Updated Four-Unit Apartment
For Sale
$447,500
4206 N 52 Street, Omaha, NE 68104
Four-unit multifamily property with attached garages, basement laundry hookups, and improvements to select interior spaces.
Property Size3,680 SF
Price / SF$121.60
Days on Market479
Property Features for 4206 N 52 Street
General Information
Standard status
Active
Size
3,680 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,338
Amenities
secured building
laundry hook ups
Building Details
Year Built
1955
Buildings
1
Listing Agency:
NP Dodge RE Sales Inc 148Dodge
(402) 880-1252
Listed By:
Sean S. Petersen · License #20130477
(402) 880-1252
Source:
Exitrealty
Added: May 10, 2025
Changed: Aug 31
Last Checked: Aug 30 at 3:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NP Dodge RE Sales Inc 148Dodge
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Omaha was built in 1955 and contains 3,680 square feet. Each residence offers three bedrooms, one bathroom, and a private attached garage. The building is secured, and basement laundry hookups provide on-site utility for residents. Interior improvements include a fully renovated kitchen and bathroom in one unit, with quartz countertops and tile flooring in the kitchen, plus updated flooring, vanity, and toilet fixtures in the bath.
The property is located at 4206 N 52 Street in Omaha, Nebraska. The offering is part of a group of neighboring four-unit buildings, and the surrounding buildings may be available together or separately, subject to the applicable offering terms.
The property is located at 4206 N 52 Street in Omaha, Nebraska. The offering is part of a group of neighboring four-unit buildings, and the surrounding buildings may be available together or separately, subject to the applicable offering terms.
Key Highlights
- Four‑unit building with 3,680 SF
- Each unit includes 3 bedrooms and 1 bathroom
- Private attached garage for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,949
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$678,980
$679.0K
Cap Rate 7%
$484,986
$485.0K
Cap Rate 9%
$377,211
$377.2K
Market Conditions
NOI Build-Up for 3,680 SF
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.
Gross rent
$50.8K $13.80/SF
− Vacancy
−$2.3K −$0.62/SF
EGI
$48.5K $13.18/SF
− OpEx
−$14.5K −$3.95/SF
NOI
$33.9K $9.23/SF
Area
ZIP 68104
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$678,980
Cap Rate 7%
$484,986
Cap Rate 9%
$377,211
Alternative Uses
Best Use
Multifamily LT 5
$485.0K
$424.4K – $565.8K
NOI $33,949 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$448.7K
$392.7K – $523.5K
NOI $31,412 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,866 @ 7.0% cap · market cap 20.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 68104, NE
36,706
Population
16,330
Households
2.2
Avg Household Size
34
Median Age
31%
College-Educated
84%
High-School Grad
6.6 sq mi
ZIP Area
5,562
Density / Sq Mi
$57,488
Median Household Income
$38,703
Median Earnings
$1,049
Median Rent
$157,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with attached garages, basement laundry hookups, and improvements to select interior spaces.
Where is this quadplex located?
The property is located at 4206 N 52 Street Omaha, NE.
What is the asking price?
The asking price for this property is $447,500.
What are key features of this property?
This property features: Four‑unit building with 3,680 SF; Each unit includes 3 bedrooms and 1 bathroom; Private attached garage for every unit
