2-Unit Duplex with Separate
New
For Sale
$265,000
4507-4509 Hamilton Street, Omaha, NE 68132
RESIDENTIAL, 1.0 Story/Ranch, Omaha, NE
Property Size2,445 SF
Lot Size0.22 Acres
Price / SF$108.38
Days on Market3
Property Features for 4507-4509 Hamilton Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Basement, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 4
Parking features
Off Street
Subdivision
Walnut Hill
Elementary school
Walnut Hill
Middle school
Lewis and Clark
High school
Benson
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Directions
45th & Hamilton
Standard status
Active
APN
2408320000
Size
2,445 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WALNUT HILL LOT 3 BLOCK 22 50 X 194.5
Tax Annual Amount
2155
Legal Description
WALNUT HILL LOT 3 BLOCK 22 50 X 194.5
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
separate laundry
off-street parking
Building Details
Year built
1946
Floors in Building
1
Architectural style
Ranch
Listing Agency:
BHHS Ambassador Real Estate · Berkshire Hathaway HomeServices
(402) 493-4663
Listed By:
Chris Bauer · License #20080552
(402) 510-1300
Added: Oct 16
Last Checked: Oct 18 at 5:06AM
MLS# 22629982
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.
This 2,445-square-foot ranch-style duplex, built in 1946, contains two residences with three bedrooms and two bathrooms apiece. Wood flooring, vinyl windows, vinyl siding, and fresh paint are among the interior and exterior features. Each unit has separate laundry and individual water, gas, and electric meters. The property also has forced-air heat, central air conditioning, and off-street parking on a 0.22-acre lot.
The property is near Downtown Omaha, Midtown Crossing, Blackstone, Creighton University, and UNMC. Shopping, dining, parks, entertainment, and interstate access are also identified in the surrounding area.
The property is near Downtown Omaha, Midtown Crossing, Blackstone, Creighton University, and UNMC. Shopping, dining, parks, entertainment, and interstate access are also identified in the surrounding area.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,445 square feet on a 0.22‑acre lot
- Built in 1946; ranch‑style architecture
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
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, two bathrooms, and their own laundry areas.
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 units, each with 3 bedrooms and 2 bathrooms; 2,445 square feet on a 0.22‑acre lot; Built in 1946; ranch‑style architecture
