117 S 38th Street, Omaha, NE 68131

Omaha
Local realty services provided by:Better Homes and Gardens Real Estate The Good Life Group
117 S 38th Street,Omaha, NE 68131
$425,000
  • 5 Beds
  • 4 Baths
  • 2,485 sq. ft.
  • Multi-family
  • Active
Listed by: danielle altman
Office: bhhs ambassador real estate
MLS#:22618723
Source:NE_OABR

Price summary

  • Price:$425,000
  • Price per sq. ft.:$171.03

About this home

Excellent Investment Opportunity in Midtown's Blackstone District! Don't miss this 4-unit multi-family property located in the heart of the highly desirable Blackstone neighborhood. Just steps from popular shops, restaurants, & entertainment, the property also benefits from the upcoming streetcar line to the South that will provide convenient access to Downtown. Current 2026 rental income includes units leased at $1,450, $1,080, and $960 per month, with the fourth unit currently vacant, offering immediate value-add potential and the opportunity to increase cash flow. All appliances are included with the sale. Whether you're looking to expand your portfolio or begin investing in a prime Midtown location, this property offers strong income potential and excellent long-term upside! Please Note: some listing photos were taken when the property was previously vacant and may not reflect current occupancy.

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Home facts

  • Year built:1904
  • Listing ID #:22618723
  • Added:4 day(s) ago
  • Updated:July 07, 2026 at 12:15 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:2
  • Rooms Total:12
  • Living area:2,485 sq. ft.

Heating and cooling

  • Cooling:Central Air, Heat Pump
  • Heating:Electric, Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1904
  • Building area:2,485 sq. ft.
  • Lot Features:Alley, Up to 1/4 Acre
  • Construction Materials:Stucco
  • Exterior Features:Deck, Porch
  • Foundation Description:Brick/Mortar

Schools

  • High school:Central
  • Middle school:Lewis and Clark
  • Elementary school:Gifford Park

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$171.03
  • Tax amount:$3,280 (2025)

Features and amenities

  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:5
  • Parking description:Detached
  • Garage:Yes
  • Garage spaces:2

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