117 S 38th Street, Omaha, NE 68131
- $425,000
- 5
- BD
- 4
- BA
- 2,485
- SqFt
- Sold Price
- $425,000
- List Price
- $425,000
- Closing Date
- Aug 18, 2026
- MLS#
- 22618723
- Status
- SOLD
- Type
- Multifamily
- City
- Omaha
- Area
- Douglas
- County
- Douglas
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 2,485
- Year Built
- 1904
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.
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Additional Information
- Basement
- Yes
- Cooling
- Central Air, Heat Pump
- Elementary School
- Gifford Park
- Exterior
- Stucco
- Fence
- None
- Garage Spaces
- 2
- Garage Type
- Detached
- Heating Type
- Natural Gas, Electric, Heat Pump
- High School
- Central
- Living Area
- 2,485
- Lot Description
- Up to 1/4 Acre., Alley
- Middle School
- Lewis and Clark
- Roof Type
- Composition
- Rooms
- 12
- School District
- Omaha
- Subdivision
- Jerome Park
- Tax Amount
- $3,280
- Tax Year
- 2025
- Year Built
- 1904
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Listing courtesy of BHHS Ambassador Real Estate. Selling Office: Dreamvesting.
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