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Renovated Furnished Duplex
For Sale
$450,000

502 S 50th Street, Omaha, NE 68106

Two three-bedroom units feature updated interiors, private laundry areas, storage, and shared off-street parking.

Property SizeContact for details
Days on Market37

Property Features for 502 S 50th Street

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Multi Family Home

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Additional Details

Furnished Yes

Taxes and HOA fees

Annual Taxes $4,792

Amenities

fenced yard
patio
storage shed

Building Details

Year Built 1942
Year Renovated 2023
Buildings 1
Stories 2
Units 2
Listing Agency: Better Homes and Gardens R.E.
Listed By: Ben Smail
Source: Hikerealestate
Added: Jul 26 Changed: Aug 30 Last Checked: Aug 30 at 1:19PM

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 Better Homes and Gardens R.E.

Investment Insights

Based on property information with market context.

This 1942 duplex contains two fully furnished units, each arranged with three bedrooms and one bathroom. Interior improvements include hardwood flooring, updated kitchens with white cabinetry, granite countertops, stainless steel appliances, backsplash tile, and bar seating. Each basement includes a bedroom with an egress window, laundry area, and storage. Both units received new HVAC systems in 2024.

Exterior work completed in 2023 included LP siding, insulation, sheathing, gutters, and paint, while the roof was replaced in 2021. The upper yard is fenced and includes a concrete patio and storage shed. A driveway provides off-street parking for six vehicles. The property is located near UNMC, the Blackstone District, The Catalyst, Dundee, and Memorial Park in Omaha’s Happy Hollow District.

Key Highlights

  • Two fully furnished units, each with 3 bedrooms and 1 bathroom
  • New HVAC systems installed in both units in 2024
  • 2023 exterior renovation included LP siding, insulation, sheathing, gutters, and paint

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Barber Shop Big Box & Wholesale Store Carpet & Flooring Store Auto Parts Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,567
Businesses Nearby

Demographics for 68106, NE

21,871
Population
10,935
Households
2
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
4,206
Density / Sq Mi
$70,649
Median Household Income
$46,958
Median Earnings
$1,234
Median Rent
$202,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom units feature updated interiors, private laundry areas, storage, and shared off-street parking.
Where is this duplex located?
The property is located at 502 S 50th Street Omaha, NE.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two fully furnished units, each with 3 bedrooms and 1 bathroom; New HVAC systems installed in both units in 2024; 2023 exterior renovation included LP siding, insulation, sheathing, gutters, and paint
More about this property
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