4201 Grand Avenue Omaha, NE 68111
DUPLEX - Omaha, NE
- Added:
- Jul 10, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 10 at 7:06 pm
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 Jul 10, 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.
Investment Insights
Based on property information with market context.
The adjacent brick commercial building is currently used as a church and features an open main level with additional usable space below.
The duplex-style home and the adjacent commercial building are offered together and sold as-is, with the listed configuration designed to support a range of occupancy and income possibilities.
Key Highlights
- Mixed‑use property with separate entrance, featuring a duplex‑style home plus an adjacent 1,160 sq. ft. brick commercial building
- 4203 Grand Ave. upper‑level residence includes 2 bedrooms, 1 full bath, kitchen, living room, dining room, and private laundry
- Main level has been taken down to the studs for a blank‑slate buildout, with additional lower‑level space ready for future finishing
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 |
