4805 90th St Omaha, NE 68127-2474

Property Details for 4805 90th St

Year built

1965

Construction

FRAME

Lot size

0.46 lot acres

Property size

11,130 SF

Zone code

R7

Property type

Commercial real estate

APN

1800101123

APU

1800101123

Description

Exceptional investment opportunity in Omaha, Nebraska's thriving Williamsburg neighborhood. This well-maintained 56-unit apartment building boasts a prime location just over a mile from Interstate 80, ensuring convenient access and high occupancy rates. The property comprises three buildings, each three stories high, totaling 45,885 square feet on a 1.57-acre lot. The unit mix includes 46 one-bedroom apartments (22 at 780 sq ft, 22 at 810 sq ft, and 2 at 1,000 sq ft) and 10 two-bedroom units at 1,125 sq ft each. The property includes 17 garages, four of which are recent additions. Significant recent upgrades include newer roofs, windows, water heaters, and A/C units within the last 4-5 years. Built in 1965 and 1973, the property is zoned R7 and presents a strong potential for rental increases, given its consistently high occupancy and the opportunity to pass along utility costs (currently covered by the landlord) to tenants. Cosmetic renovations could further enhance rental income in this desirable submarket. This is a rare chance to acquire a stable, high-performing multifamily asset with significant upside potential.

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Longitude

-96.0522

Latitude

41.2112

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments