Duplex Property with Brick
For Sale
$150,000
4201 Grand Avenue, Omaha, NE 68111
Includes a two-bedroom upper residence and a separate brick commercial building.
Property Size1,160 SF
Price / SF$129.31
Days on Market48
Property Features for 4201 Grand Avenue
General Information
Standard status
Active
Size
1,160 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Fabric
Building Details
Year Built
1930
Buildings
2
Listing Agency:
Exp Realty LLC
(402) 305-4031
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Sep 20
Changed: Nov 5
Last Checked: Nov 6 at 8:22AM
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 Exp Realty LLC
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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 / Yr
$10,136
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
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
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 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 9.60%
Second Best
Multifamily LT 5
$144.8K
$126.7K – $168.9K
NOI $10,136 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$305.2K
$267.0K – $356.1K
NOI $21,363 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Multifamily in Midwest region
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 $150,000.
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
