Purpose-Built Duplex with ADU
For Sale
Contact for pricing
Pending
4814 Polk St, Omaha, NE 68117
Duplex with ADU potential, park access, and in-unit laundry.
Property Size1,848 SF
Days on Market149
Property Features for 4814 Polk St
General Information
Standard status
Pending
Size
1,848 SF
Property subtype
Multifamily
Net Operating Income
$21,155
Building Details
Year Built
1955
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices Ambassador Real Estate Omaha
Listed By:
Michael Shekhtman · License #20170048
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 10 at 2:03PM
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 Berkshire Hathaway HomeServices Ambassador Real Estate Omaha
Investment Insights
Based on property information with market context.
This is an investment property featuring a purpose-built duplex with no backyard neighbors and park access. The lot is zoned to allow for Accessory Dwelling Units (ADUs). Each of the two units includes 2 bedrooms and 1 bathroom, with 924 square feet of living space. Both units are equipped with in-unit laundry and a dishwasher. Newer vinyl windows have been installed. A brand new cast iron sewer line has been installed under the basement floor slab. The property includes an unfinished walkout basement, offering the potential for a third unit build-out. The total property size is 1848 square feet.
Key Highlights
- Zoned to allow ADUs (Additional Dwelling Units) offering significant income potential.
- Purpose‑built duplex, ideal for immediate rental income.
- Unfinished walkout basement provides potential for a 3rd unit build‑out.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,148
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,960
$323.0K
Cap Rate 7%
$230,686
$230.7K
Cap Rate 9%
$179,422
$179.4K
Market Conditions
NOI Build-Up for 1,848 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.8K $13.44/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$23.1K $12.48/SF
− OpEx
−$6.9K −$3.74/SF
NOI
$16.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,960
Cap Rate 7%
$230,686
Cap Rate 9%
$179,422
Alternative Uses
Best Use
Multifamily LT 5
$230.7K
$201.9K – $269.1K
NOI $16,148 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$212.7K
$186.2K – $248.2K
NOI $14,892 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$486.2K
$425.4K – $567.2K
NOI $34,034 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
87
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with ADU potential, park access, and in-unit laundry.
Where is this duplex located?
The property is located at 4814 Polk St Omaha, NE.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Zoned to allow ADUs (Additional Dwelling Units) offering significant income potential.; Purpose‑built duplex, ideal for immediate rental income.; Unfinished walkout basement provides potential for a 3rd unit build‑out.
