Duplex Property with Brick
New
For Sale
$155,000
4201 Grand Avenue, Omaha, NE 68111
Includes a two-bedroom upper residence and a separate brick commercial building.
Property Size1,160 SF
Price / SF$133.62
Days on Market3
Property Features for 4201 Grand Avenue
General Information
Standard status
Active
Size
1,160 SF
Property subtype
Multi-Family
Building Details
Year Built
1930
Buildings
2
Listing Agency:
Location Real Estate
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Sep 20
Changed: Sep 21
Last Checked: Sep 21 at 6:45AM
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 Location Real Estate
Investment Insights
Based on property information with market context.
This duplex-style property includes an upper residence with two bedrooms, a full bathroom, kitchen, living room, dining area, and private laundry. The primary level of the home is unfinished to the framing, while additional lower-level space offers room for future finishing. The property also includes a separate 1,160-square-foot brick commercial building at 4201 Grand Avenue, currently used as a church, with an open main level and additional space below.
The residence is located at 4203 Grand Avenue on a corner lot. The buildings date to 1930 and are being offered as-is. The combination of residential space, unfinished areas, and a separate commercial building provides multiple existing spaces for residential, business, or church-related use, subject to applicable requirements.
The residence is located at 4203 Grand Avenue on a corner lot. The buildings date to 1930 and are being offered as-is. The combination of residential space, unfinished areas, and a separate commercial building provides multiple existing spaces for residential, business, or church-related use, subject to applicable requirements.
Key Highlights
- Two‑bedroom upper residence with full bathroom, kitchen, living room, dining area, and private laundry
- Separate 1,160 sq ft brick commercial building at 4201 Grand Avenue
- Main residential level is unfinished to the framing for a new interior plan
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,136
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$202,720
$202.7K
Cap Rate 7%
$144,800
$144.8K
Cap Rate 9%
$112,622
$112.6K
Market Conditions
NOI Build-Up for 1,160 SF
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.
Gross rent
$15.6K $13.44/SF
− Vacancy
−$1.1K −$0.96/SF
EGI
$14.5K $12.48/SF
− OpEx
−$4.3K −$3.74/SF
NOI
$10.1K $8.74/SF
Area
Omaha, NE
Vacancy
7.12%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$202,720
Cap Rate 7%
$144,800
Cap Rate 9%
$112,622
Alternative Uses
Best Use
Mixed Use
$205.8K
$180.1K – $240.1K
NOI $14,407 @ 7.0% cap · market cap 9.29%
Second Best
Multifamily LT 5
$144.8K
$126.7K – $168.9K
NOI $10,136 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$305.2K
$267.0K – $356.1K
NOI $21,363 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
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Business Placement
Demographics for 68111, NE
25,048
Population
9,729
Households
2.6
Avg Household Size
31
Median Age
12%
College-Educated
78%
High-School Grad
5.2 sq mi
ZIP Area
4,817
Density / Sq Mi
$41,010
Median Household Income
$31,610
Median Earnings
$1,109
Median Rent
$101,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Includes a two-bedroom upper residence and a separate brick commercial building.
Where is this duplex located?
The property is located at 4201 Grand Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two‑bedroom upper residence with full bathroom, kitchen, living room, dining area, and private laundry; Separate 1,160 sq ft brick commercial building at 4201 Grand Avenue; Main residential level is unfinished to the framing for a new interior plan
