Fully Renovated
For Sale
$450,000
502 S 50th Street, Omaha, NE 68106
MULTI_FAMILY - Omaha, NE
Property SizeContact for details
Days on Market14
Property Features for 502 S 50th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking
6
Exterior features
Storage Shed
Fencing
Chain Link
Subdivision
Lockwood Terrace
Lot features
Corner Lot
Elementary school
Washington
Middle school
Lewis and Clark
High school
Central
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Directions
50th St and Dodge St. South to home.
Standard status
Active
APN
1633490000
Taxes and HOA fees
Tax Year
2025
Tax Description
LOCKWOOD TERRACE LOT 1 BLOCK 0
Tax Annual Amount
4792
Legal Description
LOCKWOOD TERRACE LOT 1 BLOCK 0
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1942
Number of units
2
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Better Homes and Gardens R.E. · Better Homes and Gardens Real Estate
(402) 932-5989
Listed By:
Ben Smail
(402) 660-1174
Added: Jul 24
Changed: Aug 4
Last Checked: Aug 6 at 8:06PM
MLS# 22621081
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.
Investment Insights
Based on property information with market context.
Purpose-built duplex built in 1942, presented as fully renovated and designed for straightforward occupancy. Each fully-renovated unit provides three bedrooms and one bathroom. Hardwood floors run through the first and second floors, and the kitchen includes white cabinetry, granite countertops, stainless-steel appliances, a backsplash, and bar seating for four. Upstairs, two bedrooms and a remodeled full bathroom are laid out above the main living areas. The basement adds a third bedroom with an egress window, along with a laundry area and storage.
Major updates include a new composition roof in 2021, a comprehensive 2023 exterior renovation (new LP siding, insulation, sheathing, gutters, and paint), and new HVAC systems for both units in 2024. The upper yard is fully fenced with a concrete patio and storage shed, and the driveway provides off-street parking for six. Both units are fully furnished.
Located near UNMC, the Blackstone District, The Catalyst, Dundee, and Memorial Park in the Happy Hollow District, the property offers convenient access to multiple area destinations.
Major updates include a new composition roof in 2021, a comprehensive 2023 exterior renovation (new LP siding, insulation, sheathing, gutters, and paint), and new HVAC systems for both units in 2024. The upper yard is fully fenced with a concrete patio and storage shed, and the driveway provides off-street parking for six. Both units are fully furnished.
Located near UNMC, the Blackstone District, The Catalyst, Dundee, and Memorial Park in the Happy Hollow District, the property offers convenient access to multiple area destinations.
Key Highlights
- Purpose‑built duplex built in 1942 with two renovated units
- Each unit features three bedrooms and one bathroom, plus basement egress bedroom
- New composition roof in 2021
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,567
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Purpose-built duplex with two renovated 3-bedroom units, forced-air heating, central air, fenced yard, and off-street parking for six.
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: Purpose‑built duplex built in 1942 with two renovated units; Each unit features three bedrooms and one bathroom, plus basement egress bedroom; New composition roof in 2021
