-bedroom residences with on-site laundry and parking.
Where is this apartment building located?
The property is located at 406 N 49 Street Omaha, NE.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 10 apartments across two brick buildings built in 1940; Unit mix: eight 2‑bedroom, 2‑bathroom apartments and two 1‑bedroom, 1‑bathroom apartments; Five garages and one surface parking space; on‑site laundry
