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REDMAN AVE 10-UNIT APARTMENTS 4430 Redman Ave 10 Unit Apartment Building $550,000 ($55,000/Unit) Omaha, NE 68111
INVESTMENT HIGHLIGHTS
- 100% occupied Value Add Opportunity - current rents significantly below market
- Strong tenant appeal with quiet setting walkable access to transit, shopping and amenities
- Well maintained asset with strong exterior and interior condition
EXECUTIVE SUMMARY
4430 Redman Avenue is a clean, well-maintained 10-unit multifamily in Northeast Omaha. The property is 100% occupied with rents well below market, offering immediate value-add potential. Built in 1963 on a 0.38-acre lot, it features solid construction, off-street parking, and strong tenancy. With minimal deferred maintenance and long-term ownership, this is a great opportunity to improve cash flow in a stable submarket.
4430 Redman Avenue is located in northeast Omaha, just south of Sorensen Parkway. The property sits in a residential area surrounded by schools, parks, and local businesses, with close proximity to Florence, Minne Lusa, and Miller Park neighborhoods. This location offers easy access to Sorensen Parkway, I-680, and Eppley Airfield, and is only a 15-minute drive to downtown Omaha. Tenants benefit from nearby grocery stores, retail, public transit stops, and green space—making it a strong choice for long-term rental demand in a well-established part of the city.
4430 Redman Avenue is located in northeast Omaha, just south of Sorensen Parkway. The property sits in a residential area surrounded by schools, parks, and local businesses, with close proximity to Florence, Minne Lusa, and Miller Park neighborhoods. This location offers easy access to Sorensen Parkway, I-680, and Eppley Airfield, and is only a 15-minute drive to downtown Omaha. Tenants benefit from nearby grocery stores, retail, public transit stops, and green space—making it a strong choice for long-term rental demand in a well-established part of the city.
PROPERTY FACTS
| Price | $550,000 | Building Class | C |
| Price Per Unit | $55,000 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 5,750 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Parking Ratio | 1.74/1,000 SF |
| Zoning | R7 | ||
| Price | $550,000 |
| Price Per Unit | $55,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 5,750 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R7 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
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PROPERTY TAXES
| Parcel Number | 0759-0000-21 | Improvements Assessment | $291,200 |
| Land Assessment | $16,800 | Total Assessment | $308,000 |
PROPERTY TAXES
Parcel Number
0759-0000-21
Land Assessment
$16,800
Improvements Assessment
$291,200
Total Assessment
$308,000
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REDMAN AVE 10-UNIT APARTMENTS | 4430 Redman Ave
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