4-Unit
For Sale
$400,000
4420 N 48 Street, Omaha, NE 68104
The property pairs a three-unit main residence with a converted garage residence.
Property Size3,800 SF
Price / SF$105.26
Days on Market13
Property Features for 4420 N 48 Street
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Benson Neighborhood Association
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,090
Amenities
Walk-Out Access
2
true
7
false
11
Assessor
Chain Link
Over 1/4 up to 1/2 Acre
Public
10570
8
125 x 84.56
0.2427
Block
3800
Building Details
Building Size
3,800 SF
Year Built
1960
Listing Agency:
Maxim Realty Group LLC
Listed By:
Kenny Tran
Source:
Ersrealestategroup
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 31 at 4:12AM
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 Maxim Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 1960, this 3,800-square-foot quadplex contains four residential units. The main house has been configured as three units, while the garage has been converted into a residence with four bedrooms and 1.5 bathrooms. The property occupies a 0.2427-acre parcel measuring 125 x 84.56 feet.
Key Highlights
- Four residential units across the property
- Main house configured as three units
- Converted garage residence has 4 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,056
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,120
$701.1K
Cap Rate 7%
$500,800
$500.8K
Cap Rate 9%
$389,511
$389.5K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$52.4K $13.80/SF
− Vacancy
−$2.4K −$0.62/SF
EGI
$50.1K $13.18/SF
− OpEx
−$15.0K −$3.95/SF
NOI
$35.1K $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 Rate 5%
$701,120
Cap Rate 7%
$500,800
Cap Rate 9%
$389,511
Alternative Uses
Best Use
Multifamily LT 5
$500.8K
$438.2K – $584.3K
NOI $35,056 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$463.4K
$405.5K – $540.6K
NOI $32,436 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,796 @ 7.0% cap · market cap 23.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The property pairs a three-unit main residence with a converted garage residence.
Where is this quadplex located?
The property is located at 4420 N 48 Street Omaha, NE.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four residential units across the property; Main house configured as three units; Converted garage residence has 4 bedrooms and 1.5 bathrooms
