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Six-Unit Apartment Building For Sale

4516 Izard St, Omaha, NE 68132

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For Sale

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Well-maintained six-unit apartment building in Walnut Hill/Midtown area.

Type:Multifamily

Property size:

4,080 SF

Price / SF:

$134/SF

HighLights

Immediate cash flow with upside through rent optimization.
Located in the vibrant Walnut Hill / Midtown area.
6‑unit apartment building with a mix of 2‑bedroom and 1‑bedroom units.
Well‑maintained property built in 1965.
Off‑street parking available for residents.
Proven rental demand in a growing market.

We can help!

Contact an agent

Jim Sanderson CCIM

For Sale

Contact for pricing

Well-maintained six-unit apartment building in Walnut Hill/Midtown area.

Type:Multifamily

Property size:

4,080 SF

Price / SF:

$134/SF

Added:: Mar 23, 2026
Days on Market:: 97
Last Refresh:: Mar 25 at 8:41 am

Property Features for 4516 Izard St

General Information

Standard status: Active
Size: 4,080 SF
Property subtype: Multifamily

Building Details

Year Built: 1965

We can help!

Contact an agent

Jim Sanderson CCIM

Listing office Cascade Commercial

Listing date Mar 23, 2026

Source Crexi

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 Cascade Commercial

HighLights

Immediate cash flow with upside through rent optimization.
Located in the vibrant Walnut Hill / Midtown area.
6‑unit apartment building with a mix of 2‑bedroom and 1‑bedroom units.
Well‑maintained property built in 1965.
Off‑street parking available for residents.
Proven rental demand in a growing market.

Overview

This is a six-unit apartment building constructed in 1965. The property contains 4,080 square feet. It features a mix of five two-bedroom, one-bath units and one one-bedroom, one-bath unit. The property is located in the Walnut Hill / Midtown area. It offers immediate cash flow with potential for rent optimization and light renovations. Residents benefit from spacious layouts and off-street parking. The property is suitable for investors seeking stable income and appreciation.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$64.6k	$15.84
− Vacancy	−$4.8k	−$1.19
EGI	$59.8k	$14.65
− OpEx	−$26.9k	−$6.59
NOI	$32.9k	$8.06

4,080 SF · lease $15.84/SF/yr · vacancy 7.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$469.7K

$411.0K – $548.0K (±1% cap)

NOI $32,879 @ 7.0% cap · market cap 5.98%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.07M

$939.3K – $1.25M (±1% cap)

NOI $75,140 @ 7.0% cap · market cap 13.66%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Omaha
County: Sarpy
State: Nebraska
Longitude: -95.9811453
Latitude: 41.2691654

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For sale
Apartment buildings
NE
Omaha
68132
4516 Izard St

What type of property is this?

Apartment building - Well-maintained six-unit apartment building in Walnut Hill/Midtown area.

Where is this apartment building located?

The property is located at 4516 Izard St Omaha, NE.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Immediate cash flow with upside through rent optimization.; Located in the vibrant Walnut Hill / Midtown area.; 6‑unit apartment building with a mix of 2‑bedroom and 1‑bedroom units.