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4640 Izard Street

Omaha, NE 68132
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Bed --

Bed

Bath 0

Bath

SqFt7,500

Sqft(Lot)

Showings start at open house 8/30 1-3pm. 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 Ma rket 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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Detail Ic Property Details

Property Type : Residential Income

Price : $259,650

AD Id : 90853765

MLS Id : 22624863

Lot Size : 7,500 Sqft

Year Built : 1918

Garage : 2

County : Douglas

  • Map Map

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Feature Features

  • Heating & Cooling

    Heating: Natural Gas, Forced Air WaterSource: Public

  • Building Information

    Year Built: 1918 Basement: Walk-Out Access
  • Exterior Features

    Foundation Details: Block
  • Fencing

    None

  • Lot Information

    Lot Dimensions: 50 x 150 Lot Description: Up to 1/4 Acre. Lot Size Area: 7500 Lot Size Units: Square Feet Lot Square Feet: 7,500 Lot Acres: 0.1722 Main Square Feet: 7500

    Property Information

    Property Type: Residential Income Sub Type: Multi FamilySubdivision: Walnut Hill

  • Listing Price Information

    Original Listing Price: $259650

  • Tax Information

    Parcel Number: 05820000424 Annual Tax: $4086.64

  • Parking Information

    # of Garage Spaces: 2 Has Garage: Yes Parking Total: 4

  • Elementary School: Walnut Hill
    Junior High School: Lewis and Clark
    Senior High School: Benson
  • Location Information

    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
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
825-827 N 47th Street, Omaha, NE, 68132 $390,000 4 2 1,872 7,425 Sqft
5829-5831 Lafayette Ave.., Omaha, NE, 68132 $305,000 5 2 1,980 --
5833-5835 Lafayette Ave.., Omaha, NE, 68132 $320,000 5 2 1,980 --
5837-5839 Lafayette Ave.., Omaha, NE, 68132 $295,000 5 2 1,980 --
6527 & 6529 Lafayette A.., Omaha, NE, 68132 $450,000 3 2 1,635 --

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ByOwner last updated this listing 09/02/2026 @ 03:28

MLS: 22624863 LISTED BY: Marty Hosking, Keller Williams Greater Omaha SOURCE: Great Plains Regional MLS

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