About 1014 N 48th Avenue
CONTRACT PENDING. Fully occupied 12-unit building in a high-demand corridor near Dundee, Blackstone, and UNMC. All units are 1-bed/1-bath with rents currently below market, offering immediate upside and stronger cap-rate potential. Major capital improvements already completed, including over $155,000 in new stairs and balconies (2023) and more than $60,000 in concrete work from 2017–2024. Private parking lot for all tenants. Basement includes existing hookups for a paid laundry setup, creating an additional revenue opportunity. Well-maintained, owner-operated asset since 2001 with stable performance and clear value-add pathways. AMA Buyer to Verify Schools.
Features of 1014 N 48th Avenue
| MLS® # | 22615434 |
|---|---|
| Price | $870,000 |
| Bedrooms | 12 |
| Bathrooms | 12.00 |
| Full Baths | 12 |
| Square Footage | 3,969 |
| Acres | 0.30 |
| Year Built | 1965 |
| Type | Residential Income |
| Sub-Type | Multi Family |
Community Information
| Address | 1014 N 48th Avenue |
|---|---|
| Subdivision | CARTHAGE ADD |
| City | Omaha |
| County | Douglas |
| State | NE |
| Zip Code | 68132 |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Natural Gas, Forced Air |
| Cooling | Window Unit(s) |
| Fireplace | No |
| Stories | Three Or More |
| Has Basement | No |
| Walk-Out Basement | No |
| Total Finished Square Feet | 3,969 |
Room Details
| Room | Size | Level | Description |
|---|
Exterior
| Lot Description | Over 1/4 up to 1/2 Acre, Corner Lot |
|---|---|
| Roof | Composition |
| Construction | Masonite, Brick/Other |
| Foundation | Block |
| Lot Dimensions | 98 x 133 |
| Lot Size Range | .25 to 1/2 Acre |
School Information
| District | Omaha |
|---|---|
| Elementary | Harrison |
| Middle | Lewis and Clark |
| High | Central |
Additional Information
| Date Listed | June 3rd, 2026 |
|---|---|
| ListingOffice | Nebraska Realty |
| RE / Bank Owned | No |
| Directions | Follow GPS |
Financials
| Tax Amount | $8,728 |
|---|---|
| Tax Year | 2025 |
| Price Per Square Foot | $219 |