5022 Izard Street Omaha, NE 68132
DUPLEX - Omaha, NE
Property Features for 5022 Izard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Basement, Bathroom 2, Bedroom 2
- Patio and Porch features
- Porch, Patio
- Interior features
- 2nd Kitchen
- Exterior features
- Patio, Porch
- Fireplace
- 1
- Appliances
- Dishwasher, Dryer, Microwave, Range - Cooktop + Oven, Refrigerator, Washer
- 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
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 agent Kirk Meisinger License #20070180 (402) 201-8311
Listing office Keller Williams Greater Omaha 2514 S 119th St, Omaha, NE (402) 778-1212
Listing date Jul 8, 2026
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.
Located on a picturesque street in Dundee, the home is presented as an owner-occupant or income-generating configuration. The public remarks note proximity to UNMC, UNO, and Creighton University, along with an easy walk to downtown Dundee.
With two self-contained living areas and multiple key updates already completed, the duplex offers a straightforward setup for tenants and residents who want separate systems within one property.
Key Highlights
- Craftsman‑style home built in 1920 with 4 bedrooms and 2 full kitchens
- Two separate living spaces with separate heating and cooling systems
- Almost all windows replaced; first‑floor windows are Pella windows
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $13.44 |
| − Vacancy | −$2.3k | −$0.96 |
| EGI | $29.8k | $12.48 |
| − OpEx | −$8.9k | −$3.74 |
| NOI | $20.8k | $8.74 |
