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Duplex Property with Brick Commercial Building
New
For Sale
$155,000

4201 Grand Avenue, Omaha, NE 68111

MULTIFAMILY, Omaha, NE

Property SizeContact for details
Days on Market5

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
Listing Agency: Better Homes and Gardens R.E. · Better Homes and Gardens Real Estate
Listed By: Mark Gorup · License #20150129
Added: Sep 18 Changed: Sep 21 Last Checked: Sep 22 at 4:06AM
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.

Investment Insights

Based on property information with market context.

This duplex-oriented property includes two separate buildings and a flexible mix of residential and commercial space. The upper residential level contains two bedrooms, a full bathroom, kitchen, living room, dining area, and private laundry. The main level is unfinished to the studs, while additional basement space provides room for future finishing. A separate 1,160-square-foot brick building includes an open main floor and lower-level area and is currently used as a church.

The property was built in 1930 and includes forced-air heating, central air conditioning, chain-link fencing, and flat and composition roofing. The buildings are located on a corner lot in Omaha and offer several distinct areas for residential, community, or business use, subject to applicable requirements.

Key Highlights

  • Two buildings on a corner lot
  • Upper residence includes 2 bedrooms, full bath, kitchen, living and dining areas, and private laundry
  • Separate 1,160‑square‑foot brick building with open main level and lower‑level space

Property Analytics

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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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-building property combines a residential layout with a separate brick structure currently used as a church.
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 buildings on a corner lot; Upper residence includes 2 bedrooms, full bath, kitchen, living and dining areas, and private laundry; Separate 1,160‑square‑foot brick building with open main level and lower‑level space
More about this property
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