2-Unit Duplex with
5022 Izard Street, Omaha, NE 68132
For Sale
$350,000
RESIDENTIAL, 1.5 Story, Omaha, NE
Property Size2,384 SF
Lot Size0.15 Acres
Price / SF$146.81
Days on Market32
Property Features for 5022 Izard Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Fireplace
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Roof type
Architectural style
Buildings
Listing Agency:
Nebraska Realty
(402) 491-0100
Listed By:
Kyle Fagan · License NE #20150021
(402) 515-4664
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 9 at 10:06PM
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 2,384-square-foot duplex, built in 1920, contains two separate residences, each with two bedrooms and one bathroom. The upper unit has its own kitchen, while the main-level residence includes a kitchen and a flexible office or sunroom. Separate entrances serve the units. A detached two-stall garage with an EV hookup is also part of the property, along with a porch and patio.
Recent work includes a water heater, updated flooring in the kitchens and baths, carpet, blinds, fencing, and duct cleaning. The main floor has Pella wood windows, and the upper level has Gerkin vinyl windows. Other improvements include tuckpointed brickwork, Nest thermostats, Schlage keypad locks, and a Grade 4 hail-resistant roof. The property occupies a 0.15-acre lot in Omaha, Nebraska.
Recent work includes a water heater, updated flooring in the kitchens and baths, carpet, blinds, fencing, and duct cleaning. The main floor has Pella wood windows, and the upper level has Gerkin vinyl windows. Other improvements include tuckpointed brickwork, Nest thermostats, Schlage keypad locks, and a Grade 4 hail-resistant roof. The property occupies a 0.15-acre lot in Omaha, Nebraska.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,384 square feet on a 0.15‑acre lot
- Detached 2‑stall garage with EV hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,832
Cap Rate
5.95%
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 5.95%
Second Best
Apartment 5plus
$274.5K
$240.2K – $320.2K
NOI $19,212 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$627.2K
$548.8K – $731.8K
NOI $43,905 @ 7.0% cap · market cap 12.54%
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
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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
$324,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Omaha, NE
Properties on Market for Duplexes in Omaha
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance and full kitchen, with an office or sunroom in the main-level unit.
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 $350,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,384 square feet on a 0.15‑acre lot; Detached 2‑stall garage with EV hookup
