Remodeled Duplex with Separate
For Sale
$340,000
4656 Orchard Avenue, Omaha, NE 68117
Two-unit property with in-place appliances, private laundry, and a large backyard near a high school and shopping.
Property Size1,614 SF
Price / SF$210.66
Days on Market49
Property Features for 4656 Orchard Avenue
General Information
Standard status
Active
Size
1,614 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Buena Vista Neighborhood Association
Units
Unit Mix
2 x 2BR/1BA, 2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1962
Listing Agency:
Realty One Group Sterling
Listed By:
Heidi Cline
(402) 350-9494
Source:
Tenaciousrealty
Added: Sep 13
Changed: Oct 31
Last Checked: Oct 30 at 2:39PM
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 Realty One Group Sterling
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 duplex contains two separate residences with individual entrances and a combined 1,614 square feet of living area. Each unit offers two bedrooms and one bathroom, with open-concept kitchen space and its own washer and dryer. The property has been completely remodeled, and the existing appliances remain with the sale. A large backyard adds outdoor space for the occupants.
Built in 1962, the property is positioned near a high school and shopping area. One unit is currently rented, while the second unit is vacant and includes two bedrooms and one bathroom. The two-unit configuration provides separate living spaces within a single residential income property.
Built in 1962, the property is positioned near a high school and shopping area. One unit is currently rented, while the second unit is vacant and includes two bedrooms and one bathroom. The two-unit configuration provides separate living spaces within a single residential income property.
Key Highlights
- Completely remodeled duplex with 1,614 square feet
- Two units, each with 2 bedrooms and 1 bathroom
- Separate entrances for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,103
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,060
$282.1K
Cap Rate 7%
$201,471
$201.5K
Cap Rate 9%
$156,700
$156.7K
Market Conditions
NOI Build-Up for 1,614 SF
Gross rent
$21.7K $13.44/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$20.1K $12.48/SF
− OpEx
−$6.0K −$3.74/SF
NOI
$14.1K $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%
$282,060
Cap Rate 7%
$201,471
Cap Rate 9%
$156,700
Alternative Uses
Best Use
Multifamily LT 5
$201.5K
$176.3K – $235.1K
NOI $14,103 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,007 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$424.6K
$371.6K – $495.4K
NOI $29,724 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 68117, NE
8,387
Population
3,258
Households
2.6
Avg Household Size
37
Median Age
15%
College-Educated
81%
High-School Grad
4.9 sq mi
ZIP Area
1,712
Density / Sq Mi
$73,860
Median Household Income
$41,279
Median Earnings
$1,328
Median Rent
$157,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with in-place appliances, private laundry, and a large backyard near a high school and shopping.
Where is this duplex located?
The property is located at 4656 Orchard Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Completely remodeled duplex with 1,614 square feet; Two units, each with 2 bedrooms and 1 bathroom; Separate entrances for both residences
