Address
4640 Izard Street, Omaha, NE
Price
$ 233,955
Property Attributes
- ID#22627287
- TypeMulti-Family
- Listing Status NEW
- CountyDouglas
- CityOmaha
- AreaDouglas
- NeighborhoodWalnut Hill
- Zip68132
- Style
- Year Built1918
- Taxes$ 4086
- Price$ 233,955
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.1722 Acres
Data Source:
Great Plains Regional MLS
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Walnut Hill Elementary School | Lewis and Clark Middle School | Benson High School |
| Price History | |
|---|---|
| 9/22/2026 | Listed $233,955 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Garage Spaces | 2 |
| Year Built | 1918 |
| Property Subtype | Multi Family |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| County | Douglas |
| New Construction | false |
| Property Type | Residential Income |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | Walnut Hill |
| Garage Y/N | true |
| Status | NEW |
| Directions | 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 |
| ModificationTimestamp | 2026-09-25T06:03:04.600Z |
| High School | Benson |
| City | Omaha |
| High School District | Omaha |
| Number Of Units Total | 3 |
| MLS Area | Douglas |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 7500 |
| Carport Y/N | false |
| Elementary School | Walnut Hill |
| Tax Annual Amount | 4086.64 |
| Middle/Junior High School | Lewis and Clark |
| Property Condition | Not New and NOT a Model |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Omaha |
| Elementary School District | Omaha |
| Total Actual Rent | 2350 |
| Legal Description | WALNUT HILL LOT 15 BLOCK 8 LT 15 BLK 8 |
Interior Features
| Basement | Walk-Out Access |
|---|---|
| Basement (Y/N) | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| LivingAreaSource | Assessor |
Exterior Features
| Fencing | None |
|---|---|
| Lot Features | Up to 1/4 Acre. |
| Water Source | Public |
| Total Parking | 4 |
| Lot Size Area | 7500 |
| Foundation Details | Block |
| Lot Dimensions | 50 x 150 |
| Lot Size Acres | 0.1722 |
| Lot Size Source | Assessor |
| Covered Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 68132
Price
Taxes
Year Built
This data is from various Participants of the Great Plains REALTORS® Multiple Listing Service Inc Internet Data Exchange; is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; the listing broker is listed on each listing; the information is deemed reliable but not guaranteed, and is copyrighted ©2026 Great Plains REALTORS® Multiple Listing Service, Inc. Information is
