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4640 Izard Street, Omaha, NE 68132

Omaha
Local realty services provided by:CENTURY 21 Century Real Estate
4640 Izard Street,Omaha, NE 68132
$259,650
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: marty hosking
Office: keller williams greater omaha
MLS#:22624863
Source:NE_OABR

Price summary

  • Price:$259,650

About this home

Turnkey 3-unit investment in Walnut Hill, steps from Dundee! Fully occupied 1918 triplex offered at $260,000 — just $86,667/door and only 6.4% over 2026 assessed value. In-place NOI delivers a 7.0% cap rate today, with a clear path to ~8.0% simply by bringing under-market Units 2 & 3 up to rent as leases turn. Recent capital work: two new garage doors, repaired exterior staircase footings, and a fully repaired common-entrance ceiling — nearly every 2022 code item now cured. Owner exposure limited to tax & insurance only; CAM/MUD is a tenant-paid surcharge. Bonus income potential: two rentable garage spaces plus shared laundry. Rear alley access, fresh landscaping, and a location minutes from UNMC's Saddle Creek Development, the $103M Saddle Creek Market redevelopment, Benson's entertainment district, and a direct run to Creighton/Eppley Airfield. Docs are in the menu and doc link at: https://listings.nextdoorphotos.com/4640izardstreet

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Home facts

  • Year built:1918
  • Subdivision & Development:Walnut Hill
  • Listing ID #:22624863
  • Added:5 day(s) ago
  • Updated:September 03, 2026 at 02:43 PM

Rooms and interior

  • Basement Description:Walk-Out Access

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1918
  • Lot Features:Up to 1/4 Acre
  • Foundation Description:Block

Schools

  • High school:Benson
  • Middle school:Lewis and Clark
  • Elementary school:Walnut Hill

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$259,650
  • Tax amount:$4,086 (2025)

Parking

  • Total parking spaces:4
  • Garage:Yes
  • Garage spaces:2

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