4904 Underwood AveOmaha, NE 68132

For Sale
$1,249,000

Three-Home Portfolio, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a portfolio of three single-family homes situated on two parcels totaling 0.39 acres in Omaha, Nebraska's desirable Historic Dundee Business District. Located at 4904, 4906, and 4908 Underwood Avenue, this property boasts 5,588 square feet and benefits from alley access. Currently leased month-to-month as single-family rentals, the properties offer significant upside potential. The NBD-NCE-C zoning permits a variety of commercial uses, eliminating the need for parking, making it ideal for adaptive reuse. The location within the Historic Dundee Business District, a Community Redevelopment Area (CRA), provides access to exceptional demographics and is within 1.5 miles of the University of Nebraska Medical Center, a significant driver of ongoing development and investment. This rare portfolio sale presents a unique chance to acquire a strategically positioned asset with substantial potential for future growth and value appreciation. The asking price is $1,249,000. Don't miss this chance to capitalize on this once-in-a-generation opportunity in a thriving Omaha neighborhood.

Highlights

  • $1,249,000 asking price for a three-building portfolio.
  • 5,588 square feet total across three single-family homes on two lots with alley access.
  • Located in Omaha, Nebraska's desirable Historic Dundee Business District, near UNMC.
  • Currently leased as single-family rentals on month-to-month terms; potential for conversion to commercial use.
  • Situated in a Community Redevelopment Area (CRA).

Property Details for 4904 Underwood Ave

Property type
Other specialty properties, Other retail properties
Square Feet
5,588 SF
Buildings
3
Lot Size (sq. ft)
16,988 SF

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.2653195
Longitude
-95.9882795
4904 Underwood Ave, Omaha, Nebraska

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4904 Underwood Ave
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