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Two-Building Mixed-Use Property
For Sale
$150,000

4201 Grand Avenue, Omaha, NE 68111

MULTIFAMILY, Omaha, NE

Property SizeContact for details
Days on Market50

Property Features for 4201 Grand Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking 6
Fencing Chain Link
Subdivision Lands
Lot features Corner Lot
Elementary school Central Park
Middle school Monroe
High school North
Elementary school district Omaha
Middle school district Omaha
High school district Omaha
Directions 42nd To Grand Ave
Standard status Active
APN 0205070004

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
Legal 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

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1930
Number of units 2
Roof type Composition, Flat
Buildings 2
Listing Agency: Better Homes and Gardens R.E. · Better Homes and Gardens Real Estate
Listed By: Mark Gorup · License #20150129
Added: Sep 18 Changed: Nov 2 Last Checked: Nov 6 at 8:06AM
MLS# 22627041

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.

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property consists of two buildings: a duplex-style home and a 1,160 sq ft brick commercial structure. The residence’s upper level has two bedrooms, a full bathroom, kitchen, living and dining areas, and private laundry. The main floor has been taken back to the studs, while the basement adds more interior space.

The commercial building has an open main floor and additional below-grade space. It is currently used as a church. The property is offered in its present condition.

Key Highlights

  • Two buildings: a duplex‑style residence and a 1,160 sq ft brick commercial building
  • Upper residence includes 2 bedrooms, a full bath, kitchen, living and dining areas, and private laundry
  • Residential main level is stripped to the studs

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Gym & Fitness Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

298
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The offering pairs a duplex-style residence with a brick commercial building, each with separate interior space.
Where is this mixed-use property 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 buildings: a duplex‑style residence and a 1,160 sq ft brick commercial building; Upper residence includes 2 bedrooms, a full bath, kitchen, living and dining areas, and private laundry; Residential main level is stripped to the studs
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