This masterfully updated 2,656-square-foot historic single-family residence, constructed in 1905, is located at 5603 S 20th St in the vibrant, long-established South Omaha corridor of Omaha, Nebraska (Zip Code 68107).
Offered at an incredibly competitive price point of $260,000, this grand two-story Edwardian-era home features five bedrooms and three bathrooms across three fully completed levels, situated on a manageable 6,098-square-foot city lot.
Representing a stellar layout for modern house-hackers, multi-generational families, or portfolio landlords, the estate pairs beautiful turn-of-the-century spatial volumes with highly lucrative income infrastructure. Completely modernized with high-value mechanical capitalization and fresh interior aesthetics, this turnkey home requires zero immediate property maintenance.
The residence establishes an authoritative, nostalgic street presence, displaying the solid structural scale and deep roof pitches highly prized in older city neighborhoods. Inside, the massive 2,656-square-foot floor plan flows with grand architectural charm. The entire interior has been treated to fresh paint and beautifully refinished original hardwood floors that run continuously across the primary tiers, filling the common areas with immediate historic warmth.
🏛️ Main Manor Interior Layout & Staggered Living Tracks
The home’s multi-level geometry is exceptionally practical, organizing airy formal rooms and family sleeping tracks across the upper two levels while isolating a completely self-contained income suite below:
The Ground Floor Living Core: Opens with an inviting front living room parlor that transitions smoothly into a large formal dining room hall—ideal for family hosting. The main level anchors a bright, fully updated kitchen, a full central bathroom, two well-proportioned family bedrooms, and a charming, light-filled sunroom conservatory looking out onto the backyard.
The Upper Residential Wing: A central wooden staircase winds to the secondary tier, which isolates three additional oversized family bedrooms and a second full central bathroom entirely away from the active downstairs common tracking. Large architectural windows flood the rooms with natural light, creating a bright and airy retreat canopy.
💰 Fully Independent Secondary Suite / Turnkey Rental Footprint
The standout feature of this 5603 S 20th St estate is its professionally finished, high-utility subterranean basement tier, configured as a high-performance financial engine:
The Self-Contained Apartment: Outfitted with its own dedicated separate exterior entrance, this lower level functions as a true independent secondary dwelling unit.
Full Utility Amenities: The suite is fully equipped with a second full functional kitchen, a convenient three-quarter bathroom, a dedicated laundry station track, and cozy living space. This layout asset allows an owner-occupant to live upstairs while running a legal, long-term rental or high-yield short-term rental unit below to dramatically offset their monthly mortgage payment.
🛡️ Complete 2024–2026 Core Infrastructure Capitalization
Older pre-war homes frequently present buyers with steep, hidden deferred maintenance risks. This estate completely eliminates those volatile capital liabilities via extensive recent mechanical overhauls:
Brand-New High-Efficiency HVAC System: The home features a completely new central heating plant and air conditioning condenser network fully installed in May 2026, ensuring whisper-quiet, low-cost climate comfort.
Brand-New Structural Roof System: The entire building envelope was upgraded with a completely new roof in 2024, safeguarding your asset from harsh Midwestern storm cycles for decades to come.
Outside, the manageable 6,098-square-foot lot includes an extended off-street driveway leading to a practical detached garage outbuilding for secure vehicle parking, alongside a clean, easy-to-maintain backyard space perfect for family pets or small gardening beds.
📋 Property Specifications
💰 Price: $236,000 (A highly protective entry baseline)
📍 Address: 5603 S 20th St, Omaha, NE 68107 (Douglas County Corridor)
📐 Interior Size: 2,656 total finished livable sqft (Spacious multi-level footprint)
🌳 Lot Size: 6,098 sqft (0.14 Acres / Symmetrical, low-maintenance town parcel)
🛏️ Bedrooms: 5 (2 positioned on the main tier, 3 nestled on the upper level)
🛁 Bathrooms: 3 Baths total (2 Full bathrooms in the main house, one 3/4 bath in the lower suite)
🏗️ Year Built: 1905 (Edwardian Reconstruction Era / Early-20th-Century Traditional)
⚙️ Completed Infrastructure: Brand-New May 2026 HVAC, Brand-New 2024 Roof, Refinished Hardwoods, and Fresh Paint
🍳 Dual-Kitchen Matrix: 1 Updated main kitchen plus a separate, full basement kitchen core
🚙 Parking Infrastructure: Detached garage with an extended private driveway pad
🚀 Income Optimization: Separate exterior walk-out entrance for turnkey rental or related-living use
🔍 Key Features & Preservation Value Points Explained
🏛️ Spectacular Financial Runway at ~ $97 Per Square Foot: Securing a structurally sound, 2,600+ finished square foot historic estate that has been fundamentally modernized from the roof to the mechanics for $260,000 is an extraordinary real estate anomaly in today’s market. At this record-low entry baseline, your acquisition cost is heavily insulated from market volatility.
💰 Built-In Dual-Income Mortgage Shield: Finding a historic property with a pre-configured, separate-entrance basement apartment completely removes the financial strain of solo homeownership. The independent lower suite lets you capitalize on South Omaha’s dense medical and student rental pools, injecting predictable monthly cash flow from Day 1.
🛡️ Absolute Freedom from High-Cost Capital Liabilities: Older urban builds frequently hide massive, five-figure mechanical traps. Sourcing an estate that already features a 2024 roof and a brand-new May 2026 central HVAC plant removes the most volatile capital risks from your moving budget, letting you focus purely on enjoying the home.
🪵 Meticulous Preservation of Hardwood Elements: The professional refinishing of the century-old native hardwood flooring preserves the authentic historic soul of the 1905 design. These original planks inject a rich, deep-toned warmth that modern laminate lines simply cannot replicate.
📍 Strategic South Omaha Commuter Gateway: Located on South 20th Street, residents enjoy an incredibly rich, culturally diverse urban lifestyle. The estate sits within immediate walking distance of historic South Omaha business districts, acclaimed independent bakeries, community parks, local schools, and vibrant dining lines. Enjoy lightning-fast driving access to I-80, I-75, and Highway 275 for a streamlined, direct 5-minute commuter loop straight into downtown Omaha’s Old Market district, Creighton University campuses, or the nearby University of Nebraska Omaha (UNO) facilities.
Zillow link https://www.zillow.com/homedetails/5603-S-20th-St-Omaha-NE-68107/75799050_zpid/
Listed by: Chelsea Malone 402-637-6995, PJ Morgan Real Estate