Two-Unit Duplex with Separate
New
For Sale
$265,000
4507-4509 Hamilton Street, Omaha, NE 68132
Both residences include three bedrooms, two bathrooms, and individual water, gas, and electric meters.
Property Size2,445 SF
Price / SF$108.38
Days on Market1
Property Features for 4507-4509 Hamilton Street
General Information
Standard status
Active
Size
2,445 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
separate laundry
off-street parking
Building Details
Year Built
1946
Listing Agency:
Location Real Estate
Listed By:
All Metro Real Estate Group
(402) 215-7383
Source:
Homesforsaleomaha
Added: Oct 19
Last Checked: Oct 19 at 5:49AM
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 Location Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,445-square-foot duplex, built in 1946, contains two residences, each with three bedrooms, two bathrooms, wood floors, and separate laundry. Vinyl windows and siding are among the exterior and interior features. The basement may offer potential for additional units. Off-street parking is also provided.
The property is on Hamilton Street in Omaha, near Downtown Omaha, Midtown Crossing, Blackstone, Creighton University, and UNMC. Shopping, dining, entertainment, parks, and interstate access are also identified among the nearby area features.
The property is on Hamilton Street in Omaha, near Downtown Omaha, Midtown Crossing, Blackstone, Creighton University, and UNMC. Shopping, dining, entertainment, parks, and interstate access are also identified among the nearby area features.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,445 square feet; built in 1946
- Separate laundry and individual water, gas, and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,365
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,300
$427.3K
Cap Rate 7%
$305,214
$305.2K
Cap Rate 9%
$237,389
$237.4K
Market Conditions
NOI Build-Up for 2,445 SF
Gross rent
$32.9K $13.44/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$30.5K $12.48/SF
− OpEx
−$9.2K −$3.74/SF
NOI
$21.4K $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%
$427,300
Cap Rate 7%
$305,214
Cap Rate 9%
$237,389
Alternative Uses
Best Use
Multifamily LT 5
$305.2K
$267.1K – $356.1K
NOI $21,365 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$281.5K
$246.3K – $328.4K
NOI $19,703 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$643.3K
$562.9K – $750.5K
NOI $45,029 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Explore this area
Business Placement
Demographics for 68132, NE
13,729
Population
6,856
Households
2
Avg Household Size
35
Median Age
63%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,280
Density / Sq Mi
$81,556
Median Household Income
$51,430
Median Earnings
$979
Median Rent
$324,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include three bedrooms, two bathrooms, and individual water, gas, and electric meters.
Where is this duplex located?
The property is located at 4507-4509 Hamilton Street Omaha, NE.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,445 square feet; built in 1946; Separate laundry and individual water, gas, and electric meters for each unit
