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4516 Izard St 6 Unit Apartment Building $756,701 CAD ($126,117 CAD/Unit) 7.61% Cap Rate Omaha, NE 68132
Investment Highlights
- High density urban market with rare 2 bedroom units.
Executive Summary
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.
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.
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Property Facts
| Price | $756,701 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $126,117 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.61% | Building Size | 4,080 SF |
| Gross Rent Multiplier | 7.65 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.47/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R7 - High Density Multifamily Dwelling | ||
| Price | $756,701 CAD |
| Price Per Unit | $126,117 CAD |
| Sale Type | Investment |
| Cap Rate | 7.61% |
| Gross Rent Multiplier | 7.65 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,080 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | R7 - High Density Multifamily Dwelling |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0614-0000-24 | Improvements Assessment | $358,401 CAD |
| Land Assessment | $15,547 CAD | Total Assessment | $373,948 CAD |
Property Taxes
Parcel Number
0614-0000-24
Land Assessment
$15,547 CAD
Improvements Assessment
$358,401 CAD
Total Assessment
$373,948 CAD
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4516 Izard St
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