Mixed-Use Property with Brick
For Sale
$150,000
4201 Grand Avenue, Omaha, NE 68111
RESIDENTIAL, 1.5 Story, Omaha, NE
Property Size1,336 SF
Lot Size0.15 Acres
Price / SF$112.28
Days on Market50
Property Features for 4201 Grand Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Basement, Bathroom 1, Bedroom 2
Exterior features
Separate Entrance
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
Standard status
Active
APN
0205070004
Size
1,336 SF
Lot size
0.15 Acres
Additional Details
Currently Operating
Yes
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
Amenities
private laundry
Building Details
Year built
1930
Floors in Building
2
Roof type
Composition
Architectural style
Other
Buildings
2
Listing Agency:
Better Homes and Gardens R.E. · Better Homes and Gardens Real Estate
(402) 932-5989
Listed By:
Mark Gorup · License #20150129
(402) 657-0573
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 6 at 8:06AM
MLS# 22627040
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.
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Investment Insights
Based on property information with market context.
The property comprises two buildings on a 0.15-acre lot. The residence has an upper-level living area with two bedrooms, a full bathroom, kitchen, living and dining areas, and private laundry. The main floor has been stripped to the studs, and a basement adds further space.
A separate 1,160-square-foot brick commercial building has an open main level and lower-level space. It is currently used as a church. The property was built in 1930 and includes forced-air heating and central air conditioning.
A separate 1,160-square-foot brick commercial building has an open main level and lower-level space. It is currently used as a church. The property was built in 1930 and includes forced-air heating and central air conditioning.
Key Highlights
- Two buildings on a 0.15‑acre lot
- 1,160‑square‑foot brick commercial building currently used as a church
- Upper residence includes 2 bedrooms, a full bath, kitchen, living and dining areas, and private laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,674
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,480
$233.5K
Cap Rate 7%
$166,771
$166.8K
Cap Rate 9%
$129,711
$129.7K
Market Conditions
NOI Build-Up for 1,336 SF
Gross rent
$18.0K $13.44/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$16.7K $12.48/SF
− OpEx
−$5.0K −$3.74/SF
NOI
$11.7K $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%
$233,480
Cap Rate 7%
$166,771
Cap Rate 9%
$129,711
Alternative Uses
Best Use
Mixed Use
$237.0K
$207.4K – $276.6K
NOI $16,593 @ 7.0% cap · market cap 11.06%
Second Best
Multifamily LT 5
$166.8K
$145.9K – $194.6K
NOI $11,674 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$351.5K
$307.6K – $410.1K
NOI $24,605 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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?
Mixed-use property - Two structures include a duplex-style residence and a brick commercial building currently used as a church.
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 on a 0.15‑acre lot; 1,160‑square‑foot brick commercial building currently used as a church; Upper residence includes 2 bedrooms, a full bath, kitchen, living and dining areas, and private laundry
