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401 S 38th Avenue

Omaha, NE 68131
  • $700,000
  • STATUS: Active
  • MLS #: 22513246
$700,000
  • 6
    BEDS
  • 0.19
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,117
    SQFT
  • $225
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Information

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

Description

Historic 6-Plex Near Blackstone & Nebraska Medicine Own a piece of Omaha history at 401 S 38th Ave, just one block from the Blackstone District and future Omaha Streetcar line. Built by Louis Kirschbraun of Kirschbraun & Sons Creamery, this home is on the National Register of Historic Places and has been converted into 6 rental units: -4 one-bed, one-bath apartments- -2 studio units- Rents are below market, offering upside through updates or repositioning. Steps from Nebraska Medicine, UNMC, and Midtown Crossing, the location is ideal for both long-term tenants and short-term rental potential. With strong walkability and high demand, this is a rare opportunity to increase income through Airbnb or traditional leasing in a prime urban setting. Don't miss your chance to invest in one of Omaha's most historic and walkable neighborhoods.

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Listing information © 2025 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 Lincoln Select Real Estate Group | Nebraska Realty. Data last updated 2025-06-16T23:33:24.413.
www.lincolnselectrealestategroup.com/homes/164018133
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401 S 38th Avenue Omaha, NE 68131

  • Price: $700,000
  • Status: Active
  • On Site: Days
  • MLS #: 22513246
6
Beds
6
Baths
0
½ Baths
0.19
Acres
3,117
SQFT
$225
$/SQFT
1910
Built
Neighborhood:
Highland Place
County:
Douglas
Area:
Douglas
Elementary School:
Beals
Middle School:
Norris
High School:
Buena Vista
School District:
Omaha
Property Description
Historic 6-Plex Near Blackstone & Nebraska Medicine Own a piece of Omaha history at 401 S 38th Ave, just one block from the Blackstone District and future Omaha Streetcar line. Built by Louis Kirschbraun of Kirschbraun & Sons Creamery, this home is on the National Register of Historic Places and has been converted into 6 rental units: -4 one-bed, one-bath apartments- -2 studio units- Rents are below market, offering upside through updates or repositioning. Steps from Nebraska Medicine, UNMC, and Midtown Crossing, the location is ideal for both long-term tenants and short-term rental potential. With strong walkability and high demand, this is a rare opportunity to increase income through Airbnb or traditional leasing in a prime urban setting. Don't miss your chance to invest in one of Omaha's most historic and walkable neighborhoods.
Exterior Features

Attached Garage YN No Carport YN No Covered Spaces 0 Fencing None Foundation Details Other Garage YN No Lot Features Up to 1/4 Acre. Parking Features No Garage Parking Total 7

Interior Features

Basement YN Yes Bathrooms Full 6 Building Area Total 3117 Fireplace YN No Fireplaces Total 0 Heating Natural GasRadiant Heating YN Yes Levels Three Or More

Property Features

Association YN No Listing Terms ConventionalCash Maintenance Expense 2400 New Construction YN No Other Expense 4800 Ownership Fee Simple Property Condition Not New and NOT a Model Property Sub Type Multi Family REO NO Sewer Public Sewer Tax Annual Amount 7795.96 Tax Year 2024 Total Actual Rent 4685 Water Source Public

Listing information © 2025 Great Plains Regional MLS.
Listing provided by Mike Tesnar of BHHS Ambassador Real Estate: .


Listing information © 2025 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 Lincoln Select Real Estate Group | Nebraska Realty. Data last updated 2025-06-16T23:33:24.413.
 
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