Listing provided courtesy of Nebraska Realty- MLS# 22615434
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Request Info1014 N 48th AvenueOmaha, NE 68132
Multi-Family · 12 Beds · 12 Full Baths · 3,969 Sq. ft. | 0.30 Acres$870,000
ACTIVE
1014 N 48th Avenue Overview
- Time on Site:
- 26 days
- Visits:
- 3
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.
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1014 N 48th Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 3,969
- Price/Sq.ft. $219
- Lot 0.30 Acres
Details
General
Association/HOA
- Association: No
School Information
- School District: Omaha
- Elementary School: Harrison
- Middle Or Junior School: Lewis and Clark
- High School: Central
Income/Expenses
- Insurance Expense: 7389
- Maintenance Expense: 6360
- Net Operating Income: 68752
- Operating Expense: 19365
Building Information
- New Construction: No
- Year Built: 1965
Location/Region
- Country: US
- County Or Parish: Douglas
- MLS Area Major: Douglas
- Subdivision Name: CARTHAGE ADD
Tax Information
- Tax Annual Amount: $8,728.00
- Tax Year: 2025
General Information
- Listing Terms: Conventional,Cash
- Ownership: Fee Simple
- Parcel Number: 0752790002
- Property Condition: Not New and NOT a Model
- Property Sub Type: Multi Family
- Property Type: Residential Income
Interior
Parking Information
- Garage Spaces: 0
- Garage: No
Beds/Baths
- Bathrooms Full: 12
- Bathrooms Total: 12
- Bedrooms Total: 12
Building Interior
- Building Area Source: Assessor
- Building Area Total: 3969
- Building Area Units: Square Feet
General Information
- Appliances: Range, Refrigerator
- Basement: Yes
- Fireplace: No
- Fireplaces Total: 0
- Foundation Details: Block
- Levels: Three Or More
- Living Area: 3969
- Living Area Source: Assessor
- Living Area Units: Square Feet
- Rooms Total: 21
Exterior
Parking Information
- Parking Features: No Garage
- Parking Total: 12
Lot Information
- Lot Features: Over 1/4 up to 1/2 Acre, Corner Lot
- Lot Size Acres: 0.2992
- Lot Size Area: 13034
- Lot Size Dimensions: 98 x 133
- Lot Size Source: Assessor
- Lot Size Square Feet: 13034
- Lot Size Units: Square Feet
- Water Source: Public
Building Exterior/Construction
- Attached Garage: No
- Construction Materials: Masonite, Brick/Other
- Patio And Porch Features: Covered Deck, Deck
- Roof: Composition
General Information
- Carport: No
- Covered Spaces: 0
- Fencing: None
- Number Of Units Total: 12
- Sewer: Public Sewer
1014 N 48th Avenue Neighborhood
Community
68132 (Waverly) Demographics
31
Median Age
5,799
Population Density (per sq. mile)
64%
College Educated
$69,229
Estimated Median Income
3,236
Estimated Total Home Owners
2,581
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1014 N 48th Avenue Monthly Cost
1014 N 48th Avenue Market Data
Based on the last 30 days in this zip code
$555,671
Average List Price
$258
Average Price per Square Foot
21
Properties Sold
35
Average Days on Market
66
Properties for Sale
1014 N 48th Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/7/2026Source: Great Plains MLS | ACTIVE |
|
| 6/3/2026Source: Great Plains MLS | June 03, 2026 |