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117 S 38th Street

Omaha, NE 68131
  • $425,000
  • STATUS: Pending
  • MLS #: 22618723
Pending
UPDATED: 66 min ago
$425,000
  • 5
    BEDS
  • 0.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,485
    SQFT
  • $171
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1904
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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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Listing information © 2026 Great Plains Regional MLS. The information relating to real estate for sale on this website comes from the Internet Data Exchange program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the MLS or Candy Lopez | Nebraska Realty. Data last updated 2026-07-22T12:33:55.6.
www.candynebraskarealty.com/homes/178397127
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117 S 38th Street Omaha, NE 68131

  • Price: $425,000
  • Status: Pending
  • On Site: Days
  • Updated: 66 min ago
  • MLS #: 22618723
5
Beds
4
Baths
0
½ Baths
0.15
Acres
2,485
SQFT
$171
$/SQFT
1904
Built
Neighborhood:
Jerome Park
County:
Douglas
Area:
Douglas
Elementary School:
Gifford Park
Middle School:
Lewis And Clark
High School:
Central
School District:
Omaha
Property Description
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.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Stucco Covered Spaces 2 Fencing None Foundation Details Brick/Mortar Garage YN Yes Lot Features Up to 1/4 Acre.Alley Parking Features Detached Parking Total 5 Patio And Porch Features PorchDeck Roof Composition

Interior Features

Appliances RangeRefrigeratorDishwasherDisposalMicrowaveWasherDryer Basement YN Yes Bathrooms Full 2 Building Area Total 2485 Cooling Central AirHeat Pump Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Natural GasElectricHeat Pump Heating YN Yes Rooms Total 12

Property Features

Association YN No Listing Terms ConventionalCash New Construction YN No Ownership Fee Simple Property Condition Not New and NOT a Model Property Sub Type Multi Family REO NO Sewer Septic Tank Tax Annual Amount 3280.5 Tax Year 2025 Total Actual Rent 3490 Water Source Public

Listing information © 2026 Great Plains Regional MLS.
Listing provided by Danielle Altman of BHHS Ambassador Real Estate: .


Listing information © 2026 Great Plains Regional MLS. The information relating to real estate for sale on this website comes from the Internet Data Exchange program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the MLS or Candy Lopez | Nebraska Realty. Data last updated 2026-07-22T12:33:55.6.
 
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