4201 Grand Avenue, Omaha, NE 68111
- Added:
- May 23, 2026
- Days on Market:
- 42
- Last Refresh:
- Jul 3 at 7:06 am
Property Features for 4201 Grand Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Basement, Bedroom 1
- Exterior features
- Separate Entrance
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 0205070004
- Size
- 1,336 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LANDS SEC-TWN-RGE 05-15-13 E 91 W 231 N 72 S 135 FT TX LT 1 SE 1/4 NW 1/4
- Tax Annual Amount
- 1675
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Roof type
- Composition
- Architectural style
- Other
Listing agent Mark Gorup License #20150129 (402) 657-0573
Listing office Better Homes and Gardens R.E. 1210 N 205th Street, Omaha, NE (402) 932-5989
Listing date May 23, 2026
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.
HighLights
- Conversion‑style duplex on a corner lot plus a 1,160 SF brick retail building next door (both sold AS IS).
- Upper unit is move‑in ready with 2 bedrooms, 1 full bath, kitchen, living room, dining room, and its own laundry.
- Main floor has been taken down to the studs with additional access to the lower level ready for finishing.
- Retail building currently used as a church with an open main level and additional usable space below.
- Heating: forced air; cooling: central air.
- Exterior includes separate entrances and chain‑link fencing; roof is composition.
Overview
The adjacent brick retail building is approximately 1,160 square feet and is currently used as a church. It offers an open main level and additional usable space below.
The configuration supports multiple ownership and operating models, including living in the duplex while using the retail building for business or religious purposes, or renting the units and retail space to generate income. Prospective buyers should note that the property is being sold as-is.
Local 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 | $18.0k | $13.44 |
| − Vacancy | −$1.3k | −$0.96 |
| EGI | $16.7k | $12.48 |
| − OpEx | −$5.0k | −$3.74 |
| NOI | $11.7k | $8.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Sarpy
- State
- Nebraska
- Longitude
- -95.976066
- Latitude
- 41.303001
