Jason M. James

1014 N 48th Avenue, Omaha, NE 68132

$870,000.00
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ACTIVE
BEDS13 BATHS13 SQUARE FEET3,969 MLS#22615434
STATUSACTIVE PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCARTHAGE ADD SCHOOLOmaha
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Property Description

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.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Days on Market: 14
Fuel Type: Gas
Heating: Natural Gas, Forced Air
Home Style: Three Or More
Lot Size: 0.3 Acres
Property Type: Multi Family
Roof Type: Composition
Stories: 3.0
Taxes: $8,728
Year Built: 1965

Feature Descriptions

Appliances: Range, Refrigerator
Baths Full: 13
Directions: Follow GPS
Exterior: Masonite, Brick/Other
Exterior: Covered Deck, Deck
Fencing: None
Financing Terms: Cash, Conventional
Foundation: Block
Lot Dimensions: 98 x 133
Original List Price: $870000
Parking: No Garage
Sewer: Public Sewer
SQFT Total: 3969
Total Rooms: 21
Units: 12
Water: Public

Local Schools

High School: Central
Middle School: Lewis and Clark
Elementary School: Harrison
School District: Omaha

Listed By / Shown By

Listed By

Agency Name: Nebraska Realty
Agency Phone: 402-491-0100

Shown By

Agent Name: Jason M. James
Agent Phone: (402) 690-2489

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Estimated Payment

$ 4,632.75 per month $3,651.67 Principal & Interest $727.33 Property Tax $253.75 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 06/17/2026. The listing information on this page last changed on 06/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/17/2026 12:51:31 AM EST) or Omaha MLS (last updated Wed 06/17/2026 12:50:19 AM EST) or SWIAOR MLS (last updated Wed 06/17/2026 12:34:45 AM EST). Real estate listings held by brokerage firms other than Heartland Properties Inc. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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