Corrina Bartels

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Listing provided courtesy of BHHS Ambassador Real Estate- MLS# 22616207MLS Provider

117 S 38th StreetOmaha, NE 68131

Multi-Family · 5 Beds · 2 Full Baths · 2,485 Sq. ft. | 0.15 Acres
$425,000 PENDING

117 S 38th Street Overview

Time on Site:
18 days
Visits:
0

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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117 S 38th Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,485
  • Price/Sq.ft. $171
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Omaha
  • Elementary School: Gifford Park
  • Middle Or Junior School: Lewis and Clark
  • High School: Central

Building Information

  • New Construction: No
  • Year Built: 1904

Location/Region

  • Country: US
  • County Or Parish: Douglas
  • MLS Area Major: Douglas
  • Subdivision Name: Jerome Park

Tax Information

  • Tax Annual Amount: $3,280.50
  • Tax Year: 2025

General Information

  • Listing Terms: Conventional,Cash
  • Ownership: Fee Simple
  • Parcel Number: 1423590000
  • Property Condition: Not New and NOT a Model
  • Property Sub Type: Multi Family
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 2
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Total: 4
  • Bedrooms Total: 5

Building Interior

  • Building Area Source: Other
  • Building Area Total: 2485
  • Building Area Units: Square Feet

General Information

  • Appliances: Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer, Dryer
  • Basement: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Foundation Details: Brick/Mortar
  • Living Area: 2485
  • Living Area Source: Other
  • Living Area Units: Square Feet
  • Rooms Total: 12

Exterior

Parking Information

  • Parking Features: Detached
  • Parking Total: 5

Lot Information

  • Lot Features: Up to 1/4 Acre., Alley
  • Lot Size Acres: 0.1534
  • Lot Size Area: 6680
  • Lot Size Dimensions: 40 x 167
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6680
  • Lot Size Units: Square Feet
  • Water Source: Public

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Stucco
  • Patio And Porch Features: Porch, Deck
  • Roof: Composition

General Information

  • Carport: No
  • Covered Spaces: 2
  • Fencing: None
  • Number Of Units Total: 4
  • Sewer: Septic Tank

117 S 38th Street Neighborhood

Community

68131 (OMAHA) Demographics

29
Median Age
6,655
Population Density (per sq. mile)
46%
College Educated
$42,516
Estimated Median Income
1,521
Estimated Total Home Owners
4,342
Estimated Total Renters
26% / 74%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

117 S 38th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

117 S 38th Street Market Data

Based on the last 30 days in this zip code

$312,776
Average List Price
$181
Average Price per Square Foot
8
Properties Sold
47
Average Days on Market
56
Properties for Sale
Calculations provided by Reliance Network

117 S 38th Street History

Date Event Value Agent
6/26/2026Source: Great Plains MLS Status Change
PENDING
6/16/2026Source: Great Plains MLS Status Change
ACTIVE
6/11/2026Source: Great Plains MLS Added to Database
June 11, 2026