Two-Unit Duplex with Detached
For Sale
$365,000
5022 Izard Street, Omaha, NE 68132
RESIDENTIAL, 1.5 Story, Omaha, NE
Property Size2,384 SF
Lot Size0.15 Acres
Price / SF$153.10
Days on Market13
Property Features for 5022 Izard Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
Garage - Detached
Patio and Porch features
Porch, Patio
Exterior features
Patio, Porch, Separate Entrance
Fireplace
1
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
Dundee Place
Elementary school
Harrison
Middle school
Lewis and Clark
High school
Benson
Elementary school district
Omaha
Middle school district
Omaha
High school district
Omaha
Directions
From 51st and Dodge, north on 51st. Right on Izard to home.
Standard status
Active
APN
0949950000
Size
2,384 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DUNDEE PLACE LOT 14 BLOCK 105 50 X 135
Tax Annual Amount
5769
Legal Description
DUNDEE PLACE LOT 14 BLOCK 105 50 X 135
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1920
Floors in Building
2
Roof type
Composition
Architectural style
Other
Listing Agency:
Nebraska Realty
(402) 491-0100
Listed By:
Kyle Fagan
(402) 515-4664
Added: Oct 9
Changed: Oct 20
Last Checked: Oct 21 at 11:06PM
MLS# 22629183
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.
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Investment Insights
Based on property information with market context.
This 1920 duplex contains 2,384 square feet on a 0.15-acre lot. The upper unit has two bedrooms and one bathroom; the main-level unit also has two bedrooms and one bathroom, along with an office or sunroom. Each residence has a separate entrance and a full kitchen. A detached two-stall garage includes an EV hookup, and the property also features a porch, patio, and fireplace.
Recent work includes a water heater, fencing, carpet and kitchen and bath flooring, window replacements on both levels, Nest thermostats, keypad locks, duct cleaning, brick tuckpointing, and a Grade 4 hail-resistant roof. The home has forced-air heat and central air conditioning.
Recent work includes a water heater, fencing, carpet and kitchen and bath flooring, window replacements on both levels, Nest thermostats, keypad locks, duct cleaning, brick tuckpointing, and a Grade 4 hail-resistant roof. The home has forced-air heat and central air conditioning.
Key Highlights
- 2,384 square feet on a 0.15‑acre lot
- Two separate units, each with two bedrooms, one bathroom, and a full kitchen
- Main‑level office or sunroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,832
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,640
$416.6K
Cap Rate 7%
$297,600
$297.6K
Cap Rate 9%
$231,467
$231.5K
Market Conditions
NOI Build-Up for 2,384 SF
Gross rent
$32.0K $13.44/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$29.8K $12.48/SF
− OpEx
−$8.9K −$3.74/SF
NOI
$20.8K $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%
$416,640
Cap Rate 7%
$297,600
Cap Rate 9%
$231,467
Alternative Uses
Best Use
Multifamily LT 5
$297.6K
$260.4K – $347.2K
NOI $20,832 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$274.5K
$240.2K – $320.2K
NOI $19,212 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$627.2K
$548.8K – $731.8K
NOI $43,905 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 68132, NE
13,729
Population
6,856
Households
2
Avg Household Size
35
Median Age
63%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,280
Density / Sq Mi
$81,556
Median Household Income
$51,430
Median Earnings
$979
Median Rent
$324,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two private entrances and full kitchens support separate residential spaces within a 1920 home.
Where is this duplex located?
The property is located at 5022 Izard Street Omaha, NE.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,384 square feet on a 0.15‑acre lot; Two separate units, each with two bedrooms, one bathroom, and a full kitchen; Main‑level office or sunroom
