4640 Izard Street, Omaha, NE 68132

$259,650

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List Price
$259,650
MLS#
22624863
Status
NEW
Type
Multifamily
City
Omaha
Area
Douglas
County
Douglas
Year Built
1918

Property Description

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 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

Additional Information

Basement
Yes
Elementary School
Walnut Hill
Fence
None
Garage Spaces
2
Heating Type
Natural Gas, Forced Air
High School
Benson
Lot Description
Up to 1/4 Acre.
Middle School
Lewis and Clark
School District
Omaha
Subdivision
Walnut Hill
Tax Amount
$4,086
Tax Year
2025
Walk Out Basement
Yes
Year Built
1918

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Greater Omaha.

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