406 N 49 Street, Omaha, NE 68132

$1,195,000
18
BD
18
BA
850
SqFt

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List Price
$1,195,000
MLS#
22631435
Status
NEW
Type
Multifamily
City
Omaha
Area
Douglas
County
Douglas
Bedrooms
18
Bathrooms
18
Living Area
850
Year Built
1940

Property Description

Glendale Apartments, an iconic Dundee property, family-owned for 21 years and offered for the first time in two decades. Ten units in two 1940 brick buildings: eight spacious 2-bed, 2-bath units, a layout that is hard to find in the area, plus two 1-bed, 1-bath units. Recent 2-bed leases at $1,200, with room to grow rents. Major exterior work is done: the roof was replaced in 2018, and tuck-pointing and brickwork were completed in 2026. Electric is separately metered for every unit, gas is separately metered for the 2-beds, and there is a tenant bill-back for water and sewer. Laundry on site, 5 garages plus a surface space, and an on-site maintenance manager who handles lawn care and snow removal. A short walk to the shops and dining of Underwood Avenue.

Additional Information

Basement
Yes
Cooling
Central Air
Elementary School
Dundee
Exterior
Stone
Fence
None
Garage Spaces
5
Heating Type
Natural Gas, Forced Air
High School
Central
Living Area
850
Lot Description
Over 1/4 up to 1/2 Acre
Middle School
Lewis and Clark
Roof Type
Other
Rooms
5
School District
Omaha
Subdivision
Dundee Place
Tax Amount
$12,397
Tax Year
2025
Walk Out Basement
Yes
Year Built
1940

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