4640 Izard ST, Omaha, NE 68132
4640 Izard ST, Omaha, NE 68132
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David Rasmussen, SRES

David Rasmussen, SRES

+1(406) 253-8498
Listed by Marty Hosking Keller Williams Greater Omaha
$ 233,955
Est. payment | /mo

7,501 Sqft Lot

Save
$ 233,955
Est. payment | /mo
Save

7,501 Sqft Lot

Open House

Sun Sep 27, 1:00pm - 3:00pm

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Walnut Hill

MLS Listing ID 22627287

HOA Y/N No

Year Built 1918

Annual Tax Amount $4,086

Lot Size 7,501 Sqft

Acres 0.1722

Lot Dimensions 50 x 150

Property Sub-Type Multi Family

Property Description

Showings start at Open House Sun 9/27 1-3pm. Turnkey 3-unit investment in Walnut Hill, steps from Dundee! Fully occupied 1918 triplex offered at $233,955 — just $77,985/door and priced 4.3% BELOW 2026 assessed value. In-place NOI delivers a 7.8% cap rate today, with a clear path to ~8.9% 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 $103M Saddle Creek Market redevelopment, Benson's entertainment district, and a direct run to Creighton/Eppley Airfield. Documents and link to come on Thursday. NOTE: another similar property is available for package sale. Please request info.

Location

State NE

County Douglas

Area Douglas

Direction Cuming Street to 47th St - North on 47 - Quick right on Izard. Or coming from NW Radial from the north turn right at Izard St

Interior

Heating Natural Gas, Forced Air

Fireplaces Number No

Fireplace No

Exterior

Garage Spaces 2.0

Fence None

Garage Yes

Building

Foundation Block

Lot Size Range 0.1722

Sewer Public Sewer

Water Public

Schools

Elementary Schools Walnut Hill

Middle Schools Lewis And Clark

High Schools Benson

School District Omaha

Others

Ownership Fee Simple

NEARBY SCHOOLS & PROPERTIES
David Rasmussen, SRES

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(406) 253-8498

david.rasmussen@nebraskarealty.com

7321 Plaza Court #201, Lincoln, NE 68516, USA

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4640 Izard ST