About 4640 Izard Street
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
Features of 4640 Izard Street
| MLS® # | 22624863 |
|---|---|
| Price | $259,650 |
| Bathrooms | 0.00 |
| Acres | 0.17 |
| Year Built | 1918 |
| Type | Residential Income |
| Sub-Type | Multi Family |
Community Information
| Address | 4640 Izard Street |
|---|---|
| Subdivision | Walnut Hill |
| City | Omaha |
| County | Douglas |
| State | NE |
| Zip Code | 68132 |
Interior
| Heating | Natural Gas, Forced Air |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Walk-Out Basement | Yes |
Room Details
| Room | Size | Level | Description |
|---|
Exterior
| Lot Description | Up to 1/4 Acre. |
|---|---|
| Foundation | Block |
| Lot Dimensions | 50 x 150 |
| # of Garages | 2 |
School Information
| District | Omaha |
|---|---|
| Elementary | Walnut Hill |
| Middle | Lewis and Clark |
| High | Benson |
Additional Information
| Date Listed | August 28th, 2026 |
|---|---|
| ListingOffice | Keller Williams Greater Omaha |
| RE / Bank Owned | No |
| 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 |
Financials
| Tax Amount | $4,087 |
|---|---|
| Tax Year | 2025 |