4516 Izard St - Apartments FOR SALE


Omaha, NE 68132- Midtown Omaha
$550,000 USD
402-657-9081
4516 Izard St, Omaha, NE for Sale
$550,000 USD
Apartments - FOR SALE
1/10
null | 7.61% Cap Rate

4516 Izard St
Omaha, NE 68132
Midtown Omaha


HIGHLIGHTS

  • High density urban market with rare 2 bedroom units.

OVERVIEW

This well-maintained 1965-built, 6-unit apartment building offers immediate cash flow with significant upside through rent optimization and light renovations. Featuring a mix of 5 two-bedroom/one-bath and 1 one-bedroom/one-bath units. Located in the vibrant Walnut Hill / Midtown area, residents enjoy spacious layouts, off-street parking, and proximity to local amenities. Ideal for investors seeking stable income and appreciation in a growing market—don't miss this turnkey asset with proven rental demand! The property sits at the western edge of a rapidly evolving Midtown corridor, connecting Dundee to the University of Nebraska Medical Center (UNMC) and its innovative EDGE District to the east—a 30-acre hub for health sciences and startups. This area is undergoing transformative development, including the $65 million Catalyst facility and the CORE Building (set to open in 2026), fostering scientific collaboration and economic vitality. Ongoing projects, such as the $421 million Omaha Streetcar (advancing in 2026) and luxury apartments in Dundee, are projected to attract $3 billion in investments, revitalizing the urban core with new housing, jobs, and infrastructure. This growth enhances tenant demand, positioning the corridor as a prime area for long-term residency.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

6

PRICE/UNIT

$91,667

CAP RATE

7.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R7

APN/PARCEL ID

0614-0000-24

ASK ABOUT THIS PROPERTY

Jim SandersonCascade Real Estate GroupMore Info
402-657-9081

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Jim SandersonCascade Real Estate GroupMore Info
402-657-9081

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.